Nippitaty Distillery

Nippitaty Distillery

Organic craft distillery

Organic craft distillery

Overview

Raised to Date: Raised: $68,927

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/08/2021

Close Date

03/24/2021

Min. Goal
$30,000
Max. Goal
$150,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Rolling Commitments ($USD)

Status
Funded
Reporting Date

03/30/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
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

Location

North Charleston, South Carolina

Business Type

Life Style

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: 02/08/2021
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Nippitaty Distillery on Honeycomb
Platform: Honeycomb
Security Type: Debt

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