Tall Pines Distillery (2021)

Tall Pines Distillery (2021)

Closed: Sep. 2021

About this raise

Tall Pines Distillery, the first legal moonshine distillery in Somerset County, is raising crowdfunding on Honeycomb. The distillery manufactures and produces Moonshine, Whiskey, Rum, and Bourbon. It also has an entertainment space with an outdoor bar and outdoor seating. Keith and Lisa Welch founded Tall Pines Distillery in 2014. The proceeds of the current crowdfunding round, with a minimum raise of $20,000 and a maximum raise of $75,000, will target the Ivory Buck boutique buildout and distillery addition. Tall Pines Distillery produces 22 liquors and has one franchise in Pineville, MO. It also has a satellite location in Donegal, PA, and is working on a new franchise in Blairsville, GA.


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Investment Overview

Invested this round: $75,000

Deal Terms

Total Commitments

Platform
Honeycomb
Start Date
08/12/2021
Close Date
09/23/2021
Min. Goal
$20,000
Max Goal
$75,000
Min. Investment

$100

Security Type

Debt

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Company & Team

Company

Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
Location
Salisbury, Pennsylvania
Business Type
Life Style
Company Website
Visit Website

Team

Employees
8
Prior Founder Exits?
No
Founder Name
Ronald Keith Welch
Title
Co-Owner
Founder Name
Lisa Welch
Title
Co-Owner

Financials

 Revenue
$0
 Monthly Burn
Profitable
 Cash on Hand
$8
Gross Margin
57%
View Detailed Financials Expand

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$472,758

$384,631

COGS

$203,970

$140,725

Tax

$0

$0

 

 

Net Income

$19,569

$26,519

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$8

$10

Accounts Receivable

$0

$0

Total Assets

$85,794

$49,499

Short-Term Debt

$132,862

$72,471

Long-Term Debt

$0

$0

Total Liabilities

$132,862

$72,471
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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
07/06/2023 Honeycomb - $74,250 Debt Funded RegCF
09/23/2021 Honeycomb - $75,000 Debt Funded RegCF
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Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

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Tall Pines Distillery on Honeycomb 2021
Platform: Honeycomb
Security Type: Debt

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Warning: according to the close date for this deal, Tall Pines Distillery may no longer be accepting investments.

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