{"id":11462,"date":"2023-11-14T07:06:55","date_gmt":"2023-11-14T11:06:55","guid":{"rendered":"https:\/\/craftbreweryfinance.com\/oldversion\/?p=11462"},"modified":"2023-11-07T13:22:01","modified_gmt":"2023-11-07T17:22:01","slug":"how-to-find-funding-for-a-new-brewery-part-2","status":"publish","type":"post","link":"https:\/\/craftbreweryfinance.com\/oldversion\/how-to-find-funding-for-a-new-brewery-part-2\/","title":{"rendered":"How to Find Funding for a New Brewery (Part 2)"},"content":{"rendered":"<p><strong>How to Find Funding for a New Brewery (Part 2)<\/strong><\/p>\n<p>The first step to find funds for a new brewery is to create a sources and uses schedule. We covered that in Part 1, which you can find here: <a href=\"https:\/\/craftbreweryfinance.com\/oldversion\/?p=11457&amp;preview=true\">create a sources and uses schedule<\/a>.<\/p>\n<p><strong>The next step is to build your financial pro forma.<\/strong><\/p>\n<p>This is a forward-looking financial plan that will list out expected sales, cost of goods sold, margins, operating expenses and the almighty net income.<\/p>\n<p><strong>Lenders and investors will want a 3-year plan, showing expected results by month, and an explanation of assumptions used to build up the numbers.<\/strong><\/p>\n<p>For example, assumptions might include the following:<\/p>\n<ul>\n<li>Taproom sales are forecasted using an assumption of $1200 per BBL.<\/li>\n<li>This number is arrived at by assuming 200 pints per BBL at $6\/price per pint.<\/li>\n<li>Payroll expense is projected on the included supplemental schedule. This schedule includes expected employee hires, dates of hire, and compensation details.<\/li>\n<\/ul>\n<p>Building the financial plan takes time, however, to speed up the process and give you additional resources to help out, <strong>check out this <a href=\"https:\/\/craftbreweryfinance.com\/oldversion\/how-to-build-a-brewery-budget-fast\/\">free financial template<\/a><\/strong> and 60-second explainer video.<\/p>\n<p><strong>P.S. Learn more about the\u00a0<a href=\"https:\/\/www.bbfassociation.org\/bbfa-breweries\" target=\"_blank\" rel=\"noopener\">network<\/a>\u00a0of beer industry financial professionals: the Beer Business Finance Association. We talk about brewery loans, funding, and cash flow all the time!<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How to Find Funding for a New Brewery (Part 2) The first step to find funds for a new brewery is to create a sources and uses schedule. We covered that in Part 1, which you can find here: create a sources and uses schedule. The next step is to build your financial pro forma. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11467,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[63],"tags":[],"class_list":["post-11462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial"],"_links":{"self":[{"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/posts\/11462"}],"collection":[{"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/comments?post=11462"}],"version-history":[{"count":3,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/posts\/11462\/revisions"}],"predecessor-version":[{"id":11508,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/posts\/11462\/revisions\/11508"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/media\/11467"}],"wp:attachment":[{"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/media?parent=11462"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/categories?post=11462"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/craftbreweryfinance.com\/oldversion\/wp-json\/wp\/v2\/tags?post=11462"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}