by Kary@BeerBusinessFinance.com | Sep 18, 2023 | Financial
On your income statement you’ll find sales, cost of goods sold, and margins. The P&L will tell you what total margin is and margin percentage, but it doesn’t know which brands and products are the most profitable. For this, you’ll need to go...
by Kary@BeerBusinessFinance.com | Sep 11, 2023 | Financial
One of the best (and simplest) ways to analyze your brewery income statement is to use business segments. Business segments allow you to see the financial results for each area of your business: taproom, kitchen/food, production, wholesale. Interested in setting up...
by Kary@BeerBusinessFinance.com | Sep 6, 2023 | Podcasts
In today’s podcast we talk brewery insurance with John Round and Shannon Prescott from the Richards Group. John and Shannon share their insights on loss prevention, creative benefits, industry specific coverages to be aware of, and trends in the industry. Key...
by Kary@BeerBusinessFinance.com | Sep 4, 2023 | Podcasts
Beer businesses are always on the lookout for ways to reduce costs and increase sales. In today’s podcast we talk with Bud Dunn from VxP, who shares a tool that you can use to reduce finished product loss by 50% or more, and increase gross profit per CE by 20 cents or...
by Kary@BeerBusinessFinance.com | Aug 28, 2023 | Financial
To achieve the best financial results in your brewery, you need the best pricing for your beer. This starts with understanding your beer costs, and how margins work throughout the 3-tier system. It’s not too complicated, but it helps to have a template, and a...
