GET A PIECE OF COPPERWORKS DISTILLING COMPANY
Award-Winning Craft Distillery Expanding in the Seattle Area
$606,532.31 Raised
REASONS TO INVEST
Led by a team with decades of industry experience, Copperworks has achieved nine years of successful operation with record spirit sales and whiskey production in 2022, and fundraising campaigns that have raised over $2.75 million.
Copperworks has two new locations in the works to increase customer engagement opportunities and create substantial revenue streams. One location is in the final phase of construction; the other is in the design phase.
Copperworks has dramatically increased production capacity by partnering with a state-of-the-art facility. We are now able to grow production to five times our previous capacity as demand for our award-winning spirits rises.
Lucrative Opportunities in a Growing Market
Copperworks was founded by craft brewers with more than 30 years of experience in the alcohol industry. We built our distillery to answer the question: how would spirits taste if they were distilled from superior craft beer (without hops) instead of the typical methods and ingredients of conventional distilleries? The answer led Copperworks to become a pioneer in producing American Single Malt Whiskey, a fast-growing spirits category with substantial national and international market opportunity.
*Expected increase as a result of partnerships and planned business activities
the problem
Currently Lack the Capacity to Meet Our Growing Demand and Opportunities
*Images are computer-generated demo versions. Expansion is currently under development.
The Market
Growing Opportunity in Craft Spirits
We believe Copperworks is well positioned to capitalize on the substantial and consistent growth of the craft spirits market and, more specifically, the American whiskey market. Combined, these two categories create an untapped market opportunity.
Sources: American Craft Spirits, Globe NewsWire
Source: Forbes
Leaders in the Field
Copperworks was honored to be named the 2018 Distillery of the Year by the American Distilling Institute. Our whiskey and gin have won numerous awards in prestigious spirits competitions, including multiple Double Gold medals and consistent scores of 90+ points. (source)
As an early innovator in the American Single Malt Whiskey category, Copperworks is an established leader and well-respected brand in this rapidly growing spirits category. The Alcohol and Tobacco Tax and Trade Bureau (often called the “TTB”) is in the final stages of approving American Single Malt Whiskey as a legally recognized whiskey in America. Copperworks was a founding member of the American Single Malt Whiskey Commission—the organization that drafted the proposed rules and organized the formal request to the TTB and one of the few remaining independent distilleries producing significant volumes of this type of whiskey.
Copperworks leadership team holds (and has previously held) prominent positions of leadership in the U.S. craft spirits industry. Copperworks President, Jason Parker, serves as an officer of the American Single Malt Whiskey Commission and as a board member for the Craft Maltsters Guild. Jason was also Board Chair for the Washington Distillers Guild. Copperworks Vice President, Jeff Kanof, serves as a board member for the American Craft Spirits Association and he has also served as a past officer of that organization.
Source: Waterfront Seattle, Seattle Business, Wikipedia
THE SOLUTION
A Multi-Pronged Expansion Is Underway to Meet Growing Demand
Our solution to increase production and customer experience opportunities includes three projects that are well underway:
*Images are computer-generated demo versions. Expansion is currently under development.
Source: Rails to Trails
*Images are computer-generated demo versions. Expansion is currently under development.
Source: Waterfront Seattle
WHY INVEST
A Successful, Established Operation with a Competitive Edge
The Copperworks team has significant experience building beverage production plants and providing outstanding customer experiences.
Copperworks’ expansion plan will enable the company to grow into a major regional craft spirits producer with targeted national and international distribution and an attraction that offers world-class customer experiences in the downtown and greater Seattle area.
Copperworks' brand, team, and product quality are in an ideal position to capitalize on the rapidly expanding sales opportunities for American Single Malt Whiskey. Our expanded customer capacity and service offerings will enable the company to become one of the primary providers of spirits enjoyment and education in the Pacific Northwest. The market opportunities exist now, and Copperworks needs to expand now to take advantage of these and future growth opportunities.
We invite you to join the exciting opportunity to bring Copperworks’ innovative, award-winning craft spirits and entertaining activities to as many customers as possible in the Pacific Northwest, U.S., and beyond.
ABOUT
HEADQUARTERS
1250 Alaskan Way
Seattle, WA 98101
WEBSITE
View Site
Copperworks is a craft distillery, tasting room, and retail store in Seattle currently adding multiple new locations. As demand for our award-winning spirits rises, we plan to expand with new tasting rooms, cocktail bars and event spaces, and a major increase to our whiskey production.
TEAM
Jason Parker
Co-Founder, President
Jeff Kanof
Co-Owner, Vice President
Micah Nutt
Co-Founder, Distiller Emeritus
Thomas Paessler
Head Distiller
Matt "Skinny" Roberts
Distiller
Abigail Belknap
Marketing & Communications Manager
Addison Frandle
Tasting Room Manager
Jack Filipponi
Special Projects
Stefanie Goldstein
Bookkeeper
TERMS
Copperworks Distilling Company
Overview
PRICE PER SHARE
$0.60
DEADLINE
Jul 29, 2023
VALUATION
$15.62M
FUNDING GOAL
$10k - $618k
Breakdown
MIN INVESTMENT
$249.60
MAX INVESTMENT
$618,000
MIN NUMBER OF SHARES OFFERED
16,666
MAX NUMBER OF SHARES OFFERED
1,030,000
OFFERING TYPE
Equity
SHARES OFFERED
Non-Voting Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives & Bonuses*
Time-Based Bonuses
First 72 Hours
15% Bonus Shares
Next 72 Hours
10% Bonus Shares
Next Two Weeks
5% Bonus
Amount-Based Perks
$250
Receive an invitation to quarterly investor updates, plus one complimentary distillery tour for you and a guest
$1,000
Your name is displayed as an investor at Copperworks Distilling, plus 10% off a single order + Each item from the previous reward tier
$2,500
Lifetime 10% discount on all purchases from Copperworks (excluding taxes and shipping fees) + Each item from previous reward tiers
$5,000
Lifetime of tastings of our core line of spirits for you and three guests in our tasting room + Each item from previous reward tiers
$10,000
One-week early access to all special, limited-edition releases, plus an invitation to join our team for a single taste panel session (virtual or in-person) + Each item from previous reward tiers
$15,000
Private distillery tour for up to 15 people, including cask tastings and light appetizers with a Copperworks co-founder + Each item from previous reward tiers
$25,000
Spend a day with our distillers, including lunch (or dinner) with a member of our leadership team + Each item from previous reward tiers
$50,000
Help select a single cask of whiskey to be bottled and sold to the public + Each item from previous reward tiers
$100,000
Receive an invitation to join our board of advisors + Each item from previous reward 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.
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).
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Inter company debt or back payments.
PRESS
ALL UPDATES
REWARDS
JOIN THE DISCUSSION
0/2500
Jeffrey Henderson
2 months ago
How do I monitor and eventually cash out my investment?
1
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Croix Thompson
2 months ago
Do you guys plan on having a cask investment program?
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Matt Bruno
4 months ago
There have been a few notes on the discussions about potentially being acquired down the road as a potential payout for investors. With that in mind - can you all share your exit strategy a bit? Is there a target date or price you have in mind etc?
1
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Joshua Reeves
5 months ago
Will the "10% off all purchases" apply to things like food, merchandise, non-Copperworks beverages, etc. at the Kenmore location? Or is it only on purchases of Copperworks spirits?
1
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Charles Hubbard
5 months ago
Out of curiosity, and there is no right or wrong answer that I’m looking for, forward thinking:
When the spirits reach maturity, the storage is full, inventory is maxed and you are profiting from multiple revenue streams, life is good… as an investor, is it reasonable to anticipate cash dividends on our end? (10-20 years down the road, whenever that happens, this is just theoretical) or will it be anticipated that profits will be reinvested in things like new locations nationally, where we need to sell our shares in the secondary? IPO? Acquisition?
I know that’s far to plan, but I’m curious as the founders/owners, what is y’all’s future anticipation for investors (and yourselves) to recoup the investment.
2
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Charles Hubbard
5 months ago
What is your plan for relieving the current 2.1m of short term debt?
What is the cause of your -$600k net income last year, versus the positive net income of $600 the year prior?
What do you feel is the best plan for increasing revenue/sales in the next year? What is most direct and likely to work?
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Michael Addison
6 months ago
I invested during your first crowdfunding. I have 4464 shares and I am at tier 3. If I reinvest at this time can my shares be combined to move upto tier 4. What is the process to do this if it is possible.
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Michael Stanis
6 months ago
Do you have plans to produce burbon? I see you have whiskey but I am curious if you’re planning to produce burbon also.
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Andrew Brickson
6 months ago
Can you provide insight on the planned use of this round of raised funds and any implications of the upcoming Lender Micah Nutt, $1,677,387, debt due on 11/9/23?
1
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John Kingsbury
2 months ago
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