Tall Pines Distillery

Salisbury Distilleries

Introduction

Tall Pines Distillery is a growing producer of premium moonshine and whiskey products in Somerset County, Pennsylvania.  They are raising funds for a new outdoor pavilion at their Salisbury headquarters which will allow them to host events and serve cocktails to thirsty visitors.  Tall Pines is looking to borrow between $30,000 and $50,000 at 9.75% interest over 3 years. Anyone at least 18 years old can invest (though some perks are 21+).  

 

 


Fast Facts

  • 9.75% interest rate for investors with additional investor perks

 

  • Profitable, growing business with nearly a quarter of a million dollars in sales in 2017

  • Serving creative, high end moonshine and whiskey with exciting flavors like Bananas Foster, Huckleberry, and Pine Sap (vanilla and cinnamon)

  • Project to add an outdoor patio space, creating a community space and allowing Tall Pines to host events and serve cocktails to visitors

  • Up to $50,000 unsecured loan with a personal guaranty from the owners, Keith and Lisa Welch

 


Investor Perks

Early Bird Perk The first 20 investors of $100 or more are invited to attend the Grand Opening of the pavilion
"Moonshiner" for a Day By investing $500 or more, you are invited to get a hands-on look at the product creation process
Name a Barrel Perk By investing $5000 or more, you can get your name on an aging barrel and be the first to get access to the contents of that barrel (must be 21 years or older)

 


The Project

Tall Pines is looking to build an outdoor pavilion at their main location in Somerset County, PA. This will allow them to host public and private events with live music and food vendors.  The pavilion will be approximately 900 square feet and will eventually include doors to allow for continued use in cooler months.

Currently, space at the Tall Pines facility is limited to a small indoor tasting room.  With this addition, there will be a rustic space for all of their customers to enjoy and a brand new event space for southern Somerset County.

 

 


Deal Summary

 Issuer

 Tall Pines Distillery LLC

 Security Type

 Unsecured Loan (fully amortizing)

 Loan Purpose

 Build a new patio for events and outdoor seating

 Offering Amount

 $30,000 - $50,000

 Interest Rate

 9.75%

 Payments

 Monthly, Disbursed to Investors Quarterly

 Maturity

 36 months

 Personal Guaranty

 Yes, from Lisa Welch and Keith Welch, the owners

 Security Interest

 None

 


About Tall Pines

Tall Pines Distillery is the first legal moonshine distillery in Somerset County, Pennsylvania since prohibition! Opened in July 2016, the distillery goes above and beyond to create a premium product using a copper still to add a smooth finish to their moonshines and whiskeys that are often lacking from other brands.  

 

 

Tall Pines also uses natural and locally sourced ingredients wherever possible.  Many competitors use artificial and synthetic flavors but Tall Pines refuses to compromise.  They have a deep commitment to creating the highest quality product possible while supporting the local economy.

 

 

Tall Pines currently offers more than 15 creative flavors plus seasonal offerings.  Huckleberry moonshine is their best seller. Other popular flavors include Bananas Foster, Apple Pie, and Orange Cream, all crafted to be enjoyed on their own or mixed in cocktails.

 

 

Their focus on high quality, handcrafted moonshine has been widely praised by customers with an average 5-star rating from more than 100 Facebook reviews, including:

“This place is great. The employee and the owners are just the nicest people you would ever meet. Had a great time and will be back!!” - Wendy M.

“Great people. Great atmosphere. Great moonshine!!” - Jenn J.

 


About The Team

Keith Welch, Owner and Operator

Keith is a serial entrepreneur who has started and run several successful businesses, including his construction company, New Outlook Enterprises, for 30 years.  As the Owner and Operator of Tall Pines Distillery, Keith manages the production and distribution of the businesses moonshine product.

 

Lisa Welch, Assistant Manager

As the Assistant Manager of Tall Pines Distillery, Lisa is responsible for overseeing the marketing, day-to-day operations of the business, and business administration.
 


The Location

Tall Pines is located in Salisbury, PA a small town of just 700 people tucked away in the rolling hills and thick forests of southwestern Pennsylvania.  Salisbury is in Somerset County, approximately 90 miles southeast of Pittsburgh.

 

 

Tall Pines also has a satellite sales office located in Sarnelli's Market in Jones Mills, near Seven Springs Mountain Resort and their products can be found in a number of bars and restaurants in the region including Full Pint Wild Side Pub in Pittsburgh and Tap 814 in Johnstown, PA.

As part of their Maryland expansion, Tall Pines moonshine is currently carried at the  Arrowhead Market at Deep Creek Lake and Liberty Liquor in Cumberland.

 


Your Earnings Potential

If you choose to invest, you will make a one-time investment via ACH that will be transferred to a secure escrow account. Once the campaign successfully reaches its target, the funds will be distributed to Tall Pines.

For more information on the mechanics of Honeycomb’s crowd investing platform, please review our Education Materials.

Investment Amount

One-Time Fee

Potential Quarterly Repayments*

Potential Total Repayment*

$100

$2.85

$9.64

$115.74

$500

$14.25

$48.22

$578.70

$1,000

$21.76

$96.45

$1,157.40

$5,000

$21.76

$482.25

$5,787.00

*Individual payments may vary slightly based on rounding.  Potential repayments include principal and interest, they do not include the one-time fee which is assessed when you make your investment. (Note: Returns are not guaranteed and investors could lose some or all of their investment) These amounts are calculated as a fully amortizing loan: principal and interest are paid down starting with the first payment.

Your ongoing responsibilities from investing are very limited.  Each year over the life of the loan you will receive a 1099-INT, this is a simple tax document similar to what you receive for most savings accounts.

When Tall Pines pays as agreed, you will receive quarterly payments directly into your bank account along with a short update from the team.  In the event of a default, you will be asked to elect a representative to manage the collections process on your behalf.

 


How Honeycomb is Compensated

Honeycomb charges Tall Pines a 2.0% loan origination fee if this campaign is successfully funded. Our origination fee is reduced and our posting fee is waived for Tall Pines because they are a founding partner.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $21.76 per investor.

 

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