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mkatrincic_NC last won the day on June 28 2016

mkatrincic_NC had the most liked content!

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About mkatrincic_NC

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    Durham, NC
  • Interests
    Durham Distillery, LLC., Gin

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  1. Fantastic question: I have 18 years marketing and operations background. Yes, invaluable. Lee has 18 years experience in pharmaceutical R&D in senior chemist roles. His formulas for our products are insanely precise. Starting a distillery is ultimately a business. No doubt on what McKee said on a previous thread. This business requires the science of distilling and the art of marketing to work in tandem. Cheers.
  2. Just to also clarify -- Bloomery isn't closing. They were in a tight bind regarding the taxing for direct sales out of their distillery. They were going to end up with a loss per bottle. However, they got grassroots support that translated into a hard and fast lobbying effort in WV...and as of today, their bill has passed. See: www.facebook.com/BloomeryPlantationDistillery Their Post: WOOHOO!!! The Bill has passed the House!!! The last step is for Governor Tomblin to sign it! Thanks to Rob's heroic efforts; our Delegates Upson, Espinosa, and Skinner; all of the West Virginia Senators and Delegates; and all of YOU, our fans, an your incredible grassroots campaign! Everyone's hard work and efforts made this happen! Please see the link below to sign Delegate Skinner's "SweetSign" petition asking Governor Tomblin to sign the bill! Thank you all! smile emoticon http://www.delegateskinner.org/urge_the_governor_to_sweetsi… ______ Back to the question at hand too. States with direct sales to their consumers out a distillery usually have the upper hand at breakeven being on a shorter time scale. We're not as fortunate in NC and will be working hard on the marketing side to gain awareness as soon as our products hit shelves later this Spring.
  3. This is also immediately helpful to North Carolina as we're trying to gain passage of selling direct to consumers post-tour. NC Senate Bill 24 is our bill. We would sincerely appreciate immediate access to the response data. Please see: http://ncdistillersassociation.org/nc-sb-24/ Thank you.
  4. mkatrincic_NC

    NGS suppliers

    Well said Sam (!) and thanks for adding the background history for those category of spirits. In our research on global gin manufacturing, it's largely a non issue to leverage NGS as base for re-distilling gin or even those that make compound gin. In reviewing the boutique distillers (or the big guys for that matter) in the UK for instance, you'll be hard pressed to find one mashing their own grain. Of course, tastes for gin vary widely which is why we love the category. It's fantastic that the US consumers want to try gin made from a base of rye or wheat or apples, etc. For us, corn based ethanol enables us to build a pedestal for the botanicals that we want to shine through. To help on the answer at hand...on sourcing NGS, we've needed to consider also where they are located or shipping from. Shipping fees vary widely. The closer you can locate a supplier, usually the better the pricing. If you're able, you may be able to gain efficiencies too in the larger volume shipments , e.g. tote vs. drum.
  5. 59 DAYS!!!! Oct 7 - Dec 5. Our DSP was approved this morning...AND it's national repeal day too! How awesome is that y'all?!
  6. Exciting news all! We submitted Oct 7. Assigned to specialist as of Oct 27. We're hopeful that things will be pretty straightforward for us too. Jim McCoy reviewed our application prior to submission and had a couple corrections/recommendations. He was fantastic to work with and fingers crossed, it'll be helpful to the TTB as well!
  7. Thanks so much for posting your experience. We're almost ready to hit the submit button on our application ourselves and this is very helpful!
  8. Hi James, I agree that the owner history and OOI applications for each owner (as indicated in the TTB's requirements for an LLC) is critical to prove through that all of the owners of the distillery are on the up and up with the background information and validated crime/felony, etc. If you have a reference to where source of funds refer to personal bank account history for committed equity investors, I would greatly appreciate it! I haven't come across details requesting that in any of the documentation. We are providing personal documentation for ourselves as we make up 85% ownership but as our equity partners are already committed through on their financial investment with according SEC filings, I am hesitant to go a further step that can be legally considered invasive. Thanks for your insight!
  9. We're in a similar position on our equity partners less than 10% each but it looks like since we're an LLC and not an S or C corp, all owners have to submit their OOI applications. That's fine but a bit of a pain since they have no voting power either. Ah well... On the source of funds, from what I've read is that your business bank account statements are critical to show receipt of the equity with the source of that equity (by name, trust, etc), and for all personal accounts where we've self-funded the business. We also have our P&L statements from our books that we will submit too. If you have all of this, you should not have to show personal statements from your equity partners because honestly --- the funds are received and it doesn't matter to the federal government once those funds are live and viable to the business. IF your equity partners have not yet completed their investment, then yes -- you'll then have to show that they have those funds available in their personal accounts. Hope that helps.
  10. Going back to this topic. I like the look of this one for our two doors into the bonded space. One is back exterior steel door (outside access) and the other is the interior door delineating bonded/retail. Any concerns/advice from the veterans? http://www.amazon.com/Schlage-FE576-CAM-716-Lock/dp/B007IZ4ENY http://www.schlage.com/en/home/products/FE575CAMFFFACC.html?bck=@@sch-us:brand/schlage@@sch-us:product/levers/keypad#horizontalTab2 Against the specs in 19.192 Security: - There is an electronic keypad. - It is auto-lock with an internal alarm. - It is a 5-pin tumbler C keyway with two nickel silver keys. - It's wider than 2 in. in body
  11. We add Mueller stills to the credible list. We have had a fantastic experience thus far.
  12. As of a couple weeks ago, it looks like Mother Earth is now active in the association too. I'd like to meet Adam -- hopefully soon! I loved watching his travels to CO last month via FB.
  13. Looks great! Congrats on getting the website up. It would be fantastic to have you listed in the NC Distillers Association too (ncdistillersassociation.org). Keith at Carolina distillery is the president of the association and has been working to ensure all of the current and upcoming NC distillers are joining together....especially since the bill (HB 842) is headed to a vote shortly in the NC legislature. His email is carolinacraftspirits1@gmail.com I'm not sure when our next meeting is yet but we do have email communications around the bill going on right now. Hope you'll join us!
  14. Similar vein - we zeroed out the income from merchandise but in the start up costs and subsequent cash flow requirements for years 1 - 5, we have the inputs for sourcing these. That way, any merchandise revenue is all upside but you've ensured your cash flow projections and month to month needs include the manufacturing of your merchandise.
  15. I originally added this to an older discussion but thought this might be better: Being in NC, we're not allowed to sell our spirit in an onsite retail/tasting area. We are allowed tastings and we are planning to sell merchandise. Our hope is that the restrictions of selling spirit on site, post-tour may change. There is momentum in other controlled states and we're supporting the NC effort to prove out the revenue and tax opportunities to the state. As we are working through our site plan with that in mind, we're trying to think through how to delineate for the potential opportunity to sell on site. Appreciate help validating the following: - Bonded area will include the still, all manufacturing equipment, filling, labeling and office space. Window walls (floor to ceiling). TTB security locks in place. - Retail/Tasting Area will have bathroom and direct outside access The bonded area does not have outside access in the current site plan. We can work with the architect to build it in but it may cost us. Our plan was to move finished product pallets out of bonded area through the retail space to get outside for shipment. Is this do-able/feasible? Thanks in advance.
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