Nippitaty Distillery
Organic craft distillery
Overview
Raised: $68,927
Total Commitments ($USD)
Platform
Honeycomb
Start Date
02/09/2021
Close Date
03/25/2021
Min. Goal
$30,000
Max. Goal
$150,000
Min. Investment
$100
Security Type
Debt
Series
Pre-Seed
SEC Filing Type
RegCF
Rolling Commitments ($USD)
Status
Funded
Reporting Date
03/31/2021
Days Remaining
Funded
% of Min. Goal
230%
% of Max. Goal
46%
Likelihood of Max
Funded
Avg. Daily Raise
$1,567
# of Investors
65
Momentum
Funded
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Year Founded
2017
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Nippitaty Distillery, an organic craft distillery in North Charleston, SC, is raising funds on Honeycomb. The distillery uses earth-friendly methods to make high-quality liquor. The products of Nippitaty Distillery have delightful and subtle flavors, complexity, and smoothness. The two product lines of the distillery include a botanical gin and a botanical vodka. Traxler Littlejohn founded Nippitaty Distillery in 2017. The current crowdfunding round has a minimum goal of $30,000 and a maximum goal of $150,000, and the proceeds will be used to increase the capacity, get more state licenses, spread bottle distribution, consolidate debt, and hire brand ambassadors. Nippitaty Distillery is the first organic distillery in South Carolina and takes pride in its organic practices.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$97,839 |
$30,801 |
|
COGS |
$61,083 |
$32,535 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-35,129 |
$-42,540 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$3,236 |
$2,906 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$3,236 |
$2,906 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$77,376 |
$40,294 |
|
Total Liabilities |
$77,376 |
$40,294 |
Financials as of: 02/09/2021
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