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Pennsylvania

Lucky Sign Spirits Distillery

About Documents
82%
$81,550.01 Funded
$100,000 Target
12 days Time Left
63 Investors
$30,000 Min. Raise
$150,000 Max. Raise
60 mo. Term Length
9.0% Interest Rate
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Overview

Products

Our current retail lineup consists of 3 major product lines: Whiskeys, Flavored Base Spirits, and Cordials/Liqueurs. We have two whiskeys: a Bourbon and Rye. Our flavored Base Spirit line includes: London Dry Gin, Raspberry Gin (that changes color when an acid like lemon juice is added), Bourbon Barrel Rested London Dry Gin, Aquavit. Our Cordials encompass: Raki (an anise-flavored spirit), Limoncello, Rock and Rye, and Cinnamon Whiskey. We also sell a rotating line of bottled Cocktails to Go.

Future of the company

Our current distillery is less than 1000 sqft. It limits equipment, production methods, and capacity. We are seeking funding to fund a production and retail location in Hampton PA. If funded we would turn the current location into a craft cocktail bar and retail shop. This would allow us to purchase equipment that would greatly increase our productivity and efficiency. We also plan to open a 3rd location within the next year in the South Hills. By expanding retail sales opportunities we can greatly increase our sales in our highest margin sales channel.

We are raising $150,000 at a 9.0% interest rate, paid over a 60-month term.

 

We offer a wide variety of spirits!

 

The Project

Legal $2,000
Finish Hampton $15,000
Signage $15,000
Renovate Millvale $15,000
Tanks $1,500
Pallet Jack/Stacker $5,000
Still $35,000
Misc. Equipment $5,000


We would use the funds to finish the Hampton location and buy equipment for more efficient and larger production, and also to re-imagine Millvale as a Craft Cocktail Bar/Retail Space. It would greatly increase our storage capacity, enable us to create a “Grain to Glass” whiskey operation, and allow us to more efficiently produce Gin, Limoncello, and other spirits. If we were to raise over $100,000 we would use it as working capital or other improvements.
 

This raise would allow us to produce our spirits much more efficiently.

Business

History

We started working together in the summer of 2018. We discussed the business and how we would be different than others, products we wanted to work on, etc. The company would be designed to be small at first to test out products before expansion. Now that we have tested out our products we want to expand to meet demand.

Since we opened in August of 2020 we were named one of the top 5 Local Distilleries and Top 5 To Go Cocktails. We are the best-selling gin in Poulet Bleu and Gi Jin.
 

Our Millvale location

 

The Future

We want to establish production protocols for our existing spirits to make them as efficient as possible. We would also like to increase the size of our still to meet current and future demand, and we plan to open a retail space in the South Hills.
 

The Hive Mind cocktail

 

About the Owners

Christian has an MBA, as well as a BA/MS in Management of Information Systems. He has experience in startups and Venture Capital. He has a Black Belt in LEAN manufacturing and Six Sigma. He worked for a large manufacturer for more than 20 years in various leadership positions including Technology Management, Project Management, and Product Ownership. He has also worked for a Medical startup as a Product Executive.

Matt graduated from Fox Chapel Area High School in 2004. After graduation, he spent several years in the Army as an engineer. He did everything from construction missions to route clearance missions to remove IEDs from roads. He was wounded on his second tour in Iraq. He left the Army after completing that tour. He attended Point Park and completed a degree in photojournalism. He found a job working in automation and robotics. He loves making cocktails for friends and can now control the spirit put into them.
 

Owners Christian, left, and Matt

Deal Summary

Deal Summary

 Issuer

 Enterprise Spirits LLC

 Doing Business As

 Lucky Sign Distillery

 Security Type

 Secured Loan

 Loan Purpose

 Purchase equipment

 Offering Amount

 $30,000 - $150,000

 Interest Rate

 9.00%

 Payments

 Monthly, disbursed to investors quarterly 

 Maturity

 60 months

 Personal Guaranty  

 Christian Kahle

 Security Interest

 Purchase money lien in equipment

 Offered Portal 

 Honeycomb Portal LLC

 Offering Type

 Reg CF

 

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. If the campaign successfully reaches its target, the funds will be distributed to Enterprise Spirits LLC.

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

 Investment Amount   One-Time Fee 

 Potential Quarterly

 Return: Amortization Period* 

 Potential Total Repayment* 
 $100  $2.85   $6.22   $124.55
 $500  $14.25   $31.13   $622.75
 $1,000  $28.50   $62.27   $1,245.50
 $5,000  $37.25   $311.37   $6,227.50
$10,000  $37.25   $622.75   $12,455.01

Your ongoing responsibilities from investing are very limited. Over the life of the loan, you will receive a yearly 1099-INT, which is a simple tax document similar to what you receive for most savings accounts.*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. These amounts are calculated as a hybrid interest-only + amortizing loan, which means that there is a specified interest-only period followed by an amortization period. There are no prepayment penalties and Enterprise Spirits LLC may pay down their loan early, which may impact your earnings potential. Please note: returns are not guaranteed and investors could lose some or all of their investment.

Enterprise Spirits LLC pays as agreed. You will receive quarterly payments directly into your bank account. In the event of a default, you will be contacted by the administrative agent to manage the collections process on the investors' behalf.

 

How Honeycomb is Compensated

Honeycomb charges Enterprise Spirits LLC a $250 posting fee and a 6.0% - 8.0% loan origination fee on the total amount funded.

Additionally, to cover expenses associated with each investment, Honeycomb charges a 2.85% investment fee capped at $37.25 per investor.

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Offering Documents

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Comments

Q & A

+ Is there a personal guaranty from Christian Kahle to the lenders? If so, will his final coal statement be provided to show his creditworthiness?

Hi Lafe, Yes, I have a personal guaranty on the investment. My personal financial statement was provided to Honeycomb. Creditworthiness is one of the things that Honeycomb considers when they decide whether or not to work with a business. Please feel free to call me at 412-736-9400 if you would like to discuss our business. Thanks, Christian Kahle LuckyCSK@LuckySignSpirits.com