Golden Coast Mead

Sunshine in a can

Golden Coast Mead

Sunshine in a can

Oceanside, CA
Food & Beverage
Founded in 2010, Golden Coast Mead has always been about protecting the environment it relies on to produce its honey-based meads. Now, Golden Coast is breaking into the $4.4 billion hard seltzer market with its Hard Honey Seltzer. The end of 2020 saw the first release of this new product, which is already on the shelves of more than a dozen locations across Southern California.

$82,970

raised
117
Investors
$7M
Valuation
$2.75
Price per Share
$222.75
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$82,970

raised
117
Investors
$7M
Valuation
$2.75
Price per Share
$222.75
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Golden Coast Mead:

$222+
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.
$250+
Investment
Drinks on the House!
$25 drink credit online and in the tasting room + Access to special promos.
$500+
Investment
Golden Coast Mead Owners’ Bonus
$50 drink credit online and in the tasting room + Bespoke Business Owner Bee Pendant + Access to special promos.
$1,000+
Investment
Colony Member + 10% off for life!
2% Bonus Shares + 10% off tasting room for life + Invite to Grand Opening + 2 Golden Coast Chalices + Access to special promos.
$2,500+
Investment
Hive Society Member
5% Bonus Shares + Invite to Farm to Table Dinner + 15% off tasting room for life + Invite to Grand Opening + 2 Golden Coast Chalices + Access to special promos.
$5,000+
Investment
Apiary Member
10% Bonus Shares + Invite to Farm to Table Dinner + 15% off tasting room for life + Invite to Grand Opening + 2 Golden Coast Chalices + Access to special promos.
$10,000+
Investment
Beekeeper
Custom mead party for 20 people at your location in Southern, CA or our location + 15% Bonus Shares + Invite to Farm to Table Dinner + 15% off tasting room for life + Invite to Grand Opening + 2 Golden Coast Chalices + Access to special promos.

Reasons to Invest

Time tested: Golden Coast Mead has been around for 10 years and has sold over $2.2 million dollars of mead since founding
Burgeoning opportunity: The rapidly growing hard seltzer market was valued at $4.4 billion in 2019 and is projected to reach $6.5 billion by 2024.
Feelgood finances: An investment in Golden Coast is an investment in their commitment to regenerative farming and pollinator protection.

With great respect and care, Golden Coast is bringing mead into the 21st century

When we founded Golden Coast Mead 10 years ago, we decided that making a positive impact was just as important as growing our brand. We also knew that quality products start with quality ingredients.


We’ve never lost sight of these simple philosophies. That’s why every step of the way, we’ve worked to incorporate regenerative farming and pollinator protectors (beekeepers) into our production process. 

Mead is one of the oldest fermented beverages. It even predates beer and wine! Now we’re in a place where we’re ready to take on the next fad, with our responsible, environmentally ethical Golden Coast twist. We’re entering the $4.4 billion global hard seltzer market with a magical new honey-based mead seltzer.


If our lifetime $2.2 million in mead sales is any indication, we think we’ll be hearing it for the bees for a long time to come. 

The Problem


Standard seltzers all seem to be made with the same boring, bad-for-the-environment base

Catering to the healthy drinker, hard seltzers have recently become the belle of the ball, attracting legions of fans across all segments of society. 


Yet for all the billboards and streamed ads selling this version or that of hard seltzer, we believe these brands have become all but indistinguishable, all made from the same environmentally detrimental corn or cane sugar. 

The Solution


Magic in a can, with the essence of thousands of flowers in every sip

For us, it’s all about the honey, honey, and our mission is to light up people's lives and regenerate the earth. Our delicious mead seltzer is gluten-free, preservative-free, cane and corn sugar-free. 

Environmentally friendly mead doesn’t require ripping up nature to produce the sugar source at the base of the alcohol. Our sugar is made by bees, and we attend to our relationship with bees with the utmost respect and care.

The Market


The hard seltzer market is absolutely blooming

In 2019, hard seltzer sales grew more than 220% with the global market being valued at $4.4 billion, even as total beer sales grew less than 1% in the same year. Hard seltzer sales are expected to reach $6.5 billion by 2024.

This boom aligns with recent health-conscious trends, as well as the overall market’s desire for innovation in the alcohol industry and excitement about craft breweries.


We believe this is a meaningful opportunity for investors to not only be a part of a trend but also to treat the earth with equally opportunistic value creation through improved ecosystems.

Our Traction


We’ve already created quite the buzz around our Hard Honey Seltzer

We have been handcrafting our meads in North County, San Diego since 2010. In that time, we’ve created 350+ new recipes and sold more than 200,000 bottles of mead. We’ve closed three separate private fundraising rounds (raised as convertible notes) with more than 38 investors.

In 2020, during the pandemic with over half our revenue streams shut down,we still saw $200,000 overall in sales. Now, after soft-launching our Hard Honey Seltzer at the end of last year, it’s already sold in more than a dozen stores across Southern California. We are confident this is the formula to take Golden Coast Mead to the next level - selling across the Western US and Internationally.


As we expand throughout the U.S., we have secured a contract for an exclusive distributor that will help us successfully launch in chain retail stores (e.g., Whole Foods). Our plan is to do this by Q3 of 2021.

With this raise, we plan to continue expanding our reach in the seltzer market, pushing our products to new accounts, regions, and people who have eagerly been awaiting our arrival!

What We Do


Showing respect for some of the earth’s hardest workers

The average lifespan of a honeybee during the work season is about six weeks. Throughout its lifetime, one bee will make just 1/12 teaspoon of honey. 

Bees work hard, of course, flying around 8 hours per day collecting nectar from 50-100 flowers. Twelve bees spending eight hours a day, seven days a week for six weeks to create just one teaspoon of this valuable golden syrup. Let’s say they work for California minimum wage, $14 per bee-hour. At 4,032 hours, that means the labor alone costs $56,448 per teaspoon.


Now, there are 27 teaspoons of honey in a 355ml can of our Hard Honey Seltzer. Delicate work in each can.


So how valuable is this delicate producer for our life as stewards of the landscapes? Priceless.

That’s why we take our work so seriously. And now we’re taking our values around protecting the environment—and the bees who serve it—even further as we work to start an organic “Honey Bee Sanctuary” in California.


Because ultimately, we believe that by building up the mead industry, we can create more demand for high-quality, ecologically responsible honey that will help regenerate the beekeeping industry. 

The Business Model


A healthy diversification of revenue, ranging from our very own tasting room to sales at national grocery chains

We intend to sell our Hard Honey Seltzer to popular off-premise locations, such as grocery stores including Whole Foods and Sprouts, as well as on-premises locations (i.e., local restaurants and bars).

How We Are Different


We don’t just take from the earth; we also give back

Our industry competitors use fermentable sugars from corn, cane sugar, and grain, a commercially mass-produced monoculture taken from the earth over and over without ever giving anything back.


Our seltzers’ fermentable sugar is organic honey: the essence of thousands of flowers in a single sip. This alternative to environmentally damaging monoculture sugar is not only regenerative and increases biodiversity: to make more mead, all you need is more bees visiting more biodiverse flowering ecosystems.

The Vision


Blossoming into a global phenomenon celebrating—and protecting—local flavors

In three years, we hope to find ourselves deeply rooted in on- and off-premise locations throughout both the West and East Coasts. 

As we expand, we intend to continue using hyperlocal ingredients—honey born of flowers and botanicals to create flavors that reflect unique geo locations around the world. We truly believe we are only at the beginning of the flavors and products we can offer.

In the future, we also hope to have an entire estate with a full floral and fruit garden for a tasting room, restaurant, and events, in addition to a world-class production site.

OUR LEADERSHIP


We have the technical skills and business know-how to propel Golden Coast forward-- with a rad-attitude to match

Golden Coast Mead Founder and former Naval Officer Frank Golbeck has more than 15 years of experience making the finest meads with the finest ingredients.


 CEO Andrew Maffey has spent 10+ years in organizational leadership and is a seasoned hand with High Growth CPG experience. For example, as the Director of Business Operations and Development at Boochcraft Hard Kombucha, he facilitated 2x growth in revenue and a $5 million raise.

Why Invest


Be part of our ecosystem as we reinvest in the environment

Do it for the bees. Or do it for the mead. Whatever the reason you choose to invest in Golden Coast Mead, though, know that you’re contributing to something larger than a seltzer.

In the Press

National Honey Board

The National Honey Board is proud to announce the Honey20, a list of made with honey alcoholic beverages that have impacted our drinking experiences for the last 200+ years.

USA Wine Ratings

Gold Medal 2020 - 93 Points. Golden Coast Mead, Something Something Sour Mead

West Coaster Beverage News

San Diego Mead Makers - Golden Coast Mead: Oceanside (Est. 2010)

Craft Beer & Brewing

Breakout Brewer: Golden Coast Mead

Thrillist

This ancient booze is now growing faster than US craft beer

USA Today 10 Best

Need for Mead: For some of the country's best, go west

Offering Summary


Company

:

Golden Coast Mead, Inc.

Corporate Address

:

4089 Oceanside Blvd. Suite H, Oceanside, CA 92056

Offering Minimum

:

$9,999.00

Offering Maximum

:

$1,069,997.50

Minimum Investment Amount

(per investor)

:

$137.50











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

3,636

Maximum Number of Shares Offered

:

389,090

Price per Share

:

$2.75

Pre-Money Valuation

:

$6,995,131.00











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.

Investment Incentives and Bonuses*

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

Time-Based:

Friends and Family Early Birds

Invest within the first 48 hours and receive additional 20% Bonus Shares.

Super Early Bird Bonus

Invest within the first week and receive additional 15% Bonus Shares.

Early Bird Bonus

Invest within the first two weeks and receive an additional 10% Bonus Shares.

 

Amount-Based:

$250+ |Drinks on the House!

$25 drink credit online and in the tasting room + Access to special promos.

$500+ | Golden Coast Mead Owners’ Bonus

$50 drink credit online and in the tasting room + Bespoke Business Owner Bee Pendant + Access to special promos.

$1000+ | Colony Member + 10% off for life!

2% bonus shares + 10% off tasting room for life + Invite to Grand Opening + 2 Golden Coast Chalices + Access to special promos. 

$2,500+ | Hive Society Member

5% bonus shares + Invite to Farm to Table Dinner + 15% off tasting room for life + Invite to Grand Opening + 2 Golden Coast Chalices + Access to special promos.

$5,000+ | Apiary Member

10% bonus shares + Invite to Farm to Table Dinner + 15% off tasting room for life + Invite to Grand Opening + 2 Golden Coast Chalices + Access to special promos.

$10,000+ | Beekeeper

Custom mead party for 20 people at your location in Southern, CA or our location + 15% Bonus Shares + Invite to Farm to Table Dinner + 15% off tasting room for life + Invite to Grand Opening + 2 Golden Coast Chalices + Access to special promos. Cost of mead and staffing not to exceed $1,000.

*All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Golden Coast Mead, 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 $2.75 / share, you will receive 10 additional shares of Common Stock, meaning you'll own 110 shares for $275. 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 cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$76,708.00 USD
$90,973.00 USD
Cash And Cash Equivalents
$7,245.00 USD
$638.00 USD
Accounts Receivable
$418.00 USD
$12,483.00 USD
Short Term Debt
$95,152.00 USD
$132,165.00 USD
Long Term Debt
$332,160.00 USD
$226,382.00 USD
Revenues And Sales
$222,163.00 USD
$278,453.00 USD
Costs Of Goods Sold
$36,756.00 USD
$53,867.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$51,254.00 USD
-$163,761.00 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

Team Members Who Show Up 🐝

2 days ago

That's right, every weekend, we have team members who wake up at dawn to head down and set up our fan favorite farmers market stand. This week is National #FarmersMarketWeek and we are focusing our growth & support towards the world class customer service and sales they do. 

For example, our sales data shows that our Farmers Market locations are where most people try mead for the first time, before heading into our tasting room or buying our products online. It really is a way to show how #hyperlocal our efforts in these markets mean for accomplishing our mission for our stakeholders.

So head outside and support your local farmers & makers at the local markets. You can find Golden Coast Mead and Made Mead at:

- Wednesday 4-8PM Ocean Beach Farmers Market 4900 Newport Ave, San Diego, CA 92107 

- Saturday 8am-12pm Vista Farmers Market 325 S Melrose Dr, Vista, CA 92081 

- Saturday 8am-1pm Poway Farmers Market 14134 Midland Road, Poway, CA 92064 

- Sunday 9am-2pm Hillcrest Farmers Market  3960 Normal St #3960, San Diego, CA 92103 

Cheers to Celebrating Regeneratively!



Summer and Mead is Heating Up

8 days ago

Rocking and Rolling:

- We are now over 100 investors!

- We are now over 65 accounts!

- We have successful new labels on the World's First Hard Honey Seltzer!

The heat of summer is here, and we just have one question for you this afternoon, from one of our new fully stocked accounts:


We just had to get this update out to share with you all the excitement around Celebrating Regeneratively!

Stay tuned for the highlight and campaign video 🥂🐝🍯👍 

-GCM

9000 Followers Now on Instagram, and GCM is a Finalist on Food Funded!

15 days ago

Thank You. Thank You. Thank You. #9000strong

Now after that milestone for Golden Coast Mead, Founder Frank is currently pushing his speaking skills as our business trajectory is attracting investors from all around to join you and this StartEngine campaign!

Next up is to perform well among the Finalists for Sustainable Food/Beverages the 2021 summit.

If you haven't yet, feel encouraged to follow us over at Instagram/Facebook for continued content and news updates.

Also, to get even more exclusive updates, content, and unique Meads, join our Monthly Mead Members Club!


Stay tuned as we are developing a campaign video and hive highlight 🥂🐝🍯👍

Partnerships For Growth 💪

23 days ago

#Serveitup

Our Sales and 'Cross-Pollinations' Team sure has been busy with all of our latest product. What we have found is The best way for people to know about our ridiculously good Mead & Hard Honey Seltzers, is to make sure they get a taste!

Our Team, with foresight, was able to land a pretty sweet (pun intended) deal with our latest restaurant partnership with a San Diego County premier pizzeria chain, with 8 restaurants across the county. They invited us as their exclusive specialty wine vendor, under our Golden Coast Mead brand,  and  their exclusive seltzer vendor, under our Made Mead Hard Honey Seltzer brand.

We had a line like in the video all day long full of people exploring our funky-fun downtown San Diego Little Italy district. The event was a 'Taste of Little Italy' where the city could come and get a taste of what is serving. Not only did we have Mead there, we are also now the first Meadery where you can call in to have pizza and mead delivered together :)  People are loving it.

Stay tuned.. now that the world is opening back up, feel encouraged get all your rest, fill up on water & nutrients, and then head outside to your nearest #outdoors events and #supportlocal ! Seriously. Demand for Mead only grows whenever you as for it! Cheers!

Celebrate Regeneratively,
- Golden Coast Mead.

Behind the Scenes: Pushing Production for the long Holiday Weekend!

29 days ago


That's right - This is the machine that is bringing another fresh batch of Made Mead to the people! 


We spent the last week celebrating three very important milestones:

- Completion of a 20,000x Hard Honey Seltzer Can production run. This order fills an order as a fresh batch of each of our our innovative Hard Honey Seltzer flavors: Sweet, Sour, and Dry. 🍯 🍯 🍯 

- A launch with a local restaurant chain with 8 locations, as their exclusive Seltzer & Mead vendor 🍻🍻🍻 

- Celebrating our 10th Anniversary Party with all our local investors and patrons 🍾🍾 🍾  


We will be back on the campaign trail as we march our way over our next milestone, $100K invested!

Stay tuned for our next update surrounding exciting growth of our team.


PS. You can view all of our expanding accounts on our 'Where To Buy Mead Map' on our website or order from us directly for any upcoming events you might have!

Notice of Funds Disbursement

about 1 month ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Golden Coast Mead has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Golden Coast Mead be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Amazing First Week Start & Huge Thank You from the Golden Coast Mead Team !

about 2 months ago

We want to thank all of our early investors and followers who have helped us earn a spot on the StartEngine homepage as a company with momentum in their 'New' category.

We are humbled by all of the positive feedback we are receiving and truly appreciate all of your support.

Stay tuned for some behind the scenes updates!

Next week we are scheduled to can over 20,000 cans to fill our next round of orders of our sold out Hard Honey Seltzers 🐝🍯☀️ 

Here we go - Campaign Welcome!

about 2 months ago

Have you heard the latest buzz? We are LIVE on the world class StartEngine investment platform!

First we want to say thank you to our early investors. It seems a lot of you are repeat investors from raise no. 1, so to you we say, welcome back! 

10+ Years and more than 10,000 hours have gotten us this far. With your help, we will be able to grow this delightful and surprising beverage into an international regenerative powerhouse.

To everyone who has joined our team, we look forward to working with you here in the near term! With a practice of transparency and excitement, we will communicate with you all in this update section as we continue to hit different milestones in our growth as a Company. 

Please feel encouraged to invest in communication with us until you receive all the answers to the questions you may have. We are a busy hive yet certainly we will do our best to respond as soon as possible.

PS. There are early investor bonuses on this campaign. Take a quick breath to see if not you, then who would benefit from taking advantage of this opportunity!

Cheers! 

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