The Block Distilling

A craft distillery making #everydamndrop in house.

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Form C
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Security Type
Debt
Categories
Alcohol, Retail, Manufacturing, Food & Bev
Min Investment
$100
Location
Denver, CO
Offering Date
February 03, 2021
Expected Close Date
April 29, 2024
Target Raise
$100.00K-$618.00K
No. Investors
320
Security Price
$2.72
Deal Notes

Security Title: Class AAA Preferred Membership Interests

Price per Unit: $2.72

Valuation
$7,340,000
Website
theblockdistillingco.com
Number of Employees
8
Cash
$33,291
Revenue
$1,077,525
Short Term Debt
$1,557,157
Cost of Goods
$297,334
Long Term Debt
$2,945,316
Net Income
$-717,436

Company Description

You want to know where your spirit came from. Drinking The Block means it was made from small batch grains from family farms and distilled in a family run operation that makes quality the paramount goal. When you invest in The Block you're investing in a company that is growing even through the pandemic, has the equipment in place to scale by 600%*, has previously raised over $1.5M in funding, and has just increased operational square footage to make sure there is room to grow. 

Key Deal Facts

Raised $1.5M from angel investors.
Grew 40% from year 1 to 2. Grew 18% year 2 to 3 (even through the pandemic).
Up to 6x production scale-up pending success of this round
Sold 120,000 drinks and 8,000 bottles in house since opening
$1.85M in cumulative sales since opening.
Run by 2 engineers and a licensed professional counselor.

Use of Proceeds

$250,000

  • 92.5% towards expansion construction
  • 7.5% towards Wefunder fees

$1,069,999

  • 60.7% to expansion construction
  • 28% to working capital and debt reduction
  • 3.8% towards additional distillery assistant
  • 7.5% towards Wefunder fees

Management Team / Advisory Board Bios

Kraig Weaver
founder & distiller (The Dreamer)
Has an BS in engineering from Colorado School of Mines. Worked in industry for 5 years before founding and running a custom metal and woodwork design and fabrication company. Designed and built breweries, coffee shops, and The Block's tasting room.
Distillation is this beautiful balance of science, art, culinary, and chemistry. Getting nerdy into the details of the operation lets us control the flavor profiles of the spirit. Seeing that spirit go into bottles and then watching our patrons enjoy that drink with each other is the greatest reward we could ask for. Bonding over a good drink.

Michelle Weaver
founder & organizer (The Bookie)
Has a BA in psychology and a master's in clinical counseling. Worked in behavioral health for 10 years becoming a supervisor in charge of 30 employees and then a director in charge of all the supervisors. She keeps The Block on track and organized.

Kameron Weaver
founder & distiller (The Smarty Pants)
Has a BS in computer science from the Colorado School of Mines. Worked for Gates Corporation for 3 years. Created an automation interface touchscreen to control the temperatures and agitator speed/rotation for our fermenters from scratch.

Deal Notes

Security Title: Class AAA Preferred Membership Interests

Price per Unit: $2.72

Amount Raised : $660,663
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Security Description

Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.

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