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Old 05-15-2009, 02:30 PM   #11
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If you decide to not go for it and this investor wants to find a young brewer with an MBA, I know where to find one.

Hint: me



Good luck with what ever you do.



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Old 05-15-2009, 02:34 PM   #12
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Originally Posted by LakeErieBrew View Post
If you decide to not go for it and this investor wants to find a young brewer with an MBA, I know where to find one.

Hint: me



Good luck with what ever you do.
Sheffield Lake? Spitting distance of Trader Joe's! Nothing personal, but I have to hate you now.


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Old 05-15-2009, 02:48 PM   #13
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Sheffield Lake? Spitting distance of Trader Joe's! Nothing personal, but I have to hate you now.
I work just a few minutes away from Trader Joe's. I love that store.

I hate you because Norwalk has such a...er, it's the home of the...hmmm... um...well.... I hear there's a nice race track.

Sorry
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Old 05-15-2009, 02:52 PM   #14
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I work just a few minutes away from Trader Joe's. I love that store.

I hate you because Norwalk has such a...er, it's the home of the...hmmm... um...well.... I hear there's a nice race track.

Sorry
You never heard of our virus!!?? Now, I am upset!!


Sorry too guys, back to the topic.
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Old 05-15-2009, 03:19 PM   #15
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Easy to understand the temptation but it seems as if you're on cruise control to a stable and happy retirement. When the hobby becomes a job, its a hobby no more. Say thank you, be proud that someone trusted you enough to make the offer, and then no thank you. Continue brewing on your own and loving life.

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Old 05-15-2009, 03:27 PM   #16
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Typical startup costs are $500-600K for a new 20-30bbl microbrewery. One started up here recently for $280K, he pulled it off by hiring a consultant and the two of them essentially doing ALL the work (including setting up the tanks with a forklift). If you include the $80K for a bottling line he's putting in this summer it's $360K though he will probably double his revenue once he starts bottling since he already has a strong following in the area.

So my first response isn't whether to take the money but to consider that $250K likely isn't enough to be successful. Smaller breweries can be built for under $200K but then the problem is with a 10bbl system you don't have enough capacity to break even without working 6-7 days a week.

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Old 05-15-2009, 04:27 PM   #17
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At 35, starting a brewery would have been possible. At 57, there is no way I could handle the physical aspect of running a small brewery.

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Old 05-15-2009, 04:32 PM   #18
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You know guys... Grinder never mentioned anything about $250K for anything brewing related. Maybe the investor wants to start up a prostitution ring.

Don't do it Grinder... keep that a hobby man, just keep it a hobby.

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Old 05-15-2009, 05:03 PM   #19
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You know guys... Grinder never mentioned anything about $250K for anything brewing related. Maybe the investor wants to start up a prostitution ring.

Don't do it Grinder... keep that a hobby man, just keep it a hobby.
'Cause you know you should never dip your pen in company ink.
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Old 05-15-2009, 05:23 PM   #20
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Business is Business... do not go further in your due diligence if your main reason is because you love to brew beer as a hobby.

ask first, did you investigate the market thoroughly and come to a conclusion that there is room for you to start a craft brewery and make money... and if yes, is that what you want to do?
If I were retiring in a year with a good income... i'd leave it at that and just keep making my own beer. :-)



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