Rather than launching a new Florida alcoholic beverage manufacturer, it might be better to buy an existing operation. The Buyer gets a built-out premises, with all the equipment and buildout already in place, and a built-in customer base. The Seller gets to move onto other things. Business transfer transaction are always complicated, and even more so in a heavily...
Continue ReadingStarting a new beverage manufacturing business takes more than a good beverage, it takes money. Selling ownership shares in your business is an attractive source of start-up funding, but it’s risky. When you take money from investors in exchange for ownership, two things are true. First, your investors expect you to deliver on your promises about the success of...
Continue ReadingHave you every watched a runner take a hard fall during a marathon? That’s how I feel about Mile Marker Brewing Co.’s closing its taproom last week. I am sure it was a hard decision for the Mile Marker team, and I wish them the best. I do not have any special insight into the situation at Mile Marker,...
Continue ReadingThere were no new brewpubs who joined the rank of active Florida brewpubs in March 2014. McGuire’s Irish Pub and Brewzzi again top the monthly sales rankings, but newcomer Tomoka Brewery and Fermentation Lounge had big months. Sailfish Brewing Company made the jump to the production brewery roles. It’s all on The Brewpub Report. Notes about The Florida Brewpubs Report...
Continue ReadingThe number of active Florida breweries increased by 4 in March 2014. Newcomers include Motorworks Brewing, Six Ten Brewing, Sea Dog Brewing Co. – Clearwater, and BrewHub. In addition, Yuengling Brewing Co. – Tampa is back in action, and Sailfish Brewing Co. makes the jump from the brewpub ranks. They’re all reflected on The Florida Breweries Report. Notes...
Continue ReadingAs Florida-made craft beer, spirits, and wine continue to grow in popularity, Florida beverage manufacturers may find it hard to keep up with demand. Every growing manufacturer must ask: Should we expand? Deciding to expand involves answering a slew of questions, all while keeping existing production on track. This article reviews four primary questions a manufacturer must answer when...
Continue ReadingIt’s budgeting-season again for many business owners. As you’re putting together the budget for your brewery, don’t neglect to include legal expenses. A legal budget gives yourself advanced permission to call us for the legal needs of your brewery. Your brewery’s legal budget should have two parts:
Continue ReadingBeverage manufacturers–breweries, wineries, and distilleries–are often the creation of a core group of owners. One of the owners might be the mad-scientist brewer, who loves to create new style-busting beers. Another might be the marketing genius, who believes that a beer can be sold with the right branding and marketing. Still another might be the financier, who knows a...
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