While at the CBC this year I had a friend approach me with a question about contract brewing. They were talking to a high-falutin brewery consultant about their expansion when the consultant suggested they contract brew rather than build a new facility. Lil’ background on this brewery: 15k bbl of production, and growing Million dollar […]
Contract Brewing: An Insider’s Guide to “Nomadic” Brewing Read More »
As a father of three, I find myself asking the question; does everyone get a trophy? Correct me if I am wrong, but when I was between the ages of 8-14 did everyone get a trophy? I don’t exactly remember it working that way. What I do remember is being mediocre at every sport I
Does Everyone Get a Trophy? Read More »
2018 is off to a weird start for breweries. Many of my predictions in the 2018 Crystal Ball post are happening faster than I anticipated. Let me reiterate, the craft brewing industry is NOT A BUBBLE. Historically, bubbles are associated with products or services that have no tangible value to them. They appear, grow, and pop all
I have a challenge for you Read More »
It’s that time of the year again! For those of you who may have missed it, below were my crystal ball predictions for 2017. 2017 Prediction What actually happened Craft beer revenues grows 5%-7% Average revenue growth of breweries was between 4%-5% The price of contract brewing decreases by 40% at the end of 2017.
I received this email a while back about brewery valuation and sale and wanted to share… Chris, We are a small brewery about to celebrate our 4 year anniversary. I think our growth has been strong over the 4 years since we have doubled capacity year over year. Our sales are primarily taproom (beer only)
Brewery Valuation Question Read More »
January is a weird part of the year for craft beer. Breweries are accustomed to writing it off as a slow part of the year. What if you have a strategy in place? I have found that business owners relate strategy to 3 distinct characteristics. Lofty goals Missions Values While these “business terms” are critical
Wintertime Strategy Read More »
It’s Thanksgiving Week! We’re hosting, kids are home, I’m cookin’……Life is good. Before I get into the tax tip I want to share a story of thanks with you. If you are a brewery and work with us, you know Bridget. Ask any of our customers, and they will tell you Bridget is awesome. She
Tax Tip Tuesday E.9 – Tax Reform Read More »
I’m sure you have heard that tax reform is upon us. Exactly what, when, or how is yet to be determined, but I am certain it is happening. I will dedicate the next two Tax Tips to explain how the changes will affect your business and personal taxes. This week I will share my thoughts
Tax Tip Tuesday E. 8 – Tax Reform Read More »
Hey, here we are 7 weeks into our Tax Tip Tuesday series, have they been informative? Let me know. While all this info is super important for wealth creation, I can’t wait to get back into the strategy posts. I have been traveling, speaking, and helping breweries push through the plateau. Yes, I said plateau;
Tax Tip Tuesday E.7 – Depreciation Read More »
Happy Halloween Everyone! My kids are dressing up as 2 Minions and a Poppy (Trolls) They have me going as Gru…. As promised, this week is going to be about tax credits and deductions. Every brewery in the land should be trying to take advantage of the following: FICA Tip Credit Domestic Production Activity Deduction
Tax Tip Tuesday E.6 – Deductions and Credits Read More »