How would you make money? Would it all be on paper until you sell, or is there any cash income for you along the way?
Beer breweries are SOOO 2018. All the kids are opening and/or going to distilleries now...a "bourbon boom" if you will. I personally wouldn't pursue an opportunity in the microbrew world right now as they are about as common as Starbucks.
And let's not forget some of the recently popular trends in adult beverages: seltzers, premium liquors, and now...canned wine (belch!!!). A lot of headwinds for a microbrewery that just does beer.
Beer breweries are SOOO 2018. All the kids are opening and/or going to distilleries now...a "bourbon boom" if you will. I personally wouldn't pursue an opportunity in the microbrew world right now as they are about as common as Starbucks.
And let's not forget some of the recently popular trends in adult beverages: seltzers, premium liquors, and now...canned wine (belch!!!). A lot of headwinds for a microbrewery that just does beer.
In my town of about 100,000, there are 3 brewpubs within a mile of me.
Not to take anything away from @swakyaby's friends, but you rarely see posts describing business failures despite the fact that statistically half have failed after five years. Nassim Taleb calls the missing information "silent evidence."Two of my former colleagues went into business together 6 years ago to open a small brewery in town. It was a well thought out business plan with a master brewer and plenty of willing partners at the facility my medical group provided services for. One of the main partners did say it took 3 years for their business venture to begin to turn a profit. I saw cases of their beer being sold at the local Costco, prominently displayed. I think they’re doing well now.
Not to take anything away from @swakyaby's friends, but you rarely see posts describing business failures despite the fact that statistically half have failed after five years. Nassim Taleb calls the missing information "silent evidence."
Too bad Brewer12345 is no longer around to provide some insight but it seems like everybody is crapping all over this idea without any numbers for guidance. The gluten free piece is special IMO but may not be special for long. Just don’t get in over your head.
The numbers are out there, I just didn't include the ones I saw. I would assume that someone would do some due diligence prior to dropping some decent change on any kind of business. But, for other readers the consensus that I have seen is that beer consumption is down and seltzers, premium liquors, etc. are up.
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And while I also don't doubt the failure rates of brewpubs being mentioned here, I was surprised that the ones that I followed as they opened (I knew, or knew of, the brewer/owners), are all doing gangbusters years later.
-ERD50
Might try one, but almost certainly not to switch.A question for the general beer drinking audience, how many of you who can drink regular beer have a hankering to try or switch to gluten free beer?
Might try one, but almost certainly not to switch.
A gluten-free brewery would also have trouble running a taproom because of the need to keep gluten out of the whole premises. Hard cider, which I do drink, may be the 800 pound gorilla of gluten free alcohol.
A population of Irish descent may be important to such a business, as celiac is common among Irish people-including one of my nieces.
There are some sweet, (relatively) cheap ciders sold in both the UK and Ireland that have a bad reputation for such problems.Interesting; I noticed while visiting Ireland that cider is quite popular there. I remember a Rick Steves travel show that had a focus on cider. IIRC, some pub owners told him they didn't serve it because it made drinkers inclined to fight.