PURCHASE PRICE AND MEMBERSHIP OF 180 FOUNDING FATHERS  

 

Whiskey Type Cask Type First Fill Average Cask Strength Approx. cask capacity at fill Estimated number of 70cl bottles Cask Price
Single Malt Ex-bourbon 63.5% ABV 200 litre 350 (46%ABV) €6600.00

Alternative cask-type arrangements may be availed of by request and specific agreement.

 

COST OF OWNERSHIP

The total cost of ownership is calculated as follows:-

 

  • Original cost of cask is €6600.00.  
  • Taxes become payable on release from bond.
  • Revenue charge Irish Duty estimated on yield of 112 LPA per cask at current alcohol tax rate of €42.57.  This is approximately €4767.84.
  • VAT is payable on the combined original cost and duty estimated at €2614.60.  VAT registered founding fathers may reclaim VAT.
  • Total cost on release from bond after 5 years or more is €13,982.44.
  • Minimum retail value per bottle should be in the order of €65.  Your cask should yield circa 350 bottles giving a retail value of €22750.00.
  • Giving the nature of exclusivity of your investment you may well achieve a greater return as is common in the secondary auction market.
  • A small annual fee is payable for members who wish to leave cask under bond beyond 5 years.

 

Above does not include bottling cost, shipping/ delivery to your destination.

 

PURCHASE PROCEDURE

 

  • Ensure you have read full terms and conditions and then complete purchase order form.
  • Full fee per cask is €6600.00. You may pay a discounted price of €6000.00 upfront availing of a 10% discount until 31st December 2019.
  • Alternatively, you may pay a non-refundable deposit of €2000.00 with your purchase order.  The balance of €4600.00 is payable within 60 days.  Instalments may be arranged.
  • Prices quoted are per cask UNDER BOND, excluding bottling, shipping, duty and VAT.
  • A receipted deposit acknowledgement will be issued to you.
  • After filling the casks you will be sent a stock certificate detailing the cask number, type, capacity, contents and strength.
  • We will then place one bottle of new fill póitín into your dedicated cell in our Founding Fathers Vault.
  • This offer is aimed at individuals or small groups who want to own their own unique expression and to experience their own dram once bottled.