INVEST IN COPPERWORKS DISTILLING COMPANY TODAY!
Award-Winning Craft Distillery Expanding in the Seattle Area
$391,533.66 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
Jun 19, 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.
NEW UPDATES
05.31.23
Now hiring!
We're growing quickly and are looking for a full-time Tasting Room Associate (35-40 hours per week) for our Seattle Distillery and Tasting Room on the downtown waterfront. This is a great entry-level position for anyone motivated to join the craft spirits industry.
This position is primarily a customer service role. Starting pay is $20/hour with two weeks paid vacation per calendar year. You may receive additional income through tips. We also offer some unique benefits, including, but not limited to, partially subsidized ORCA cards (public transit), partial health insurance reimbursement, 401(k) matching after one year of employment, discounted personal spirit bottles, and the opportunity to take part in educational spirit tastings.
No industry experience is required. We are looking for a candidate who is passionate about spirits and self-motivated to work on a variety of tasks that are essential for a craft distillery.
For more details, view the full job posting here. We encourage you or anyone you know who may be a good fit to apply by sending a resume and brief description of why you want to work at Copperworks to JoinUs@CopperworksDistilling.com.
PRESS
ALL UPDATES
05.24.23
Nominate Copperworks for Best in the Pacific Northwest!
Love Copperworks? Let us know by nominating us in The Seattle Times' Best in the PNW contest! This is a people's choice contest highlighting local places and businesses and we'd be honored to see Copperworks on the ballot.
Click here to nominate us. Then, click the "Eat & Drink" category and scroll down to "Distillery." While you're at it, we encourage you to nominate other local spots in the Seattle area you enjoy in the many other categories. If we make the ballot, voting will take place from June 12-30. Nominations are open through this Friday, May 26.
Cheers,
The Copperworks Team
05.22.23
Copperworks cocktails for a good cause
Last week, we had the pleasure of participating in the Pike Place Market Foundation's "Celebrate the Market" fundraising event. We teamed up with another local distiller, Fast Penny Spirits, to donate our product and serve up some exceptionally delicious Manhattans. The sun was shining, folks were smiling, and the cocktails disappeared quickly as soon as word got out that the latest batch of Copperworks American Single Malt Whiskey was used to created the event's signature cocktail.
The event brought in over $260,000 which will go to support the network of social services provided by the foundation that is directly connected to the world-famous Pike Place Market. The market is one of our neighbors here on the Seattle waterfront, and we're always proud to support our community as much as we can!
Above: Maddie from Fast Penny Spirits and Abigail from Copperworks teamed up to serve Manhattans as the event's signature cocktail.
05.17.23
Are you ready? Our webinar begins in one hour!
Copperworks co-owners Jason Parker and Jeff Kanof are going live in one hour at 11am PST. Register now via the link below to receive the Zoom meeting invitation.
Got questions? Good! We'll be glad to answer as many questions as possible during the Q&A session, but you can also post your questions or comments on our campaign page for all potential investors to see.
See you soon!
05.16.23
Webinar Q&A Tomorrow!
Our second webinar and live Q&A session is tomorrow, May 17 at 11am PST! Copperworks co-owners Jason Parker and Jeff Kanof will discuss our current expansion plans and explain how you can become an investor and join in our success. To receive the Zoom link to attend the webinar, click the button below. Don't forget to bring any and all questions to the webinar, or feel free to post them in advance on the "Discussion" section of our campaign page.
Can't make it? Check out the recording of our first webinar here!
05.10.23
View our first webinar Q&A (and register for the next one on May 17!)
Last week, we hosted our first webinar to discuss our current crowdfunding campaign. Thank you to everyone who participated in the live Q&A session and brought some great questions to the discussion table! If you missed the webinar, you can now view it on our YouTube channel here.
Our next webinar is just one week away! Copperworks co-founders Jason Parker and Jeff Kanof will host a second webinar on Wednesday, May 17 at 11am PST. Please note this webinar will cover the same information as the first. Click here to register now.
A big thank you to everyone who has invested so far! We're excited to have raised over $340,500 so far and look forward to welcoming many more investors.
05.05.23
New Release: Release 047
We're excited to introduce Copperworks American Single Malt Whiskey, Release 047, our largest blend to date!
Not only are we increasing the size of our releases, but their distribution, too. A portion of Release 047 is destined for select export markets, including Taiwan, joining a handful of special selections that recently made their way across the pond to markets such as Italy, Canada, UK, and Japan. Just as the American Single Malt Whiskey category gains more recognition on the global stage, we're well poised to accommodate the growing demand for Copperworks spirits at home and abroad.
This international distribution is an exciting accomplishment and an indicator of our continued growth, especially in light of our recent expansion with our Talking Cedar partnership. For more details on Release 047, click here. We invite you to help us keep up the momentum by becoming an investor - and enjoying a bottle of our latest and greatest whiskey!
05.03.23
Reminder: Webinar Q&A Today!
Today at 4pm PST, we're hosting our first webinar and Q&A session about our expansion projects and crowdfunding campaign. We're also hosting a second webinar (with the same content) two weeks from now. Register now via the links below, and be sure to post your questions in advance on the "Discussion" tab of our campaign page.
Webinar #1: Wednesday, May 3 at 4pm PST - Click here to register.
Webinar #2: Wednesday, May 17 at 11am PST - Click here to register.
Note: Both webinars will contain the same content, so we recommend signing up for one or the either as space is limited.
See you soon!
The Copperworks Team
04.28.23
Reminder: Upcoming webinar Q&A on May 3
In a few days, we're hosting our first webinar and Q&A session about our expansion projects and crowdfunding campaign. We're also hosting a second webinar (with the same content) two weeks later. Register now via the links below, and be sure to post your questions in advance on the "Discussion" tab of our campaign page.
Webinar #1: Wednesday, May 3 at 4pm PST - Click here to register.
Webinar #2: Wednesday, May 17 at 11am PST - Click here to register.
Note: Both webinars will contain the same content, so we recommend signing up for one or the either as space is limited.
Can't make it? Both webinars will be recorded and posted to our Youtube channel for viewing afterwards. And, you're welcome to submit questions on our campaign page at any time. Cheers!
04.27.23
One step closer to opening our new location in Kenmore
It may not look like much, but this piece of paper is another step closer to the opening of our new location in Kenmore! We've applied for our liquor license and can't wait to start serving Copperworks spirits and cocktails just north of Seattle this summer.
We are so grateful for everyone who has invested so far. Our success is your success, so please be sure to spread the good news as we get closer each day to the grand opening of this new location! And if you haven't yet finished your investment, consider this your sign to do so!
04.25.23
In the news: Our partnership with Talking Cedar
If you've been following our campaign, then you know one of our expansion projects is a new partnership with Talking Cedar Brewery, the first tribally owned and operated brewery in Washington. Thanks to this partnership, we've already seen an increase in whiskey production and expect a 5x increase in our overall production capacity (compared to our capacity prior to the partnership).
The word is out and a few media outlets have already picked up on the partnership, including The Spirits Business. For a deeper dive into this partnership, check out this article by Experience Olympia & Beyond, plus some photos from our team's recent visit.
REWARDS
$250
Tier 1
Receive an invitation to quarterly investor updates, plus one complimentary distillery tour for you and a guest
$1,000
Tier 2
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
Tier 3
Lifetime 10% discount on all purchases from Copperworks (excluding taxes and shipping fees) + Each item from previous reward tiers
$5,000
Tier 4
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
Tier 5
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
Tier 6
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
Tier 7
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
Tier 8
Help select a single cask of whiskey to be bottled and sold to the public + Each item from previous reward tiers
$100,000
Tier 9
Receive an invitation to join our board of advisors + Each item from previous reward tiers. See more details in terms below.
JOIN THE DISCUSSION
0/2500
Charles Hubbard
a month 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
0
Charles Hubbard
2 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?
3
0
Michael Addison
2 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.
1
0
Michael Stanis
2 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.
2
0
Andrew Brickson
14 INVESTMENTS
2 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
0
HOW INVESTING WORKS
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Joshua Reeves
a month ago
1
0