Western Reserve Distillers
About this raise
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.
Investment Overview
Invested : $102,321
Deal Terms
Total Commitments
- Platform
- Honeycomb
- Start Date
- 02/05/2021
- Close Date
- 03/22/2021
$75,000
$300,000
$100
Debt
RegCF
Company & Team
Company
- Year Founded
- 2014
- Industry
- Alcohol, Tobacco, & Recreational Drugs
- Tech Sector
- Distribution Model
- B2C
- Margin
- Medium
- Capital Intensity
- High
Financials
- Revenue +271% YoY
- $2,015,263
- Monthly Burn
- Profitable
-
Cash on Hand
- $201,777
- Gross Margin
- 38%
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 03/22/2021 | Honeycomb | - | $102,321 | Debt | Funded | RegCF |