Want to know exactly how much it costs to start a micro brewing business? here is a detailed analysis of the start-up costs of a micro brewery and fundraising.
By giving you:
- Beer Industry Review
- Market study and feasibility
- Microbrewery business plan
- Microbrewery Marketing Plan
- Microbrewery name ideas
- Microbrewery licenses and permits
- Start-up cost of the microbrewery
- Marketing ideas for microbreweries
We’ll see how much it costs to start a business from scratch, including operating costs.
How much does it cost to start a microbrewery?
When it comes to a brewing business, there are many factors that influence the amount it will take to start a successful business, factors such as where you are going to start the business, the type of business brewery you want to start, the size of the brewery you want to open. your target market and, of course, the state of the economy when you intend to start a business. …
Regardless of where you are going to start your brewing business, you will need to complete most of the points listed below;
- Total business registration fees in the United States of America 750 USD.
- Legal fees for obtaining licenses and permits, as well as accounting services totaling 2,500 USD.
- Brewery-specific marketing promotion costs (2,000 flyers at $ 0.04 per copy) totaling USD 3,580.
- The cost of hiring a consultant – 2,500 USD.
- Insurance coverage (general liability, workers’ compensation and property damage, etc.) for a total amount of 2400 USD.
- The cost of paying rent for 12 months at $ 1.76 per square foot total 52,800 USD.
- Cost of rebuilding facilities 10,000 USD.
- Various office supplies ($ 500) and telephone and utility bills ( 2500 USD ).
- Operating expenses for the first 3 months (employee salaries, bill payments, etc.) 60,000 USD
- Initial inventory cost $ 16,027
- Cost of brewing equipment (microwave, toaster, dishwasher, refrigerator, blender, etc.) 18,000 USD
- Storage equipment (containers), drainer, shelves, glass case) 3720 USD
- Counter equipment costs (counter, sink, ice maker, etc.) 9,500 USD
- Cost of equipment for the service area (glasses, cutlery) 3000 USD
- The cost of store equipment (cash register, security, ventilation, signs) 13,750 USD
- Office equipment and furniture 3600 USD
- The cost of purchasing furniture and gadgets (computers, printers, telephones, televisions, audio systems). , tables and chairs, etc.): USD 4000.
- Website launch cost: 600 USD
- The cost of our introductory evening: 5000 dollars
- Various: 2500 dollars
Based on the marketing research report and feasibility studies, you will need an estimate of 750,000 USD successfully establish a small brewery (microbrewery / craft brewery) in the United States of America. The amount includes the salary of all employees and the CEO (owner) for 3 months.
If you want to operate a mid-sized brewery in the United States of America, you just need $ 1.5 million … And if you are planning to open a large brewery that can compete nationwide in the United States of America, you should expect to receive more $ 5 million as start-up capital.
Finance your craft brewery business
It is often said that money is the lifeline of any business. There is no doubt that raising seed capital is perhaps one of the biggest challenges for entrepreneurs; it can be difficult to raise capital to start a business idea. Your business idea needs to be feasible and promising so that you can get funding from financial institutions or angel investors.
The first thing to do before looking for start-up capital for your business is to create a detailed business. plan. With a good business plan, you can easily convince investors to invest in your business. The truth is, no bank can give you credit if you don’t have an effective and achievable business plan. Plus, investors won’t take you seriously if you don’t have a local business plan before you head to your seed capital.
There are several options for raising funds to finance a start-up business. Some of the options are:
- Collect money from personal savings and sell personal stocks
- Raise funds from investors and business partners
- Apply for a loan from a bank
- Transfer your business idea and apply for business grants and seed funding from donor organizations and angel investors
- Look for loans on favorable terms from family and friends.
