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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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
I am weary of throwing prediction info around. But this year I said, why not? Here are my predictions for 2017: Craft beer revenues grows 5%-7%. The price of contract brewing decreases by 40% at the end of 2017. Restaurant Groups and Real Estate groups begin buying breweries Foreign beer groups begin buying US breweries
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In-case you missed the sexy INTRO to this topic Let’s digress for a moment and define the “Back-office.” – n. slang for location in brewery where the paperwork magic happens. (digression end) So what goes on in the back office? Hiring, firing, ordering, loitering, receiving, shipping, counting, Accounting, costing, payroll, utilizing, collaborating, reporting, tracking, paying,
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Since this is a super interest of mine, I am going to break it down into two posts: 1) Technology is a Tool and 2) Technology Suggestions for the Back-Office: A burning question that kept surfacing at the conference was, “what software are you using?” When I start working with a brewery I always preface
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Boring stuff: Depreciation is the benefit you receive over a given time period from the capital assets you purchased (tank, fermenter, canning line, etc) Unlike monthly recurring expenses (utilities, office salaries, supplies) capital assets are placed on the balance sheet rather than the profit and loss. The depreciation from these assets is what appear on
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