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Security Type
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Common Stock
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Categories
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Food & Bev
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Min Investment
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$250
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Offering Date
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July 08, 2022
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Expected Close Date
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September 28, 2022
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Target Raise
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$10.00K-$1.07M
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No. Investors
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44
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Security Price
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$2
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Valuation
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$10,000,000
- Number of Employees
- 3
- Cash
- $546,463
- Revenue
- $379,701
- Short Term Debt
- $48,347
- Cost of Goods
- $59,656
- Long Term Debt
- $940,000
- Net Income
- $-375,669
Company Description
Fast Penny Spirits is a Seattle-based distillery that specializes in producing high-quality amaro using organic and wild-crafted ingredients under the Amaricano brand. Our woman-owned, women-led brand blends the founder’s Italian heritage with flavors and ingredients of the Pacific Northwest to create a complex yet easy to drink aperitif and digestif.
Perks
StartEngine OWNERS Exclusive Click here to learn more
$250+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Friends and Family Early Birds
Invest within the first 72 hours and receive 15% bonus shares.
2
days
12
hours
14
mins
27
secs
$500+ Investment
Fiori - $500+ Hat & stickers, 10% discount off amari for the first year.
$1,000+ Investment
Ruby - $1000+ Hat & stickers, 10% discount off amari for the first year, VIP Tour for up to 10 people.
$2,500+ Investment
Inga - $2500+ Hat & stickers, Nick & Nora glasses, 10% discount off amari for the first year, VIP Tour for up to 10 people.
$5,000+ Investment
Indigo - $5000+ Hat & stickers, Nick & Nora glasses, 10% discount off amari for the first year, VIP Tour for up to 10 people, 15% off Veloce Society membership for a year.
$10,000+ Investment
Centime - $10,000+ Hat & stickers, Nick & Nora glasses, 15% discount off amari for the first year, VIP Tour for up to 10 people, 20% off Veloce Society membership for a year.
$25,000+ Investment
Veloce - $25,000+ Hat & stickers, Nick & Nora glasses, 20% discount off amari for the first year, VIP Tour for up to 10 people, 20% off Veloce Society membership for a year.
Key Deal Facts
Fast Penny Spirits commits to sustainable food systems, environmental practices, and empowering women & communities, earning us an official certification as a B-Corporation™.
The craft spirits category is estimated to grow to a market size of $36B by 2025.*
Fast Penny Spirits amari have been highly awarded since their July 2020 launch, recently winning Double Gold at the 2022 Women's Wine & Spirits Awards, Gold at the 2022 Denver and San Francisco International Spirits competitions, and placing in the Top 100 Spirits of 2021 by Wine Enthusiast.
Management Team / Advisory Board Bios
Kristen Palmer Bastian
Marketing Director & Strategist
Kristen Bastian leads marketing strategy for Fast Penny Spirits including social media, advertising, influencer partnerships, email, and events. Prior to consulting with Fast Penny Spirits, Kristen led home, fashion, and North American consumer marketing organizations for Amazon during her seven years with the company. She is a brand marketing expert, having developed and grown national brands in the CPG industry. She loves to travel, entertain, cook, and visit with her nephews and niece. Originally from New York, Kristen now lives in West Seattle with her husband and two rescue pups.
Kristen works on retainer approximately 20-30 hours per week as Marketing Director & Strategist for Fast Penny Spirits and the remainder of her time working for her own business T Parlour Agency
Adam Fream
Sales Manager
Adam Fream leads Washington State distributor sales for Fast Penny Spirits, as well as develops sophisticated and approachable cocktail recipes that feature our amari. Adam’s enthusiasm for amazing food and beverages has yielded a career across many sides of the industry. He started as a dishwasher in a Ballard dive bar and worked his way up to sommelier and managing some of the finest dining establishments in Seattle. Adam’s career has included mixing drinks at iconic Seattle bars, leading the beverage program for The Derschang Group, and managing production for Scrappy’s Bitters. Adam’s versatility is always on display at Fast Penny Spirits, where he not only drives distribution and sales, but also partners with Jamie on production and distillery management.