Office Space Expenses

$0

$7,000

Employee & Freelancer Expenses

$151

$352

Website Costs

$223

$7,215

Business Formation Fees

$5,600

$20,400

Equipment & Supply Expenses

$66

$1,200

Retail Business Expenses

$1,250

$11,650

Food Business Expenses

$2,425

$37,400

Inventory Expenses

$50

$9,750

Software Expenses

$150

$2,495

Advertising & Marketing Costs

$75

$5,286

Total Startup Costs

$9,990

$102,748

Dogfish Head Craft Brewed Ales | Off Centered Stuff For Off Centered People

dogfish.com

372,771

Homebrew Academy

homebrewacademy.com

398,369

Black Tap Craft Burgers & Beer

blacktap.com

504,028

The Crafty Pint

craftypint.com

732,996

Craft Cartel Liquor

craftcartel.com.au

741,447

craftcentral.ie

craftcentral.ie

747,551

Flavourly.com

flavourly.com

781,750

GABS Craft Beer & Cider Festival

gabsfestival.com

889,415

Brass Tap Beer Bar

brasstapbeerbar.com

1,051,180

American Craft Beer

americancraftbeer.com

1,145,862

Bierstick

bierstick.com

1,210,111

Flexibility

You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.

Scalable

With businesses and processes changing daily, there will always be demand for new features, products and services for your business. Additionally, there are several different business models and pricing tiers you can implement that will allow you to reach all types of customers.

Meaningful business connections

You never know who you will meet as a craft beer business. This could be the start of an incredible business opportunity!

High customer retention rates

Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.

High margins

The gross margins for your craft beer business are typically around 77%, which is considerably high and allows you to grow your business and manage costs easily.

Unlimited income potential

With starting a craft beer business there is no cap as to how much income you can make. The stronger your business skills and the more energy/time you put into your career, the more you'll make.

Security Issues

With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.

High employee turnover

In the craft beer business, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.

Taxes

As a craft beer business, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

You may need to charge sales tax

If you are selling your products in various states, you may be required to charge sales tax. Although this may not impact your financials specifically, it can be a headache to create a process and procedure for this. To learn more about sales tax, check out this article

Churn

In this business, customers can cancel their membership or subscription for your services - which can make revenue forecasting challenging and unpredictable. It's important to focus on your churn rates and trends so that you can prevent this as much as possible.

Time commitment

With starting a craft beer business, all responsibilities and decisions are in your hands. Although this is not necessarily a negative thing, work life can take over at times. This can place a strain on friends and family and add to the pressure of launching a new business.