I had three inquiry calls last week. One question I always ask is, where are your distributing? All three breweries used the term “hyper-local.” Two of them asked about a strategy to move past “hyper-local” once they saturate “hyper-local.” As many of you know dominating 30-50 miles from the brewery is a criteria for […]
I recently wrote a post about Gross Profit vs Gross Margin, it was nice. Piggybacking off that topic I want to explain the differences between Markup vs Margin. More specifically, what it looks like at different points in the supply chain. In the margin vs markup game, margin wins….always. Distributors and Retailers work off margin.
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Since taproom pricing is a personal mission of mine, I thought I would lay out 3 reasons to increase your on-premises pricing. Average price per pint in the US is $3.62. Are you above or below that? Jeez, I hope above. I will assume you are at $4.00 or $4.50 per pint. What are
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Q: How important is operational process for my brewery? A: As polite as I can say it, if you are not growing, you’re dying. Before I get preachy on you let me define growth: increasing profit. Dude, the question was about process, how did you get to profit? Well they go together. Growth (profit) is
Since taproom pricing is a personal mission of mine, I thought I would lay out 3 reasons to increase your on-premises pricing. Average price per pint in the US is $3.62. Are you above or below that? Jeez, I hope above. I will assume you are at $4.00 or $4.50 per pint. What are
A common question I get is: what is the quickest path to profitability for a brewery. We all know the answer is the taproom. The other day I got a curveball to that question. A successful software developer asked: What is the quickest way to profitability while investing the least amount of money. My reply
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We start each post with CC to remind the reader we are Crafting Candor. Our unique and honest information delivery sets us apart. Add in our knowledge and we are deadly. We understand we are not for everyone, and that’s ok. Our customers experience a shortcut to success. -cf
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What do the following groups have in common: Mom + Camera + LLC Brewery operator + Finance background Nothing. They both have better compliments If we are ever on the phone, ask me about moms & cameras, I have a hilarious story. Finance people are great at reading spreadsheets and raising
Small Batch Standard Services We have developed a specialized knowledge for the brewing and distilling space. Below are our core services, you can learn more about them on our home page or by contacting us. Back office process design Client Accounting Service (outsourced bookkeeping) Taxes (Federal, State, Excise, TTB) Tax Credit calculations for manufacturers Strategic
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Most microbreweries and brewpubs should be aware of three tax saving provisions they are most likely eligible for. The provisions consist of two tax credits and one deduction, it is important to have a tax professional position the company to take best advantage of them. The three provisions are: FICA Tip Credit Domestic Production Activity