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Security Type
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Preferred Stock
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Categories
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Other
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Min Investment
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$100
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Offering Date
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April 18, 2019
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Expected Close Date
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July 17, 2019
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Target Raise
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$50.00K-$400.00K
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Deal Notes
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$100.00 per share
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Valuation
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$2,000,000
Company Description
Producing Mahia, a traditional Moroccan fig spirit, from our family recipe
Perks
$500+ Private distillery tour and tasting for you and five people, plus limited edition tote bag
$1,000+ Private Distillery tour and tasting for you and 10 friends, plus limited edition tote bag
$10,000+ Multi course Dinner and exclusive cocktail pairing experience in NYC, plus limited edition tote bag
Key Deal Facts
92% YOY revenue growth from 2015-'16. 30% YOY from 2016-'18.
Only commercial producer of Mahia in the Western Hemisphere.
Number of accounts overall across the U.S. grew by at least 63% in 1 year without a paid salesforce.
Gross Margins of 71% (Mahia) and 87% (Legs Diamond Whiskey).
Awards for Mahia: Silver Medal from New York International Spirits Competition and Bronze from International Wine & Spirits Competition.
Awards for Legs Diamond Rye Whiskey: Gold Medal at The Fifty Best, Good Food Awards Winner 2017, Wine Enthusiast Top 100 Spirits in 2016. Legs Diamond Bourbon was a 2019 Good Foods Award Winner
Mahia Sold at Morocco Pavilion at Epcot Center at Disney World.
Mahia sells for $36.99 to $46.99 per bottle.
Use of Proceeds
Sales, Marketing, Equipment, Working Capital, Intermediary Fee
Management Team / Advisory Board Bios
Dorit Nahmias
President
8+ years distilling, former foreign-exchange trader quoted in the New York Times, LA Times, WSJ
David Nahmias
Founder, Master Distiller
Former computer-software engineer, raised in Morocco where generations of his family distilled Mahia