Are you interested in starting your own beverage business?
If managed well, beverage business ideas present great potential ahead. The first thing is identifying the best drink business ideas to start.
Luckily, there are different beverage business ideas you can start in 2023 and become a successful entrepreneur.
We put together a list of the most profitable beverage business ideas you can start today!
Here they are:
1. Start a cooler business
Some beverages taste better when served chilled or cooler than the room temperature. Thus, most people invest in a cooler.
To start a cooler business, first, decide the niche, A drinks cooler can be a portable container or installed on-premises. Then, define the target market and research their pain points. A cooler business can focus on brewers, retail shops, or end consumers.
Regardless of the target customers, you must ensure a unique product design and quality materials to attract customers and beat the competition.
How much you can make: $25,000 — $12,000,000/month
2. Start a wine tasting business
The wine industry is growing rapidly, making it a lucrative niche. With the growth projections, there is no better time to get into the winery industry than now. A great opportunity to explore is the wine tasting business.
A wine tasting business can be lucrative, and it is an inexpensive business idea. Ideally, a wine tasting business provides clients with an environment to sample new wine flavors. You do not need a sommelier certification to start a wine tasting business. In fact, with a business license and alcohol distribution permit, you can start your wine tasting business.
3. Start a drinking accessories business
Drinking accessories are handy tools used to make unique cocktails or enjoy certain liquors in a whole new way.
If you are creative, you can develop custom drinking accessories targeting bar owners or sell directly to end-users. You can sell drink accessories online or list them at a glassware shop.
How much you can make: $78,000 — $416,000/month
How long does it take to build: 130 days (?)
4. Start a drinkware brand
A drinkware brand sells home and houseware products like cups, koozies, mugs, and other drinking accessories. If you've decided to try and create a business selling drinkware, there are certain things you need to know. You can do it from the comfort of your own home. You can get started for free, avoiding the hefty cost of setting up a brick-and-mortar shop. And if you take advantage of the right marketing strategies, you could be on your way to making money within a few weeks. The demand for custom-branded drinkware in the workplace has increased substantially over the past decade.
How much you can make: $416,000 — $12,000,000/month
5. Start a hangover cure product
56% of drinkers have experienced a hangover! That's a lot of people dealing with headaches, nausea and general lethargy. The good news is that there is an entire industry devoted to curing hangovers.
How much you can make: $1,000 — $200,000/month
How long does it take to build: 365 days (?)
6. Start a brewery
If well-planned, a brewery can be a profitable business. However, starting a brewery is not a walk in the park.
Opening a brewery requires a lot of planning, involves many decisions, and is capital intensive.
If you have decided to start a brewery, you must comply with the legal requirements. Then, understand the startup costs involved in starting a brewery.
Your brewery business plan must indicate the brewery concept and outline the brewery funding plans.
How much you can make: $56,000 — $120,000/month
How long does it take to build: 365 days (?)
7. Start an online wine business
Starting an online wine business can be exciting and scary. However, if done right, the online wine shop can be profitable. To start an online wine business, identify a niche and conduct market research. Navigate the licensing, permits, and taxes and create a simple but functional website.
Whether you have your wine production plant or a dropshipper, focus on delivering quality service.
How much you can make: $150,000 — $1,000,000/month
How much does it cost to start: $1,500 (?)
How long does it take to build: 90 days (?)
8. Start a whiskey tasting business
A whiskey taster analyzes and gives feedback about the whiskey.
When you become a whisky taster, you approve the whiskey best for the customer.
Before starting a whiskey-tasting business, you must have expert knowledge about whiskeys so you can discharge your role in a whisky testing business. Your target customers can be whiskey manufacturers and those involved throughout the supply chain.
How much you can make: $17,500/month
How long does it take to build: 500 days (?)
9. Start a liquor delivery business
With the fad for ordering food and drinks online, owning a liquor delivery business can be fun and rewarding. Most liquor consumers today prefer skipping trips down the liquor store and instead order the drinks online.
To start a liquor delivery business, partner with liquor suppliers and focus on advertising their liquor online. When customers order and pay, you can take up the fulfillment task or have the dealer deliver to the consumer.
10. Start an alcoholic seltzer brand
A market research report has shown that the seltzer market size is growing annually and is expected to reach over $14 Billion in a few years.
Experts attribute the market growth to the brand's increased popularity among health-conscious millennials who prefer seltzer alcoholic brands due to the rich, satisfying taste.
To start own alcoholic seltzer brand, conduct market research, and define the target market. Conduct a competitor's SWOT analysis and develop a unique value proposition for your target customers.
How much you can make: $58,000 — $900,000/month
How long does it take to build: 139 days (?)
11. Start a drink shaker business
A drinks shaker is used to mix beverages by shaking when ice is put into the shaker to allow faster cooling.
As people become more health conscious and participate in sports and recreational activities, the demand for beverage shakers and other drinkware has increased.
Therefore, starting a unique brand of drink shakers can be a profitable business.
How much you can make: $78,000 — $300,000/month
How long does it take to build: 272 days (?)
12. Become a booze blogger
Do you love booze and want an opportunity to creatively express your love for beer? A booze blog shares wine, whiskey, and general booze culture content. A beer blog can be through writing, photography, video, or audio.
To start an alcohol blog, ensure you sign up for social media and get involved in the beer conversation. Share booze posts and encourage your audience to engage in booze discussion.
13. Become a social media influencer
Social media has become integral to people's lives and daily routines. Given the importance of social media, brands are flocking to different social media platforms such as Instagram, YouTube, Facebook, and TikTok in the hope of connecting with their target audience.
A popular approach taken by these brands is engaging social media influencers. A social media influencer has established credibility in a specific industry and has access to a vast audience they can persuade to act based on recommendations.
Anyone can become a social influencer so long as they have the right strategy. Choose a popular niche based on your interests and start creating relevant content.
How much you can make: $2,500 — $300,000/month
How much does it cost to start: $601 (?)
How long does it take to build: 155 days (?)
14. Start a hard kombucha business
Kombucha is a fermented, carbonated drink containing living microorganisms. The drink originated in Eastern Asia, but its popularity has spread globally thanks to its health benefits.
Consumers are increasingly interested in healthy products, which makes opening a kombucha store a lucrative business venture. If you want to start a business selling kombucha, you can prepare it at home and sell it at a drive-thru.
15. Start a boozy subscription box
For many years, drive-through liquor stores, wine & spirit shops, bars, and grocery stores have been the only ways to purchase drinks.
With the emergence of new technology came the delivery service powered by what millennials call the boozy subscription box. Through the subscription box, customers receive almost anything right to their doorstep.
The boozy subscription box involves signing up as a member and offers members a chance to expand their drinks horizon with hard-to-find wines, whiskeys, and other uncommon labels.
If you are interested in starting a business within the alcohol industry, you will probably consider starting the subscription box service.
How much does it cost to start: $1,500 (?)
How long does it take to build: 60 days (?)
16. Start a party punch product
Party punch product refers to a wide assortment of ready-to-drink, alcoholic, and non-alcoholic beverages. Premiumization of ready-to-drink party products with flavor, taste, and quality is expected to keep rising over the coming years.
Consumers have also become more health-conscious, and they prefer natural flavored party punch products. As party punch products emerge among the leading beverage segments, launching your party punch product can be a great business venture.
You can build a successful party punch brand with the right branding strategy and an effective marketing approach.
17. Start a koozie business
Koozie is an insulating sleeve used for keeping canned or bottled drinks cold. Often referred to as a beer cozy or a drink huggie, the koozie is an extremely recognizable item in the drinks industry.
You can build a profitable business if you are creative and can come up with a unique line of koozies. To start a koozie business, research the market and study the competition to understand what options they are giving their customers.
Then, come up with a uniquely designed koozie with attractive features and market it widely. You can sell koozies online or list them at a local grocery store, bar, or liquor store.
18. Start a cocktail class business
Cocktail classes teach the theory and techniques for creating basic bartender drinks. The mixology classes are ideal for bartenders and individuals who want to master the skill of mixing different flavors to make classic cocktails.
If you are in the catering industry, mixology classes is one of the easiest businesses you can start. If interested, you can begin lessons targeted to people interested in working in the bar and restaurant industry.
19. Start a wine tour business
Wine tourists visit wineries and vineyards where they experience gorgeous views and learn more about wine production. There are plenty of places that wine tourists can visit. To start a wine tour business, create a profile of your area’s top wineries and vineyards. Include different activities related to the wine tour business.
Then, market the trips to those attractive locations, showing the features the tourists can expect to see there. Wine tour businesses offer their customers a mix of luxury private tours to big group tours.
Hey! 👋 I'm Pat Walls, the founder of Starter Story.
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