Planning For Profit In The Brewing Industry
Thursday, October 3 | 12:30 pm - 2:15 pm
Are you a homebrewer with aspirations of taking your craft to the pro level? Or are you working in a brewery now with dreams of running your own show? Maybe you already have a commercial brewery of your own, but you know it can be better.
Join us for a light lunch, beer (of course), and an hour of learning how to start and run a profitable brewery. The reality is that making good beer is only half the battle. A brewery is often a passion project, but ultimately it’s a business. If you’re not making money, you won’t be open long.
Industry experts Justin Sisley of Digidern Bookkeeping & Accounting and Cyndi Finkenbinder of Alpha Omega Accounting will show you what it takes to make sure your beer can be enjoyed by many for years to come.
We’ll answer some of the most common questions on the minds of those who want to run their own pro brewery.
- How much does it actually cost to start a brewery? (And we won’t just give the standard “it depends” answer)
- How do I come up with the money to open a brewery?
- I know I need a brewhouse and a building, but what other costs will come with opening a brewery?
- Should I can/bottle? Should I distribute at all?
- What kind of profit should I see on our beer?
- What should I budget for labor costs, marketing costs, material costs, etc?
- How do I keep track of all these costs?
- I’ve never owned a business before, how do I hire and pay staff? How much should I pay them?
- How much beer do I need to sell to remain profitable?
Along with answering the above questions (and more) we’ll have time for Q&A, so you can get all your financial related questions answered before you head to GABF.
12:30-12:45 – Mingle, grab some food and a drink
12:45- 1:30 – Presentation
1:30- 1:45 – Q&A
1:45- 2:15 – Networking