Posts Tagged ‘Teri Fahrendorf’
This may not be the final post in the series, but writing a business plan is one of the key steps necessary to opening a brew pub or starting most any business. You need the business plan to apply for financing or perhaps to secure a lease or even a key permit or license. Writing a business plan is work. A great amount of time can be spent refining a business plan and more business plans get written than get financed.
Writing an entire business plan was never a goal of this blog series, but providing some of the numbers, resources, and information that goes into a business plan was among the goals. I found a pub business plan posted online that was made available for free, specifically to help others open a bar. Brewing beer was not part of this business plan. It is dated but with the exception of including brewing as part of the operations and brewmaster among the key staff it has all the major sections you can expect to see in the average business plan.
It is still available on the forum I found it, but I also put a copy on WordPress.com to ensure that it remains available as long as this blog is online. The numbers are mostly all there, but need to be revised and adapted for the new decade and British Columbia. Part of that work was done by me in my big spreadsheet post. I thought we should look at the major sections of an actual business plan and the information they should contain. Potential investors and funders will want answers and if you don’t even know the questions, you will look foolish in a key meeting that may determine the future of your dream.
You can’t anticipate every question, but the most important questions such as the experience of the team, the depth of the market and industry research, the veracity of the sales forecasts, the details of the startup costs, these can be researched and written up prior to any important meetings.
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Another unsexy post listing equipment and costs associated with opening a brew pub. Unless, of course, you have some sort of fetish for stainless steel, in which case, have I got some pictures and links for you!
Unlike when I priced out the equipment necessary for a commercial kitchen and a bar at the front of the house, I didn’t have to go through numerous online catalogs and price everything out individually. Nor did I just bike down to the dominant vendor for musical equipment in the province. Nope, I was lucky in that when I reached out to suppliers of brew pub equipment, they actually got back to me with useful information.
BC already has a number of successful brew pubs. Vancouver and the surrounding area support many, but Victoria has far more per capita. As I always tell people, Victoria is the most British part of Canada. Outside of Victoria and Greater Vancouver, there are number of other brew pubs such as Longwood in Nanaimo. In fact, there are many brew pubs and craft breweries spread throughout the Pacific Northwest, AKA Cascadia. If you suspected there would be some specialty manufactures of brewing equipment also in this area, you’d be correct.