Fast Penny Spirits

American-Made Amaro

Fast Penny Spirits

American-Made Amaro

Seattle, WA
Food & Beverage
Fast Penny Spirits is a Seattle-based distillery that specializes in producing high-quality amaro using organic and wild-crafted ingredients under the Amaricano brand. Our woman-owned, women-led brand blends the founder’s Italian heritage with flavors and ingredients of the Pacific Northwest to create a complex yet easy to drink aperitif and digestif.

$81,872

raised
47
Investors
$10M
Valuation
$2.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$81,872

raised
47
Investors
$10M
Valuation
$2.00
Price per Share
$250.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Stack Owner's Bonus & Rewards!

Members get an extra 10% shares in addition to rewards below!

Rewards

Get rewarded for investing more into Fast Penny Spirits:

$250+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Fiori - $500+
Hat & stickers, 10% discount off amari for the first year.
$1,000+
Investment
Ruby - $1000+
Hat & stickers, 10% discount off amari for the first year, VIP Tour for up to 10 people.
$2,500+
Investment
Inga - $2500+
Hat & stickers, Nick & Nora glasses, 10% discount off amari for the first year, VIP Tour for up to 10 people.
$5,000+
Investment
Indigo - $5000+
Hat & stickers, Nick & Nora glasses, 10% discount off amari for the first year, VIP Tour for up to 10 people, 15% off Veloce Society membership for a year.
$10,000+
Investment
Centime - $10,000+
Hat & stickers, Nick & Nora glasses, 15% discount off amari for the first year, VIP Tour for up to 10 people, 20% off Veloce Society membership for a year.
$25,000+
Investment
Veloce - $25,000+
Hat & stickers, Nick & Nora glasses, 20% discount off amari for the first year, VIP Tour for up to 10 people, 20% off Veloce Society membership for a year.

Reasons to Invest

Fast Penny Spirits commits to sustainable food systems, environmental practices, and empowering women & communities, earning us an official certification as a B-Corporation™.
The craft spirits category is estimated to grow to a market size of $36B by 2025.*
Fast Penny Spirits amari have been highly awarded since their July 2020 launch, recently winning Double Gold at the 2022 Women's Wine & Spirits Awards, Gold at the 2022 Denver and San Francisco International Spirits competitions, and placing in the Top 100 Spirits of 2021 by Wine Enthusiast.

*Market statistics provided by Cision PR Newswire (source)

Sip Socially, Give Back Locally

Fast Penny Spirits is changing the way we drink. We are a woman-founded, women-led distillery based out of Seattle, Washington that is dedicated to community, sustainability, and bringing delicious amari to everyday celebrations.


Marrying tradition and innovation, our high-quality amari fuses the heart of Italy and the taste of the Pacific Northwest. Each of our captivating spirits is blended with over 45 organic, sustainably-sourced ingredients and botanicals, perfect for sipping neat, enjoying over ice, or swirling into your favorite cocktail.



Yet, crafting superior amari isn't our only pursuit. With our Pretty Penny Program, Fast Penny pays forward 3% of all bottle sales to nonprofits who empower women, female-identifying, and non-binary business leaders.


Fast Penny is an investment opportunity with a purpose. Together, let’s drink better while doing good.

The Problem


Today's Liquor Production Environment Needs More Progress Towards Sustainability and Gender Parity

Nearly 75% of consumers today demand the businesses they shop from to be socially responsible (source). Customers are keenly aware of what they put in their bodies when they dine, meaning the quality of ingredients and methods with which they are sourced is of growing importance. The systems associated with spirits date back to the repeal of prohibition, and now is the time to bring the industry along towards a more sustainable future. 


(source)


Fast Penny Spirits is also committed to closing the gender gap in liquor production. Creative industries like ours deserve diverse perspectives, which is why Fast Penny Spirits is dedicated to making great liquor while supporting women, female-identifying, and non-binary business leaders.


 



The Solution


A West Coast Take on an Italian Classic

Inspired by Italian tradition, Fast Penny’s amari balances rich and herbaceous tones for a breathtakingly bold experience. A base of upcycled grape spirit and over 45 organic and wild-crafted botanicals harmonize to a rich, beautifully complex spirit. This mingling of flavors stem from ingredients which are sustainably sourced both from local sellers in the Pacific Northwest and a small list of trusted vendors.



We produce our liqueur with West Coast wine spirit before adding cocoa nibs, Rainier cherries, Yakima hops, locally foraged truffles, and a bevy of botanicals. Our amari are then aged in large wooden casks called “foeders” in homage to the Italian style. 


From shipping in eco-friendly packaging, to reducing overall waste, sustainability is top of mind in everything we do - even down to our recipes. Amaricano begins with an upcycled grape spirit to lower water waste and our carbon footprint without sacrificing quality.



Our flagship Amaricano has notes of truffle, vanilla bean, and Mexican chocolate with a savory finish. Our aperitivo, Amaricano Bianco, has a complex palate of candied lemon, saffron, apricot, and chamomile before ending with a satisfying tart green finish.



Fast Penny generates revenue through bottle sales in the eight states where sales teams exist, online eCommerce, and direct-to-customer sales. Fast Penny Spirits also holds private tours & events with local partners, where we sell in-person through the Bottle Shop and Tasting Deck.




The Market


Spirits for the Conscious Consumer

The craft spirit market is estimated to grow to a market size of $36 billion by 2025 (source) and Fast Penny Spirits believes we can carve out our spot amongst the industry with our expertly crafted amari and our conscientious business approach. Our typical customers have a higher-than-average spending power and look to support companies whose values they align with, so we continually seek to deliver unique, premium products without losing focus on our mission. 


(source)


Every step of our production process incorporates sustainable practices. We use recycled glass bottles and reclaimed corks, support local farms, use eco-friendly packaging, and only source enough ingredients for our batches. Taking all of these thoughtful steps isn’t easy, however, we have maintained corporate responsibility since the beginning of our company and plan to carry on that commitment.


Our focus on sustainability extends to the community through our Pretty Penny give-back program. As part of our commitment to impacting the greater good, Fast Penny pays forward 3% of all bottle sales to nonprofits to empower women-identifying business leaders, communities, and the industry.



This commitment to our values has earned us an official certification as a B-Corporation™, a community we’re proud to be a part of during a time where many consumers feel businesses struggle to do enough (source). Today's currency is authenticity, transparency, and vocal support on meaningful topics (source), all of which we feel sits at the core of the Fast Penny Spirits brand.

Our Traction


Strong Sales, Award-Winning Amaro

Despite launching during the pandemic and experiencing its lingering effects, we believe Fast Penny Spirits has proven itself a hit. In 2021, our first full year of business, we delivered over $350,000 in sales and have grown the distribution of our spirits to eight states, with direct shipping to 30 states. 


To develop a deeper sense of community among our drinkers, we created the Veloce Society. This premium club elevates at-home cocktailing, entertaining, and gifting with fun recipes, interesting collaborations, and other fantastic perks for members.



On the social side of our business, Fast Penny Spirits has secured partnerships with leading women’s organizations such as Women Who Whiskey, Women’s Cocktail Club, Female Founders Club, Wonder Women Dinners, WMarketplace, Lady Sweat, Vital Voices, and more.  


As if those accomplishments weren’t enough, our Amaricano won Double Gold at the 2022 Women's Wine & Spirits Awards, Gold at the 2022 Denver International Spirits competition and 2021 San Francisco World Spirits Awards, and placing in the Top 100 Spirits of 2021 by Wine Enthusiast.

Why Invest


Together, Let’s Drink Better While Doing Good

Fast Penny Spirits is stirring up change. We believe we have been able to prove that businesses can make a positive impact socially and still be successfulOur spirits are an extension of our ethos, and the impeccable quality they offer can only be produced by using a selection of the best ingredients possible. 


Above all else, investors can be confident knowing that by investing in Fast Penny Spirits, they are doing their part to amplify female-identifying voices and help grow sustainability efforts within the industry. 


Fast Penny believes we for-profit companies must do their part to strengthen the communities they serve. Help us make a positive impact and become a shareholder in Fast Penny Spirits today.




Offering Summary


Company

:

Fast Penny Spirits, Inc

Corporate Address

:

1138 W Ewing St, Suite B, Seattle, WA 98119

Offering Minimum

:

$10,000.00

Offering Maximum

:

$1,070,000.00

Minimum Investment Amount

(per investor)

:

$250.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

5,000

Maximum Number of Shares Offered

:

535,000

Price per Share

:

$2.00

Pre-Money Valuation

:

$10,000,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Company Incentives and Bonuses*

Time-based perks

Friends and Family Early Birds

Invest within the first 72 hours and receive 15% bonus shares.

Super Early Bird Bonus

Invest within the first week and receive 10% bonus shares

Early Bird Bonus

Invest within the first two weeks and receive 5% bonus shares.

Amount-based perks

Fiori - $500+

Hat & stickers, 10% discount off amari for the first year.

Ruby - $1000+

Hat & stickers, 10% discount off amari for the first year, VIP Tour for up to 10 people.

Inga - $2500+

Hat & stickers, Nick & Nora glasses, 10% discount off amari for the first year, VIP Tour for up to 10 people.

Indigo - $5000+

Hat & stickers, Nick & Nora glasses, 10% discount off amari for the first year, VIP Tour for up to 10 people, 15% off Veloce Society membership for a year

Centime - $10,000+

Hat & stickers, Nick & Nora glasses, 15% discount off amari for the first year, VIP Tour for up to 10 people, 20% off Veloce Society membership for a year

Veloce - $25,000+

Hat & stickers, Nick & Nora glasses, 20% discount off amari for the first year, VIP Tour for up to 10 people, 20% off Veloce Society membership for a year

*Stacking perks only applies to the Owner's Bonus perk and Previous Backer perks. Time-based and Amount-based perks do not stack on top of each other, rather, the issuer will receive the greater of the two bonuses if they qualify for both.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Fast Penny Spirits, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $2.00 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $200. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Insider Investment Notice

Officers, directors, executives, and existing owners with a controlling stake in the company (or their immediate family members) may make investments in this offering. Any such investments will be included in the raised amount reflected on the campaign page.

The Company will not incur any irregular use of proceeds.


Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$739,715.00 USD
$649,982.00 USD
Cash And Cash Equivalents
$546,463.00 USD
$479,104.00 USD
Accounts Receivable
$1,240.00 USD
$7,355.00 USD
Short Term Debt
$48,347.00 USD
$22,945.00 USD
Long Term Debt
$940,000.00 USD
$500,000.00 USD
Revenues And Sales
$379,701.00 USD
$82,110.00 USD
Costs Of Goods Sold
$59,656.00 USD
$21,952.00 USD
Taxes Paid
$78,362.45 USD
$15,920.16 USD
Net Income
-$375,669.00 USD
-$208,126.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Cheers from Portland | Campaign Progress | Invest Now

5 days ago

Cheers Amaro Lovers!

I am in Portland, OR this week to pour Amaricano and Amaricano Bianca tastings, meet with new and current accounts, and share wonderful meals with Fast Penny Spirits supporters. Yesterday, we did a tasting at Sip City Wine and Beer, the "place for good times." I will share more updates from Portland soon.

I'm thrilled with our Start Engine campaign progress - we have surpassed $80K! Help us get to $100K and become an owner today. Our distribution and sales are growing, and now is the perfect time to invest.

Cheers!

Jamie


Our Community Joins In! | Insider Investment Notice

5 days ago

We're excited to see our Fast Penny Spirits community join our campaign and invest in our future growth! An Insider has invested $2,500 and we hope you're ready to join as well. Now is the ideal time to invest in Fast Penny Spirits, starting at $250.

Cheers!

Jamie

Amaricano Bianca WINS at Tales of the Cocktail!

13 days ago

Good News Alert! Amaricano Bianca WINS 2022 Liqueur of the Year! 

I am thrilled to announce that Amaricano Bianca won a prestigious award from the New Orleans Spirits Competition and Tales of the Cocktail Foundation. We accepted the award this afternoon and poured neat samples for many experts in the spirits industry. Tales of the Cocktail was buzzing with accolades for our amari - what a wonderful way to close out the week in New Orleans!

More good news! Fast Penny Spirits has raised over $77K thus far! A big thank you to our investors. Now is the time to become an owner.

Cheers!

-Jamie

Cheers from New Orleans!

18 days ago

Hello Fast Penny Spirits Community,

We are excited to share that Fast Penny Spirits is in New Orleans this week for Tales of the Cocktail. While we're here, we are meeting with our distribution partner and visiting the incredible bars and restaurants that carry our Amaricano and Amaricano Bianca. These fine establishments include The Chloe, Hot Tin, Le Chat Noir, Jewel of the South, and Lilette. Last night, we hosted an evening of craft cocktails at Loa Bar to introduce Fast Penny Spirits and our amari to more professionals in the hospitality industry. We have received an incredible reception and look forward to expanding our presence in New Orleans and beyond!

We are proud to have raised over $50K so far! This is an ideal time to invest in Fast Penny Spirit and become an owner as our brand grows!

-Jamie

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