Overview
Raised: $74,250
Total Commitments ($USD)
Platform
Honeycomb
Start Date
05/21/2023
Close Date
07/06/2023
Min. Goal
$65,000
Max. Goal
$75,000
Min. Investment
$250
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
10.50%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
07/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$1,650
# of Investors
35
Momentum
Funded
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Year Founded
2015
Industry
Alcohol, Tobacco, & Recreational Drugs
Tech Sector
Non-Tech
Location
Salisbury, Pennsylvania
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. Tall Pines Distillery has been in business for nine years with a track record of growth. The business generated over half a million dollars in revenue in 2021 and 2022. Keith and Lisa Welch founded Tall Pines Distillery in 2014. The current crowdfunding campaign has a minimum target of $65,000 and a maximum target of $75,000. The campaign proceeds will be used to build a new spirits store and cocktail bar in Lancaster, PA.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$506,851 |
$603,875 |
|
COGS |
$86,813 |
$115,992 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-93,691 |
$1,937 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$13,380 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$371,980 |
$171,230 |
|
Short-Term Debt |
$3,664 |
$0 |
|
Long-Term Debt |
$446,626 |
$264,751 |
|
Total Liabilities |
$450,290 |
$264,751 |
Financials as of: 05/21/2023
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