This Business News Story Was Uncovered By Us From: http://www.youngupstarts.com/2019/04/15/how-to-start-your-own-craft-beer-business/
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by Katie Lundin of crowdspring
Between 2012 and 2017, the number of craft breweries in the US increased from 2,420 to 6,266 – an increase of 159%!
It’s no wonder craft beer is so popular.
Starting a brewing business is hard work. But we’re here to help.
Here are 5 of the 9 steps you’ll need to know to start your own brewery business. If you like what you read here, be sure to read the complete 9 step guide on how to start a brewery business.
1. Choose a business model.
In our guide on how to start a small business, we suggest that aspiring entrepreneurs choose a niche for the best chance at success.
The Brewer’s Association for Small and Independent Craft Brewers identifies four separate market segments for the craft beer industry:
Microbrewery – The BA defines a microbrewery as one that produces fewer than 15,000 barrels of beer per year, and sells 75% or more of its beer offsite. Microbreweries may include a tap room that sells beer onsite.
Brewpubs – Brewpubs are restaurant breweries that sell at least 25% of their beer onsite. In some states brewpubs can sell beer, wine, and spirits from other manufacturers as well, other states prohibit this.
Contract Brewing Company – In this business model, one business hires another brewery to manufacture their beer. The contract company would handle the other business aspects such as distribution, marketing, and sales.
Regional Craft Brewery – This category is somewhat vague. The BA defines it as “An independent regional brewery with a majority of volume in “traditional” or “innovative” beer(s).”
Once you’ve decided which overall business structure is the right fit for you, we recommend that you write a business plan. For more information about how to create a busine… Read More
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