Cocktail Syrups For At-Home Bartenders
Pratt Standard Cocktail produces a line of premium craft cocktail syrups. These syrups give consumers access to the same quality ingredients as bars so they can make their favorite cocktails at home.
The company’s product lineup includes tonic syrup made from natural sources of quinine, a ginger syrup made from whole ginger root, and a grenadine syrup made from pomegranate juice and cane sugar. Each syrup is inspired by pre-prohibition recipes, meaning they’re all made without synthetic chemical additives used in most modern mixers.
Pratt Standard’s syrups are available in retail outlets in 14 states and sold on Amazon.com. The company has doubled its annual revenue each of the last three years.
Similar companies in this space have either gone public or been acquired.
Fever-Tree (OTCMKTS: FQVTF), for example, is a producer of drink mixers that was founded in 2004, and today has a market cap of more than $4 billion. In addition, Stirrings, a company producing a line of cocktail syrups, was acquired by Diageo (OTCMKTS: DGEAF), one of the world’s largest producers of alcoholic beverages.