Is the 5% on net or gross revenues? Why not an equity offering, or combination revenue share with share options? Best of luck with your venture, looks like a terrific product.

Hi Barnaby! This is on net revenue. We have elected to structure it like this for legal reasons related to the spirits industry, particularly regulations in certain states that prohibit bar owners from equity investments in brands but can lend, particularly as we have a lot of support in this community and expect interest in it. Cheers!

About how long would it take to pay back fully? Lets say $3,000 are invested, how many years would you pay it back with the 2x return?

Hi Leonel. While it is impossible to predict, we would estimate that this would be a 5-7 year term, but it could be earlier or later depending on business circumstances and strategic changes in the business such as alignment with an acquiror.

Fantastic product with a high global footprint and consistent YoY returns. Since you mentioned it's the 3rd most consumed liquor ex-US, do you plan on making a larger push within the U.S. market (especially with the growing Brazilian tourism, business, real estate into the U.S...

We would expect to have the major focus for the moment on the US market as that is currently approximately 95 percent of our business and there remains large opportunity for growth. However, we are increasingly putting in place resources in the EU market to test how achievable that volume is and have an awareness advantage against future potential competitors as the category continues to premiumize. The largest barrier to growth in the US is consumer awareness and trial for the category and t...

What was net revenue on your 2016 sales of $889K? Thanks.

Total gross profit in 2016 was $501,537.97. Cheers, Nate

I see that your blended gross margin is about 55%, but what is the operating margin? also when will be the first quarter you will be paying investors?

Operating margin was at a loss in 2016; however the relative cost per $ of revenue was approximately 1.03. We would likely be paying investors for Q4 2017

Drifter Spirits Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

Strong executive team with experience in brand management at Red Bull, and legal at Goldman Sachs.

Advisory board and investors include SVPs at Pernod Ricard, William Grant; President of Red Bull NA.

2019 Revenue of $1.3m. Lifetime revenue of $4.3m and 2013-2019 10x growth in revenue.

Internationally recognized products: Avuá Cachaca won Double Gold / Best in Category at SF Spirit.

With our second brand (Svol Aquavit), we did in 6 months what took us 2 years to achieve with Avua.

Craft spirits growing at a 24% CAGR and make up more than 5% of total spirits with lots more runway

Many recent exits in the craft sector at 10x multiples. Assuming this we would be valued at $13M+

Vision to build a portfolio of 10 spirits brands that would drive >$10M in revenue by 2025.

Drifter Spirits

A growing portfolio of craft spirits brands

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