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GET A PIECE OF BAINBRIDGE DISTILLERS
Traditionally-Crafted Organic Spirits
Bainbridge Organic Distillers is a family-owned spirits distillery which has been in operation since 2009. Located on Bainbridge Island in the heart of Puget Sound, we have created a portfolio of award-winning USDA Certified Organic craft spirits that use farm-grown grains, matured to perfection in the unique maritime climate of the Washington coast.
$280,308.40 Raised
REASONS TO INVEST
Bainbridge Organic Distillers takes the process of crafting spirits to the next level. Our 100% raw organic ingredients are sourced regionally, then milled and distilled on-site, where saltwater air and maritime microclimate imparts the unique character of Bainbridge Island.
The market for spirits is evergreen, with the niche of craft spirits in particular outpacing the alternatives. Craft spirits experienced a volume gain of 8% in 2020, while the non-craft sector grew by only 5%. By 2025, this gap is poised to expand even more as the craft spirits industry is predicting a 21% CAGR, compared to an estimated 4% growth for non-craft products.*
Founded by a master distiller with over 35 years of experience marketing the world's most recognized spirit brands, Bainbridge Organic Distillers has assembled a team of experts aged in the industry. Their dedication to craftsmanship, combined with Bainbridge’s grain-to-glass approach has quickly garnered worldwide attention and recognition, including numerous international awards.
*Market information provided by Forbes (source)
Craft Spirits Steeped in Tradition
Born out of our desire to design premium products according to old-school methodologies, Bainbridge Organic is a craft spirits distillery inspired by tradition as much as taste.
Rather than rely on the latest manufacturing technology or marketing gimmicks to build our brand, Bainbridge has chosen to focus on creating top-shelf spirits that appeal to aficionados. As a result of our efforts, each of our whiskey, gin, and vodka formulas expresses its own unique homegrown character, and features a rare taste profile harkening to a bygone era.
The Problem & Our Solution
They Just Don’t Make Spirits Like They Used To — But We Do
The whiskey and spirits market is saturated with infinite options ranging from small bespoke brands to trendy celebrity-owned operations. However, in the race to corner market share, our perception is that many companies have lost touch with the art of crafting a quality product. As a result, many of today’s popular spirits are being produced on a contract basis by anonymous bulk distilleries.
As an antidote to much of the noise and haste that is currently cluttering the industry, Bainbridge Organic Distillers has chosen to take the production of spirits back to its roots. Our small-batch grain-to-glass process is one of traditional craftsmanship, combining organic ingredients and nostalgic methods from the turn of the last century.
Our wheat grain is grown from specially-sourced seeds that were selectively bred over 50 years ago and archived by local agriculture colleges. We also use simple, natural yeasts and enzymes from a time before genetic and synthetic engineering. Bainbridge eschews any quick process techniques, knowing that there is no substitute for slow aging. Our spirits are allowed to mature in due time, at the discretion of our master distiller.
The Market & Our Traction
From Grain-to-Glass, To First-in-Class
Bainbridge’s primary product - whiskey - is a key player in the American craft spirits scene, commanding more than a third of the market share at 36%. However, despite its popularity, we believe that we’re one of few brands devoting the time and attention to creating an organic product for true connoisseurs. Collectively, our six organic whiskies have received dozens of awards for their taste and quality at the international competition level, and our gin and vodka products have been similarly recognized.
In addition to our multi-state distribution, Bainbridge Organic Distillers has recently secured placement of core products in California Safeway locations, starting with the Northern California market in 2022, with planned expansions into Southern California in 2023. Given that California ranks #1 in the nation for alcohol sales, we expect that this partnership could effectively double sales for our brand.
Why Invest
Let’s Toast to The Future Together
After nearly 13 years in business, and a track record of success and prestige in the industry, Bainbridge Organic Distillers has cultivated important trade relationships and earned the reputation of being a dynamic, award-winning brand. Having laid the foundation with our accomplishments, we believe that the time to expand production, distribution, and market visibility is now.
With this in mind, we are looking for enthusiast investors to help us increase our capacity, meet consumer demand, and introduce even more world-class craft spirit products. Be part of the Bainbridge family by investing with us today.
THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.
ABOUT
HEADQUARTERS
9727 Coppertop Loop NE STE 101
Bainbridge Island, WA 98110
WEBSITE
View Site
Bainbridge Organic Distillers is a family-owned spirits distillery which has been in operation since 2009. Located on Bainbridge Island in the heart of Puget Sound, we have created a portfolio of award-winning USDA Certified Organic craft spirits that use farm-grown grains, matured to perfection in the unique maritime climate of the Washington coast.
TEAM
Keith Barnes
President, Chief Operating Officer
Keith Barnes is the Founder, President and Master Distiller of Bainbridge Organic Distillers, Founded in 2008 and beginning operations in 2009. Bainbridge Organic Distillers is the first USDA Certified Organic distillery in Washington state, and one of a very small number of completely organic distillery operations world-wide. Keith is responsible for the development of the Bainbridge Distiller’s product line and branding which includes several whiskies that continue to earn the title “World’s Best” in the most prestigious international spirits competitions. Bainbridge Organic Distillers Yama Mizunara Cask Whiskey has won the title Best American Grain Whiskey 5 times and been named Craft Whiskey Of The Year by Whiskey Advocate Magazine. The distillery’s Battle Point line has been named World’s Best Wheat Whiskey 6 times its vodka has been named World’s Best Vodka twice.
Keith Barnes is also a working and founding partner of Motive Marketing Group, established in 2003, working exclusively with spirits, wine and beer producers, marketers and retailers. Motive specializes in branding, in-store marketing, packaging, display and shopper marketing for spirits and beverage alcohol, the company’s clients include some of the world’s top 10 Spirits Companies, such as Pernod Ricard, William Grant & Sons, 5th Generation (Tito’s), William Grant & Sons, Bacardi, Moët Hennessy, Brown Forman, more than other 100 leading and smaller brands, national spirits distributors and retail chains.
Prior to his role at Motive Keith Barnes was a founding partner, Creative Director and Strategic Director at Now Corporation. The company, founded in 1996, specialized in branding and marketing at retail, and shopper marketing. Keith headed Now Corporation’s beverage alcohol division which included clients Diageo, Allied Domecq, Seagram’s and Southern Wine & Spirits. Now Corporation was formed by a merger of Barnes & Associates and the company PrintSource. Now Corporation was the progenitor of Motive Marketing Group.
In 1986 Keith Barnes founded Barnes & Associates, a full-service advertising agency focusing on consumer goods. It was here that Keith gained his first experience in beverage and beverage alcohol marketing working for Seagram’s, Portland Brewing Company, Canadian Glacier Water, Winterbrook Beverage Group (now National Beverage Corp), Bookwalter Winery, Thomas Kemper Brewing Company and Thomas Kemper Soda Company.
Kimberley Stanley
CFO
Following Escoffier Kim formed a start-up called Veraki. Veraki was a personal growth app intended to teach users mindfulness tools as part of their daily routines.
After Veraki, Kim went back to her roots of finance and accounting as a consulting CFO for business in various stages of growth. She is able to leverage her start-up experience along with her other finance and operations experiences to partner with companies as they seek to grow and expand their operations.
Mike Mouvet
Board Member
FPS is solely owned by Casa Lumbre which has success stories including Milagro Tequila developed for William Grant & Sons, Blackened Whiskey developed for the band Metallica, Avion Tequila developed for Pernod Ricard and Teremana Tequila developed for Dwayne Johnson. Mike is Sales Director at FPS, responsible for navigating a growing list of a-List celebrities and international spirits companies through the complex processes of brand innovation, product design and formulation, packaging and production, go to market strategies and distribution management.
Prior to his role at FPS Mike was Vice President National Accounts for independent global spirits producer William Grant & Sons US operation 2006 -2020. Mike used his deep skill set in market planning, customer experience, training and development and due diligence to strengthen business relationships and develop new sales opportunities and initiatives with key company accounts comprising the largest spirits retailers in the US, Walmart, Target, Costco, Total Wine & More, Kroger, BevMo! and many others.
Prior to that Mike held the position of Vice President Corporate Off Premise for Allied Domecq Spirits & Wine North America 2003-2006, the British-based spirits and wine company. Mike worked with key national accounts and anchor distributors to establish Allied Domecq as their "First Choice Supplier" in the category of flavored spirits which included Stoli's flavored portfolio, and the creation and introduction of the innovative Malibu Rum brand which essentially created the flavored rum category.
Terry Lucchesi
Board Member
Prior to his current position Terry was Director of Sales and Merchandising for Grocery Outlet between 2010 and 2014, where he created relationships with Owner-Operators in creation and implementation of best practices to meet corporate and Owner-Operator goals, managed multiple store regions, and collaborated in the creation of new marketing, merchandising, and cost reduction initiatives.
Between 1999 and 2010 Terry during his tenure with Safeway Inc., Terry advanced rapidly as Director of Alcoholic Beverages 1999-2002, Corporate Director of Alcoholic Beverages 2002-2006, Corporate Director of Seafood 2006-2008, and Director of Lifestyle and Concept Development 2008-2010.
This deep and varied experience set coupled with his positive outlook and can-do attitude has allowed Terry to create success for customers, producers, distributors, suppliers and his own retail operation, building on past success and always striving to take it to the next level.
Shane Cook
Board Member
Between 2019-2021 Shane was National Sales Manager - Spirits for Foley Family Vineyards. Shane directed sales teams in all channels while focusing on distributor management in the development of business plans for the Horse Soldier Bourbon brand. Shane led the pre-planning/budgeting for Foley of Horse Soldier activities in all markets, including volume planning, spending initiatives, and objectives while ensuring senior distributor management commitment to the brand's goals and initiatives.
At William Grant & Sons between 2010-2019 Shane experienced accelerated growth starting as District Manager California Chains in 2010, promoted to National Accounts Manager, Off-Premise West Chains in 2011, then promoted to Region Manager California and Hawaii in 2016. There he worked with sales teams in all channels, oversaw distributor management, lead pre-planning and budgeting of all WGS activity in the market including volume planning, spending initiatives, Maintain and analyzed Region performance in order to ensure WGS goals are achieved.
Between 2003-2010 Shane advanced through positions at Young's Market Company, Starting as Sales Representative/Merchandiser in 2003, advancing to District Manager South Orange County in 2005, Field Manager of Orange and San Diego Counties in 2006, Director of Merchandising Southern California in 2008 and Account Executive Southern California Chains in 2009.
TERMS
Bainbridge Distillers
Overview
PRICE PER SHARE
$4.32
DEADLINE
Feb. 17, 2023 at 7:59 AM UTC
VALUATION
$25.92M
FUNDING GOAL
$10k - $1.07M
Breakdown
MIN INVESTMENT
$246.24
MAX INVESTMENT
$1,069,999.20
MIN NUMBER OF SHARES OFFERED
2,314
MAX NUMBER OF SHARES OFFERED
247,685
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
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.
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Time-Based Bonuses
First Week:
15% Bonus Shares
Second Week:
10% Bonus Shares
Next Two Weeks:
5% Bonus
Amount-Based Perks
Invest $750
Invitation to a quarterly phone call and annual meeting (online).
Invest $2,500
Lifetime 10% discount on all purchases from Bainbridge merchandise, not including taxes and shipping fees + Each item from the previous perk tier.
Invest $5,000
Lifetime of tastings for you and up to 3 guests of our core line of spirits in our tasting room + Each item from previous perk tiers.
Invest $10,000
One week early access to all special releases + Each item from previous perk tiers.
Invest $25,000
Participation in the selection of a single cask of whiskey to be bottled and sold to the public as Shareholders Select + Each item from previous perk tiers.
Invest $50,000
Spend a day with our President and Master Distiller, including lunch (or dinner) + Each item from previous perk tiers.
Invest $100,000
Receive an invitation to join our board of advisors + Each item from previous perk tiers.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
Bainbridge 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 at $4.32 / share, you will receive 110 shares Common Stock, meaning you'll own 110 shares for $432. 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.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
PRESS
ALL UPDATES
REWARDS
10%
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
Owner’s Bonus
Owner’s Bonus Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
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Kyle Putnam
10 months ago
Keith, do you have current financials for 2022 other than what was posted to the SEC? Full income statement, balance sheet etc.? Or am I just not seeing them? Given that you're holding the loan, is there any debt expense associated with that? Is there a repayment plan other than eventual liquidation one way or another? Does that loan actually reflect an actual legal liability? I get why your accountants had you set it up like that as an single-owner LLC but am wondering if that's really the best way for your pre-exisiting capital expenditures to be measured now that you're issuing stock. Best wishes, Kyle
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Stephen Butler
10 months ago
these start up distilleries just don't get it. If I invest, I want a free (minimum 700 ml) bottle of the product shipped to my home.
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Javier Gutierrez
10 months ago
Hi, do you have financial statements to share? Also, do you have a detailed projection model? Thanks
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Brad Griffith
a year ago
Just bought some Yama - very excited to try it out. Love the award winning progress so far. Congrats on the Safeway deal. Seems like a great path for growth. How much do you sell to them for vs retail? How much do they sell it to customers for? Any volume estimates? Thanks!
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Scott Lasalle
a year ago
Thanks for the details and best wishes. A few questions - I see in your PDF that the company has $3 million debt, and showed a $200k loss for last year (after 13 years), $85k went to pay yourself. The company has been an LLC until recently (?) converted to a C-corp with one shareholder? When do you see profitability given recent losses, and when or how do you anticipate sufficient revenue to cover the loan obligation? What is the exit plan? Given that investors sign a proxy agreement irrevocably assigning their votes to the CEO, it seems that none of the common shares owners will actually have a voice. Is that correct? I see planned sales to Safeway in California for Q4 2022, has that occurred? Again, best wishes and thanks for clarifications.
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James McManus
a year ago
Yama is one of my top 3 favorite whiskeys on the market today and one of the best IMO. It alone should do very well in a wider distribution. However, I also wonder about a return on investment. Will this raise alone help you to achieve what is needed?
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Benjamin Brower
a year ago
Hi Keith. I love your product and your company. Since I moved to Bainbridge Island 10 years ago, I've bought many, many dozens of bottles of Battle Point Whiskey, for gifts as well as for personal use. There's no doubt in my mind your organization and process are worthy of all the awards. (To those readers who haven't tried it yet: it's so damn good.) I believe your expansion plans will be executed with same level of care, and I love the idea of buying a small ownership stake in my favorite local company before it goes big. The only thing I worry about this as an investment opportunity is StartEngine. Could you say a few words to those of us who love your product but don't know anything about this platform? How specifically do you see us getting our investment back - and hopefully a little more - in 5, 10, 20 years via StartEngine? What happens if StartEngine doesn't last that long?
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William M Lehman
a year ago
just to be clear, what are your intentions for divestment, will the stock be offered on the market, or do you plan to buy back shares if the owner choses to divest their interest?
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Matt Skelton
a year ago
Thanks for the opportunity and appreciate the desire to expand. What is the team’s position on remaining independent? You highlight the “family owned” aspect. How much does this drive strategy? Are you scaling to become more attractive to the larger players (ie Moet, Constellation) It would be helpful to understand the 5 and 10 year strategic plan.
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Kyle Putnam
10 months ago
Also, assuming the company becomes profitable, what is your short and long-term plan for reinvesting vs. distributing income?
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