We’re offering shares in The New Zealand Whisky Co. Limited to raise a minimum of $500,000 and a maximum of $2,000,000 for up to 16.9% of the company. Hi, I see in your valuation you use Reefton Distillery - as I understand it, Reefton Distillery only opened a couple months back so we cannot know what their actual revenue will be in first year of trading....so is it right to have them listed here? The New Zealand Whisky Collection. DISTILLING NEW ZEALAND SINGLE MALT. Due to a lot of great questions and feedback, we have released an updated version of the IM that you can download from our PledgeMe page. They simply cannot keep up with demand so have had to blend younger-and-younger whiskies to be able to supply the market. Answered on 31-10-2018 by The New Zealand Whisky Collection, Hi, does your revenue figure include excise tax? that will affect the rights attached to the Investor Shares; for the disposal of the whole, or a material part, of the property, business and undertaking of The NZ Whisky Co. Limited. We aim for delivery in 5 working days but in reaility over 90% of North Island deliveries arrive the next working day. Hi. This has been born out of necessity on two fronts. Contact Us 400 East Tryon Road Raleigh NC 27610 Phone: (919) 779-0700 Fax: (919) 662-3583 An operating distillery will give us the confidence of large, consistent supply of our own high quality whisky from 2021, we can continue seeding new export regions in 2019 with existing stocks - to ensure high demand when our increased volumes are mature and available for sale. The timing of each new region needs to be managed to allow supply of our new products to crossover with the old products without interruptions of brand presence in any markets. Since relaunching the range in 2011 we have been exporting South Island Single Malt and Dunedin DoubleWood, firstly to Australia, then the EU and now Asia. If so how much? Firstly, well done on where you have taken the company to date. are an investment business, in that their principal business involves investing in financial products, acting as an underwriter, providing financial advisory services, providing broking services or trading financial products; have, during the previous two year period, owned a portfolio of, or carried out transactions to acquire financial products of a value of at least $1 million; have, in the previous two years, materially participated in the investment decisions made by an investment business; have, or any entities controlled by them, have, as at the last day of the two most recently completed financial years, net assets or total consolidated turnover exceeding $5 million; are "eligible investors", and have certified that they have previous experience in acquiring or disposing of financial products that allows them to assess: their own information needs in relation to the transaction; the adequacy of the information provided, that they understand the consequences of so certifying, and the grounds for this certification; or. Shop online or at our Christchurch shop. Rumor has it the creek's name attracted the dark stranger, Farley Price, who disrupted life in the community. Hello. Done! First, serious congrats on making the first target, but can you clarify what impact the extension has on the settlement date for us existing investors? A prominent Japanese retailer has asked if they can import us for next year’s Rugby World Cup and the following Olympics. You may lose your entire investment, and must be in a position to bear this risk without undue hardship. The New Zealand Whisky Collection Limited. Answered on 07-11-2018 by The New Zealand Whisky Collection, Hi, The world loves a great product with a story and I wish the team great success. Since delivering Barnbougle Dunes and Nant Distillery, Greg’s original 2 passions of great golf and world-class whisky, have seen him develop, advise or be a Director of successful golf destinations and distilleries around the world; Lark and Launceston Distilleries in Tasmania, Journeyman Distillery and Oliphant Golf in USA, and right back to being a Founder and Director of Kingsbarns Distillery near St.Andrews. Southland born, Otago raised, ‘Finny’ was an early drinker of Wilson's Whisky in his Otago Uni days. Join us on June 23+24 to learn, interact, and partner with colleagues who are both familiar and new. Thanks for your question. What sorts of connections to Nant Distilery does the team have? With excise being so high and a tax, I feel it wouldn’t be right to apply a revenue multiple to a tax to reach a valuation. And a doer. It was named after the creek which flows near where Abraham Lincoln grew up. Answered on 23-11-2018 by The New Zealand Whisky Collection. This limited-edition single cask release from Thomson is a five-year-old whisky. We have always had the best insurance you can get for our whisky stock, it is called Throughput Insurance and is provided by Lloyds in London. Answered on 07-12-2018 by The New Zealand Whisky Collection. Not long after the distillery was up-and-going in 2008, Greg had little to do with the business. The supply of false information regarding your age to purchase alcohol is illegal in New Zealand and for a person under the age of 18 to purchase or receive liquor is punishable with a fine up to $2,000. Are they insured in the event of damage from natural disasters and to what level as it is not just the replacement cost the revenue loss is over many years should the worst happen in our shakey Isles ....and was any building upgrading to meet 'Building Code' or Insurer requirements addressed as part of the due diligence when scoping the expansion project with the leasee. We know there’s huge potential across Asia and in parts of Europe we have not yet touched. The scheme will take 1.9cumecs of water from the Dairy Creek inlet on Lake Dunstan. Company Name: In 1997 the last Whisky Distillery in New Zealand was closed down, and the hundreds of barrels of Cask Strength whisky auctioned off or mothballed. Local distillers are not competition, they are colleagues working collaboratively to establish New Zealand’s credibility on the world whisky stage. Craft beer, cider, wine, spirits & homebrew. The track to Whiskey Falls starts at Mount Robert Road in St Arnaud, the biggest (or pretty much only) town in the area. To learn how to turn golf history into golf tourism, Greg had gap-years either side of University, in Scotland; where he first started working in the whisky industry. Built upon Dunedin’s rich distilling tradition and the superb whiskies from the old Willowbank Distillery, we have developed high value, blue-chip international sales channels. A semi-retired business person, Warren owns commercial properties and is involved with some property developments. Existing investors have put in additional capital recently, as well as new investors buying in. 2. We’re excited about building our own New Zealand whisky distillery so we can continue our commitment to quality and produce the volumes demanded by our distribution partners. MORE INFO. I'm interested in your comments around your current production partner - is this coming from off-shore? If you are in a nice bar or restaurant and they don’t stock our whisky, we want to know about it. That means a lot of OPEX (Operational Expenditure) is sitting in our bond store and on our balance sheet for years. New Zealand's best website to buy whisky/whiskey online. The New Zealand Whisky Collection Limited - after the campaign has closed and the funds have been fully processed - will then have discretion over permitting a share transfer to happen between the foreign individual and the foreign company or entity. We will keep a register of shareholders wishing to sell their shares, and put them in touch with anyone interested in buying shares. Description 1930's.....At Whisky Creek, Karamea, Buller district, West Coast. 1. The valuation of The New Zealand Whisky Collection was undertaken by the current shareholders. The sports fans out there will know that this was the year New Zealand hosted and won the first… More info Grow existing export (Australia, Europe, USA, Taiwan). We feel this movement is an exciting one and are honoured to have the challenge before us to make one of those great new world whiskies, and young. James is now a proud Oamaruvian, who was born and bred a Cantabrian. RM163.00. I lack the financial astuteness and experience of your advisors etc so please forgive me if these questions sound naive; This is a sales channel we don’t currently have, so will offset the higher cost of this finance as you point out. A wholesale investor can be defined as people who meets any one of these 5 criterion: Investors from overseas cannot invest through a foreign company or entity. This Investment Memorandum details how we are responding to these demands and invites you to consider joining us on this exciting journey. Scandinavian settlers took that to mean whiskey and named the stream flowing from the spring "Whiskey Creek." It is fantastic to see NZ's distillery capacity grow. FOUR You mention in the IM that the new make whisky will be matured for 3-5 years. Brought to you by Yelawolf & Bottled in Durham, NC Answered on 15-11-2018 by The New Zealand Whisky Collection. When our next generation of products are mature we will be moving back to the original 700ml bottle size we initially launched the business with in 2010. November, 1932, Burke Bay on Puget Sound - Local Indians called the natural spring burbling up in the forest "Spirit water." FOUR 1) 'Skin on the table' Further to a previously asked question, just wondering, other than for personal reasons, as to why the other advisors, board etc do not have financial vested interest in the business? We have a $400k convertible loan which can be converted to equity in the next 2 years if the lender chooses to. Cheers, Tracey. Worldwide shipping available. All the stats, form and information about race horse - Whiskey Creek (NZ) (NZ) available at RACING.COM – The first destination for Australian Horse Racing. Get the latest Whiskey River Co Office, Art & Craft, Whiskey River Co Health & Beauty, Whiskey River Co Food & Drink and more at Mighty Ape NZ. Mixed with raspberry cordial and lemonade no-less! Just under two weeks to go in our Crowdfunding Campaign! THREE An accomplished graphic designer/artist (his works can be found in collections and galleries across New Zealand, the UK, US and Australia). Several years ago we took onboard the feedback from bars, restaurants and bottle shops we sell directly to in New Zealand, that the smaller bottle sizes make it difficult for them to carry our products. Liking the plan :) Just noticed mention of a distillery that hit the news a few years back. Thankfully both his palate and knowledge have improved since then. However, it has not generated the necessary cashflow to enable the capital investment required to build a distillery and expand sales. We have a passionate drive to ensure what we put on the market is terrific. Our insurance covers earthquakes too and we have an excellent broker and relationship with them, we always run past them any changes in our cask storage etc. He sold this plan to the then-owner, who contracted Greg to project manage the distillery build and set up. Troy reports to the Board and ensures we execute the strategic plan. His commitment to strong Corporate Governance has been a mainstay of the success of the NZ Whisky Co.. We have completed a Veda check on the company and their directors, as well as a google check. ... We mash our grain with hot water and elbow grease, just as our forefathers did, and don’t use malt extract, sweeteners, colours or flavours. There is no guarantee you can sell your shares, we are unlisted company so not a lot of liquidity. You will need to agree on an sale price between yourselves. Please let us know if you have any further questions Matt. 4. A unique virtual event for the food and beverage industry. While the accountants will only allow us to show the value of our casks on our balance sheet at the lower of cost or net realisable value, the reality is when we bottle that cask and sell it we can yield say an extra $20k gross profit per cask, which is above that original cost. Answered on 03-05-2019 by The New Zealand Whisky Collection, "Here’s to the long life of a great company ", "I look forward to the opening of the new facility in Oamaru.". New Zealand law normally requires people who offer financial products to give information to investors before they invest. Firstly, the big Scotch distilleries in the UK and Japanese distilleries have all been moving away from marketing their whisky on age. 7.6K likes. On-premise accounts prefer 700ml bottle size, as less handling / re-ordering. Secondly, climates where the Angel’s Share is extreme - like India and Taiwan - MUST release younger whiskies, otherwise there would be nothing in the cask when they went to bottle it. You mention limited competition in NZ, so my assumption is that the current partner is off-shore if they have the capacity to supply you plus presumably do their own thing too? Warren also served on an advisory Board for the National / ANZ Private Bank for five years. THREE Are any of these that are closest to the operation planning on investing their own money via the Pledgeme raise or otherwise? I had a day to explore and decided to cruise down Nelson Lakes and do a day hike. In 2015 they won best single malt whisky in the world at the leading international whisky awards - the World Whisky Awards. If you are a New Zealand citizen living in New Zealand then you are eligible to invest. The valuation multiple is consistent with the multiples set out in the below comparative analysis of recent market transactions in the same or similar industries, or recent crowdfunding in New Zealand. Heya guys! We also want more people around the nation talking about our whiskies, and helping us get them into more venues. Thank you! Some great questions here, thank you. Thank you for your questions. As mentioned above, all three of our Board have a financial vested interested in one-form-or-another. Quality is at the core of our business, and our whiskies. If you have ever wanted to own your own whisky distiller, The New Zealand Whisky Collection Limited, Own your own distillery and a piece of New Zealand whisky history, https://au.linkedin.com/in/greg-ramsay-989380168, https://app.companiesoffice.govt.nz/companies/app/service/services/documents/00468621B994CA10AF45DB050062A475, https://app.companiesoffice.govt.nz/companies/app/ui/pages/individual/search?q=egen%2C+warren&roleType=ALL&indEntityTypes=ALL&indDirStatus=ALL&indEntityStatusGroups=ALL&indShrStatus=ALL&advancedPanel=true&mode=advanced&expandedResults=#results, Domestic market expansion (another Cellar Door, increase trade accounts), International market expansion (USA, UK, Japan, SE Asia), Capital raising costs (PledgeMe platform fees, legal and accounting work, branding and marketing). Operate in a modern, efficient bonded warehouse and production facility. They struck up a firm friendship and when Greg needed a General Manager that could take the New Zealand Whisky Co. to the next level, it coincided with Grant moving his family to Oamaru for schooling. Thank you for your good questions. With greater volume, we could start servicing trade accounts in many of our markets too. This year, our EU distributor grew sales by 40%. This reddish amber rum is stately and elegant, semi-sweet. Our born-and-bred ‘Oamaruvian’, Matt has returned home after travelling the globe and managing pubs across England. Copyright © 2020 PledgeMe – All rights reserved. If you would like to subscribe to our newsletter here: http://eepurl.com/j2gLT you can keep up-to-date and be informed when we reopen. For example, Sullivan’s Cove offerings from Australia are NAS, which means young. Whiskey Falls is … So a lot of notions are being challenged, that is - “it has to be made in Scotland, and it has to be old.”. The insurance we have covers the gross profit in the casks. Southern Style Whiskey with Honey ... New Zealand Unlimited natural mineral water is extracted directly from a pristine aquifer in “Kaiwak.. RM6.90. The Dunedin DoubleWood was born. We want more Kiwis to be involved in our exciting next chapter and not only help us make more exciting whiskies, but share in any financial success we have too. We are one of the largest independent buyers of Whisky & premium spirits in New Zealand and have called on our networks far and wide to bring you arguably the sharpest online pricing for … When we bought the business in 2010 the bonded warehouse and production area was on the ground and first floors of the grand Loan & Mercantile building in Oamaru. All three Directors have a vested financial interest in the company in either equity (Founder), a loan to the company or a convertible loan (they can choose to change their current debt to equity within 2 years). In the last eight years, our little Cellar Door in Oamaru has grown and grown in sales and profit. Photographer Thelma Rene Kent Date of Photo 1930s Map [1] Contributor Margaret Elaine Sadler He has been running the business since early 2011, with a two year break from late 2013 as CEO of Lark and Overeem Distilleries in Tasmania. Greg is a visionary. He has gone on to create production partnerships, and forge export channels across Australia, Asia, North America and Europe. There is strong demand for younger whiskies as brands all over the world in the last 10-15 years have shown time in cask does not always mean great quality. Fillery. Other shareholders/interested parties - I note that most of the names of the board, staff and advisors aren't on the current investors list (outside of Greg, Troy and Tom). What is the total amount of debt and what are the terms under which that debt can/will be converted to equity? Two licences allow water to be drawn from nearby Crocker Creek. 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