Western Reserve Distillers

Western Reserve Distillers

A family-owned organic craft distillery

A family-owned organic craft distillery

Overview

Raised this Round: Raised: $102,321

Total Commitments ($USD)

Platform

Honeycomb

Start Date

02/04/2021

Close Date

03/22/2021

Min. Goal
$75,000
Max. Goal
$300,000
Min. Investment

$100

Security Type

Debt

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Year Founded

2014

Industry

Alcohol, Tobacco, & Recreational Drugs

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Lakewood, Ohio

Business Type

Life Style

Western Reserve Distillers, an organic craft distillery in Lakewood, Ohio, is raising funds on Honeycomb. The distillery produces a wide range of organic spirits, including gin, rum, vodka, bourbon, rye whiskey, wheat whiskey, Blanco, and reposado. Kevin Thomas and Ann Thomas founded Western Reserve Distillers in 2014. The proceeds of the current crowdfunding campaign, with a minimum goal of $75,000 and a maximum goal of $300,000, will be used to purchase barrels of aged whiskey from Kentucky, Indiana, and Tennessee and purchase raw materials for the agave spirit barrel-aged program. Western Reserve Distillers spirits have received several awards, including Tequila Aficionado’s Brand of Promise award.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,015,263

$543,227

COGS

$1,246,429

$539,793

Tax

$0

$0

 

 

Net Income

$79,938

$-506,925

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$201,777

$215,165

Accounts Receivable

$0

$0

Total Assets

$2,060,196

$1,986,478

Short-Term Debt

$178,282

$188,777

Long-Term Debt

$2,063,837

$2,032,957

Total Liabilities

$2,242,119

$2,221,734

Financials as of: 02/04/2021
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Western Reserve Distillers on Honeycomb
Platform: Honeycomb
Security Type: Debt

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