Are you the kind of person who finds it hard to resist a cool G&T at the end of hard day’s work, or even at the end of hard day’s loafing? Are you also the kind of person who likes to invest in and back exciting new companies led by experienced founders with a track record of success? If so, Angus Lugsdin and Howard Davies, the founders of Salcombe Gin Company, may have the perfect opportunity for you.
The duo are looking to complete a £900k equity raise to fund the launch of a new Gin Distilling Company in the drinks sector, Salcombe Distilling Company Limited.
The venture is eligible for both SEIS and EIS tax breaks, which for the uninitiated means that you can offset income tax against the investment and claim back the majority of what you have invested should the company fail.
Lugsdin and Howard are planning to make the money they raise work hard, however, and have enlisted the help of award winning master distiller Jamie Baxter, who has worked with Chase Vodka as well as launching two of his own start-up gin distilleries, to get the juniper rolling. Other team members include ex-Bacardi Global Image Director Nick Marshall, and a Chartered Accountant and Marine Research Company Finance Director, Charlotte Davies.
The distillery will be housed on the first floor of a new purpose built “boathouse” on the the site of the Island Cruising Club boat store and workshop, in Salcombe, the well-known holiday destination and yachting mecca on the South coast of Devon.
With floor to ceiling glass windows and a bar seating area with a waterside aspect the distillery will also be accessible by boat so that customers form the 7,000 yachts that visit Salcombe each year will be able to bring their tenders up the creek to visit the distillery, tides permitting.
Using only the finest Juniper, Salcombe Gin Distillery have also ordered a bespoke 450l copper pot from Markdorf in Germany, a company renowned for manufacturing the finest stills in the world. The high copper compact produces an extra smooth and pure spirit, absorbing unwanted chemicals and crucially because of its size, leaving plenty of room for the business to scale.
Salcombe Gin Distillery will even develop their own Gin making school where customers will be allowed to take part in the gin making process, mix ingredients, and take home a bottle of “home brew” with their own personal label.
There are worse things than sun, sailing and enjoying luxury drinks brands on the Devon coast, so if you feel inclined to help the team bring their business plan to life, and be part of a brand with a high0-achieving team behind it and plenty of ambition to scale the business and disrupt the existing gin market, you can contact them here. Minimum investment is £10k.