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Palm Republic Rum

Palm Republic is an Ultra Premium Rum. A unique blend between 2 regions (Panama and USVI) - aged 8 years in sherry casks. From the bottle to the taste - one sip and you'll be stress free thinking of warm weather and your next vacation.

Winchester, VA 22601, USA

One Liner

One Liner
Palm Republic is an Ultra Premium Rum. A unique blend between 2 regions (Panama and USVI) - aged 8 years in sherry casks. From the bottle to the taste - one sip and you'll be stress free thinking of warm weather and your next vacation.

What Problem We are Solving

Problem
Rum is the last spirit category to preimmunize. There are nice whiskeys, vodkas, tequilas, etc., but no one owns the category of Premium Rum. According to consumers, rum has a favorable perception (82% vs 72% of vodka), a more approachable taste profile than other spirits (78% vs 71 of whiskey) and consumers have indicated they want to spend money on higher quality rum (33% more than any other spirit), but a lack of options in the market place does not allow them to. Palm Republic will be the leader of the Ultra Premium Rum category, making it ok for customers to order 'Rum on the Rocks' at a bar again.

About Us

About Us
Our inspiration came from our love to travel. We love to visit different, tropical locations, beaches, resorts, etc. There is nothing that goes better together than rum, sun and the beach. Upon returning home, we constantly want to feel like we are still on vacation - rum is that connection. However, there are so few choices of quality rum domestically. Palm Republic is classy, but approachable. Quality enough to drink neat, but perfect for cocktails. Most importantly Palm Republic transports the drinker back to the care-free, relaxing state of vacation - wherever that may be. Palm Republic Light Rum is incredibly refreshing - it contains notes of Tropical Fruit and finishes slightly sweet. It appeals to Vodka and Tequila drinkers and can be enjoyed on the rocks with a lime. Palm Republic Dark Rum is aged for 8 years, which creates complexity that appeals to dark spirit drinkers. However, it finishes clean and slightly sweet without a burn which appeals to a broader group than bourbon or whiskey can.

Venture Highlights

Highlights
Palm Republic is a New Launch in 2024.

Business Model

Business Model
As part of the US Three Tier System - we must sell our product to a wholesaler, who sells it to a retailer, who sells it to consumers. We have committed distributors in each market we will launch. We've also brought on sales forces in each market we will launch. 

Competitive Advantage

Quote
Palm Republic is a unique as it is a rum blend between 2 totally different regions (Panama and USVI). The blends have been curated for several years. 
Our Dark Rum is aged in sherry casks for 8 years giving it a very distinct, complex flavor that appeals to dark liquor drinkers. Unlike bourbon or whiskey, Palm Republic finishes sweet and without a burn - which appeals to a broader base of consumers. 
Our Light Rum is made with local ingredients and blended until it finishes smooth. It is clean enough to drink neat or perfect with cocktails - appealing to vodka and tequila drinkers.  

Revenue

Revenue To Date
N/A
MRR
$560.00
Revenue YTD
N/A
Burn Rate
$70.00

Users

Total Users
N/A
Total Users (Past 30 Days)
N/A
Daily Active Users
N/A
Monthly Active Users
N/A
Total Paying Users
N/A
MoM Growth Users
N/A
Organic Traffic %
N/A

Customer Costs

CAC
N/A
LTV
$36.00
Churn
50%
Margins
47%

Go-To Market Strategy

Business Strategy
Each bottle has to be sold to licensed distributors, who sells to licensed retailers, who sells to the end consumer. 
We have a robust marketing plan to ensure bottles are pulled off the shelf including - tastings, events, large scale sponsorships (World Surf League, Pickle Ball, LIV Golf, etc.), influencers, travel promotions, BOGOs, discounts, etc. These are all outlined in the attached deck. 

Competitive Analysis

Competitive Analysys
Palm Republic is unique in the fact that it is a blend from 2 totally different rum producing regions (USVI and Panama). 
It is aged up to 8 years which creates a complex taste profile, but still with a smooth finish. 
It is distilled using local ingredients and processes, but imported and bottled domestically. 
Competitor Website
RL Seale Rum altamarbrands.com
Ten to One Rum www.tentoonerum.com
Diplimatico Rum rondiplomatico.com

Networking

Networking
We are open to meeting up to grab a coffee, or just to chat. We would really enjoy your feedback and insight into our venture and would be happy to discuss anything that you are currently working on to see if we can be of service!

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Capital

Loading...
Name Amount
Amount Left $2,500,000.00
Amount Raised (This Round) $0.00
Amount Raise To Date $500.00
Investment Type N/A
Type of Raise Equity, SAFE, Convertible Note

Valuation
N/A
Grant Dollars Awarded
$500.00

TAM SAM SOM

TAM
$15.00
SAM
$15B
SOM
$35.00

Business Stage

Business Stage
Beta

Business Type

Business Types
Investor-Backed, Lifestyle

Categories

Food
Travel