Start Your Own Microbrewery, Distillery, Or Cidery PDF Free Download

Novices will appreciate the overview of the cider-making process that's presented in Part I. But as they develop their skills and confidence, the more in-depth and technical parts of the book will serve as aninvaluable reference that will ...

In 1993, Tony Magee, who had foundered at every job he'd ever had, decided to become the founder of a brewery. So You Want to Start a Brewery? Is the thrilling first-person account of his gut-wrenching challenges and heart-warming successes. 48-Hour Start-up: From idea to launch in 1 weekend PDF/EPUb book by Fraser Doherty MBE PDF #AskGaryVee: One Entrepreneur's Take on Leadership, Social Media, and Self-Awareness EPUb by Gary Vaynerchuk.

Author: Claude Jolicoeur

Publisher: Chelsea Green Publishing

ISBN: 9781603584739

Category: COOKING

Start your own microbrewery distillery or cidery pdf free download adobe reader

Page: 337

View: 659

Distillery,'All around the world, the public's taste for fermented cider has been growing more rapidly than at any time in the past 150 years. At its best, cider is a pure, healthy beverage that reflects both the skill of the cider maker and the quality of the fruit that's used to make it. And with the growing interest in locally grown and artisan foods, many new cideries are springing up all over North America--often started up by passionate amateurs who want to take their craft cider to the next level as small-scale craft producers. To make the very best cider--whether for yourself, your family and friends, or for market--you first need a deep understanding of the processes involved, and the art and science behind them. Fortunately, The New Cider Maker's Handbook is here to help. Author Claude Jolicoeur is a well-known and award-winning amateur cider maker with an inquiring, scientific mind. His book combines the best of traditional knowledge and techniques with the best modern practices to provide today's enthusiasts all they need to produce high-quality ciders. From deep, comprehensive information on all aspects of fermentation to advice on the best apples to grow or source for cider to instructions on how to build your own grater mill or cider press, the author's experience and enthusiasm shine through. Novices will appreciate the overview of the cider-making process that's presented in Part I. But as they develop their skills and confidence, the more in-depth and technical parts of the book will serve as aninvaluable reference that will be consulted again and again'--

Plan Outline:

Restaurant Business Resources

Martin Cove Brewing Company

Financial Plan

The following is the financial plan for Martin Cove Brewing Company.

7.1 Break-even Analysis

The monthly break-even point is $67,036.

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Break-even Analysis
Monthly Revenue Break-even$67,036
Assumptions:
Average Percent Variable Cost30%
Estimated Monthly Fixed Cost$46,925

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7.2 Projected Profit and Loss

The following table and charts highlight the projected profit and loss for the next three years.

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Start Your Own Microbrewery, Distillery, Or Cidery PDF Free Download

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Pro Forma Profit and Loss
FY 2003FY 2004FY 2005
Sales$890,000 $1,068,000 $1,281,600
Direct Cost of Sales$267,000 $320,400 $384,480
Other Production Expenses$0 $0 $0
Total Cost of Sales$267,000 $320,400 $384,480
Gross Margin$623,000 $747,600 $897,120
Gross Margin %70.00% 70.00% 70.00%
Expenses
Payroll$372,000 $387,000 $402,000
Sales and Marketing and Other Expenses$63,000 $83,000 $105,000
Depreciation$14,400 $14,400 $14,400
Sales Commission$26,700 $32,040 $38,448
Utilities$12,000 $12,000 $12,000
Insurance$2,400 $2,600 $2,800
Rent$16,800 $16,800 $16,800
Payroll Taxes$55,800 $58,050 $60,300
Other$0 $0 $0
Total Operating Expenses$563,100 $605,890 $651,748
Profit Before Interest and Taxes$59,900 $141,710 $245,372
EBITDA$74,300 $156,110 $259,772
Interest Expense$3,782 $3,398 $2,998
Taxes Incurred$16,835 $41,494 $72,712
Net Profit$39,282 $96,818 $169,662
Net Profit/Sales4.41% 9.07% 13.24%

7.3 Projected Cash Flow

The following table and chart highlight the projected cash flow for the next three years.

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Pro Forma Cash Flow
FY 2003FY 2004FY 2005
Cash Received
Cash from Operations
Cash Sales$222,500 $267,000 $320,400
Cash from Receivables$622,500 $776,000 $931,200
Subtotal Cash from Operations$845,000 $1,043,000 $1,251,600
Additional Cash Received
Sales Tax, VAT, HST/GST Received$0 $0 $0
New Current Borrowing$0 $0 $0
New Other Liabilities (interest-free)$0 $0 $0
New Long-term Liabilities$0 $0 $0
Sales of Other Current Assets$0 $0 $0
Sales of Long-term Assets$0 $0 $0
New Investment Received$0 $0 $0
Subtotal Cash Received$845,000 $1,043,000 $1,251,600
ExpendituresFY 2003FY 2004FY 2005
Expenditures from Operations
Cash Spending$372,000 $387,000 $402,000
Bill Payments$461,903 $552,706 $690,670
Subtotal Spent on Operations$833,903 $939,706 $1,092,670
Additional Cash Spent
Sales Tax, VAT, HST/GST Paid Out$0 $0 $0
Principal Repayment of Current Borrowing$0 $0 $0
Other Liabilities Principal Repayment$0 $0 $0
Long-term Liabilities Principal Repayment$4,020 $4,000 $4,000
Purchase Other Current Assets$0 $0 $0
Purchase Long-term Assets$0 $0 $0
Dividends$0 $0 $0
Subtotal Cash Spent$837,923 $943,706 $1,096,670
Net Cash Flow$7,077 $99,294 $154,930
Cash Balance$87,077 $186,372 $341,302

7.4 Projected Balance Sheet

The following table highlights the projected balance sheet for the next three years.

Pro Forma Balance Sheet
FY 2003FY 2004FY 2005
Assets
Current Assets
Cash$87,077 $186,372 $341,302
Accounts Receivable$125,000 $150,000 $180,000
Inventory$23,100 $27,720 $33,264
Other Current Assets$5,000 $5,000 $5,000
Total Current Assets$240,177 $369,092 $559,566
Long-term Assets
Long-term Assets$100,000 $100,000 $100,000
Accumulated Depreciation$26,400 $40,800 $55,200
Total Long-term Assets$73,600 $59,200 $44,800
Total Assets$313,777 $428,292 $604,366
Liabilities and CapitalFY 2003FY 2004FY 2005
Current Liabilities
Accounts Payable$25,515 $47,211 $57,623
Current Borrowing$0 $0 $0
Other Current Liabilities$0 $0 $0
Subtotal Current Liabilities$25,515 $47,211 $57,623
Long-term Liabilities$35,980 $31,980 $27,980
Total Liabilities$61,495 $79,191 $85,603
Paid-in Capital$80,000 $80,000 $80,000
Retained Earnings$133,000 $172,282 $269,101
Earnings$39,282 $96,818 $169,662
Total Capital$252,282 $349,101 $518,763
Total Liabilities and Capital$313,777 $428,292 $604,366
Net Worth$252,282 $349,101 $518,763

7.5 Business Ratios

Start Your Own Microbrewery Distillery Or Cidery Pdf Free Download For Pc

Industry profile ratios based on the Standard Industrial Classification(SIC) code 5181, Beer and Ale, are shown for comparison.

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Ratio Analysis
FY 2003FY 2004FY 2005Industry Profile
Sales Growth71.15% 20.00% 20.00% 6.20%
Percent of Total Assets
Accounts Receivable39.84% 35.02% 29.78% 19.00%
Inventory7.36% 6.47% 5.50% 28.70%
Other Current Assets1.59% 1.17% 0.83% 31.50%
Total Current Assets76.54% 86.18% 92.59% 79.20%
Long-term Assets23.46% 13.82% 7.41% 20.80%
Total Assets100.00% 100.00% 100.00% 100.00%
Current Liabilities8.13% 11.02% 9.53% 32.00%
Long-term Liabilities11.47% 7.47% 4.63% 18.40%
Total Liabilities19.60% 18.49% 14.16% 50.40%
Net Worth80.40% 81.51% 85.84% 49.60%
Percent of Sales
Sales100.00% 100.00% 100.00% 100.00%
Gross Margin70.00% 70.00% 70.00% 24.60%
Selling, General & Administrative Expenses65.60% 60.97% 56.82% 15.60%
Advertising Expenses6.74% 7.49% 7.80% 0.60%
Profit Before Interest and Taxes6.73% 13.27% 19.15% 2.80%
Main Ratios
Current9.41 7.82 9.71 2.24
Quick8.51 7.23 9.13 1.07
Total Debt to Total Assets19.60% 18.49% 14.16% 50.40%
Pre-tax Return on Net Worth22.24% 39.62% 46.72% 9.10%
Pre-tax Return on Assets17.88% 32.29% 40.10% 18.40%
Additional RatiosFY 2003FY 2004FY 2005
Net Profit Margin4.41% 9.07% 13.24% n.a
Return on Equity15.57% 27.73% 32.71% n.a
Activity Ratios
Accounts Receivable Turnover5.34 5.34 5.34 n.a
Collection Days59 63 63 n.a
Inventory Turnover10.91 12.61 12.61 n.a
Accounts Payable Turnover18.32 12.17 12.17 n.a
Payment Days28 23 27 n.a
Total Asset Turnover2.84 2.49 2.12 n.a
Debt Ratios
Debt to Net Worth0.24 0.23 0.17 n.a
Current Liab. to Liab.0.41 0.60 0.67 n.a
Liquidity Ratios
Net Working Capital$214,662 $321,881 $501,943 n.a
Interest Coverage15.84 41.70 81.85 n.a
Additional Ratios
Assets to Sales0.35 0.40 0.47 n.a
Current Debt/Total Assets8% 11% 10% n.a
Acid Test 3.61 4.05 6.01 n.a
Sales/Net Worth3.53 3.06 2.47 n.a
Dividend Payout 0.00 0.00 0.00 n.a

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