5094 Distilling LLC | Application Preview
5094 Distilling LLC is seeking government grants for the renovation of the historic Old Lewis Hunter Distillery property in Lair, Kentucky. This site features buildings constructed between 1854 and the 1950s, which require extensive cleanup and refurbishment, including the removal of asbestos.
The business plan is structured in two phases. Phase 1 aims to clean up the property and restore at least one building over the next 2-3 years. During this phase, the company intends to obtain necessary federal and state licenses and will start purchasing new barrels for aging bourbon sourced from Glenns Creek Distilling.
Phase 2, projected for 3-5 years, focuses on selling sourced bourbon and other spirits, offering tours and merchandise, and beginning the distillation and aging of various spirits, including bourbons, whiskeys, and tequila.
The funding is justified by the strong growth in Kentucky's bourbon industry, which is expected to continue for at least the next 15 years, with a significant portion of the global market still untapped. Additionally, the project emphasizes the importance of preserving the historic property and maintaining local traditions in Harrison County.
The competitive landscape includes Glenns Creek Distilling, Whiskey Thief Distilling, and Bourbon 30, with 5094 Distilling LLC's unique advantage being the revival of a historic distillery site. Their commitment to craft, pot-stilled single barrels, and untapped market potential in Eastern Kentucky further differentiate them in this thriving industry.
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General Information
Business Registration Number: 88-4297703
Location: Frankfort, KY, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $100k to $250k
Open to Loans: YES
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Funding Usage
Renovation of the former Old Lewis Hunter Distillery property, DSP-KY-15 in Lair (Cynthiana), KY (Harrison County). Historical buildings date from 1854-1950's. Buildings require complete cleanup and refurbishment, including asbestos abatement.
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Business Plan
Phase 1 (2-3 years) Focusing on property cleanup and gaining occupancy of at least one building. Obtaining all federal and state licenses. To support revenue streams, purchasing full new make barrels and setting back for aging KY Bourboun from Glenns Creek Distilling Phase 2 (3-5years): Begin selling sourced bourbon and other spirits plus tours/visitor experiences and enhanced merchandise. Begin Distilling and selling clear spirits, Begin Distilling and aging bourbons, whiskeys, and tequilla. Kentucky's bourbon industry is in a boom with no downturn forecasted in the next 15 years as the majority of the global market remains untapped (>9]% domestic). I am saving a historic property and keeping the history and traditions alive in Harrison County.
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Self Identified Competition
Glenns Creek Distilling (informal partner) Whiskey Theif Distilling Bourbon 30 Reviving a former distillery site, so I have the historical edge. All products will be craft, pot-stilled single barrels. Eastern KY remains largely untapped. My drive and passion.
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Contact Applicant
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