The Indie Beer Show – Episode #13: Brewery Startup Financials 101

In this episode of TIBS! we are discussing a lot of the costs of opening a brewery in San Diego. We are joined by the Finance teacher from the SDSU Business of Craft Beer Certification program, Debra Druther, future 15 BBL North Park brewpub owner, Steve Billings, and Jonathan Barbarin from Thunderhawk!

We go through a great deal of the costs you need to consider when developing your business plan; John and Steve offer their insight on their planned costs and what reality was/looks like it will be. I offer some insight into costs related to opening a Brewery Igniter Program , which underlines one important fact, there is no way to open a brewery without a lot of cash on hand; whatever you’re thinking you would need in your mind right now, double it.

As the show deepens you’ll hear the drastic costs differences between a nano brewery mainly built by its owners and a premium brewpub designed and built by San Diego’s best. Many times there were jokes about if they had really known what the real costs and timelines were going to be, they may never had even attempted to open a brewery. I have often said it takes an almost unrealistic, positive attitude, and extreme confidence in one’s self to overcome the mountain of hiccups and challenges even the best planned breweries encounter, long before they can sell even one pint of delicious beer.

We’re very happy to offer you some insight from “behind the curtain” and highlight some of the vast cost differences between brewery sizes here in SD. Steve and John were both very open in regards to their actual budgets and costs and I thank them heavily. This is one of the aspects of the industry in San Diego that makes it very easy for us to do our jobs; I highly doubt many business owners would “open their books” and tell the public what it cost to build their location.

A giant thank you to also goes out to Debra for offering her expertise and wisdom! Get comfortable with an #indiebeer by your side and hit the play button!
 

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