Pirate's Grog Rum successfully raised £40,200 to fund the production of 3,350 bottles 1756 days ago. Check back soon for more offers.
Pirate's Grog Rum
Pirate's Grog Rum is a boutique British rum producer importing premium rum from the island of Roatán.
Gareth Noble & Beth Jones, Co-Founders
repaid
Paid back in full on
15 Feb 19
9 days early!!!
Offer Details
NOW
Already funded!
Earn
6.5%
In 6 months
EquivAlent to
13%
per year
-
Updates & Files
OFFER LAUNCHED: 16th August 2018
Pirate's Grog Rum has been growing turnover at 100% per year for 4 years. In its last full year it sold £350k of premium Honduran rum.
Founders Gareth Noble and Beth Jones are now gearing up for a busy Christmas season. They are funding the production of 3,350 bottles of Pirate's Grog Rum and would like your support.
They are raising £40,200 at £12.00 per bottle. In exchange they are offering to repay in 6 months plus 6.5% or 7.0% PRIME. That's an annual rate of up to 14.4%. You'll also become a Friend of the brand.
Pirate's Grog Rum has been growing turnover at 100% per year for 4 years. In its last full year it sold £350k of premium Honduran rum.
Founders Gareth Noble and Beth Jones are now gearing up for a busy Christmas season. They are funding the production of 3,350 bottles of Pirate's Grog Rum and would like your support.
They are raising £40,200 at £12.00 per bottle. In exchange they are offering to repay in 6 months plus 6.5% or 7.0% PRIME. That's an annual rate of up to 14.4%. You'll also become a Friend of the brand.
UPDATE
Offer Details
NOW
Already funded!
Earn
6.5%
In 6 months
EquivAlent to
13%
per year
-
what's being funded?
Pirate's Grog Spiced Rum & Black Ei8ht Coffee Rum Liqueur
3,350 bottles funded by 82 backers
EARN OVER 6.5%FUNDED£40,200- 3,000 bottles of Spiced Rum
- 350 bottles of Black Ei8ht
- Black Ei8ht Coffee Rum Liqueur sold in gift chests with chocolate
- Winner World Liqueur Awards 2017
- Made in small batches in Roatán
-
The Proposal
Christmas and New Year is the busiest time for Pirate's Grog Rum. The company is currently selling £50-75k per month across all outlets. Forecast sales for the 2018/19 tax year are over £700k.
The company are about to manufacture 6,000 bottles of their Spiced Rum and 700 gift chests of their award-winning Black Ei8ht Coffee Rum Liqueur in anticipation of high demand.
Pirate's Grog will fund half of the production costs from their own turnover and would like to raise the remaining £40,200 of costs from PrimeStox investors.
In exchange, they are offering to repay in 6 months plus a profit of 6.5% and 7.5% for PRIME investors.This is an equivalent annual return of 13.4% or 14.4% PRIME.
The offer is backed by the product. That is 3,000 bottles of Spiced Rum (700ml) and 350 bottles of the Black Ei8ht Coffee Rum Liqueur (500ml) including the 350 rum chocolate bars.
You'll also become a Friend of the brand.
Product Made InRoatán, HondurasCompany HeadquartersLondon, EnglandCo-Founder NamesGareth Noble & Beth JonesAmount£40,200Profit6.5% standard or 7.0% PRIMERepay date25th February 2019Security3,000 bottles of Spiced Rum, 350 gift chests of Black Ei8ht -
Where’s It Selling?
The Producer
Pirate's Grog Rum was conceived on the island of Roatán in 2012.
Co-Founders Gareth Noble and Beth Jones were living on the island met a master distiller. Together they planned the import and distribution of the superb locally produced rum to the UK and abroad.
Gareth was previously Product Development Manager for a listed UK company. Beth is a marketing expert who helped to build a successful music marketing startup into a market leader.
Pirate's Grog is sold in the UK through the on and off-trade (restaurants, bars and retailers). This includes shops such as Harvey Nichols and bar chains such as the Marylebone Group.
Bottles and gift sets are sold online through e-commerce portals Master of Malt, Whisky Exchange, Drink Finder and Pirate's Grog's site.
The rum is also exported to nine territories outside the UK including Holland, Belgium, France and Italy.
Pirate's Grog has a special focus on events. This year they have been invited to Notting Hill Carnival to run a bar in the largest cordoned-off area of the event. This is to celebrate the 15th anniversary of top UK music band Chase & Status.
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