How to Benchmark Brewery COGs

How to Benchmark Brewery COGs

Author: Craft Brewery Financial Training Podcast August 29, 2024 Duration: 41:38
Today we welcome back Tim Near from Agrowgate, a company that works to save you money on cost of goods sold. Think cans, cardboard, malt, freight and so much more. Key Points State of the industry: Trends in costs and commodity pricingBrewery purchasing 101: Best practices How to properly source key ingredients Keys to benchmark your costs against industry averagesResources Connect with Tim Near and learn more about how to save money Listen to the Brewery Supply Chain Managem...

For brewery owners, operators, and aspiring entrepreneurs, the financial side of the business can feel like a foreign language. The Craft Brewery Financial Training Podcast translates that complexity into actionable knowledge. This isn't about abstract theory; it's a practical, episode-by-episode guide to building a financially resilient craft beverage business. You'll hear straightforward discussions on creating realistic budgets, understanding cash flow cycles specific to production, and interpreting key performance indicators that actually matter on the brewhouse floor. We explore the nuances of pricing your beer for both profitability and market appeal, managing inventory costs, and making smart capital investments for growth. Each session is designed to demystify the numbers behind the passion, offering clarity on everything from daily bookkeeping practices to long-term financial planning. Tune in for a direct, no-nonsense approach to the business fundamentals that allow the art of brewing to thrive. The Craft Brewery Financial Training Podcast is your ongoing resource for developing the financial acumen essential in today's competitive market, ensuring your focus can remain on crafting great beer while building a sustainable enterprise.
Author: Language: English Episodes: 100

Craft Brewery Financial Training Podcast
Podcast Episodes
Cash is King: Sam Calagione on Building (and Scaling) Dogfish Head [not-audio_url] [/not-audio_url]

Duration: 30:42
In this episode, Sam Calagione shares the journey of building Dogfish Head Craft Brewery from the smallest commercial brewery in America to a nationally recognized brand. Sam shares how he started the business with $220,…
Breweries: How to Build a Culture of Financial Accountability [not-audio_url] [/not-audio_url]

Duration: 41:36
In today's podcast, you’ll learn how to turn your numbers into a real-time management system. We’ll show you how to identify the few key metrics that matter, assign clear ownership across your team, and install a simple…
Behind Every Profitable Brewery: Solid Bookkeeping [not-audio_url] [/not-audio_url]

Duration: 36:09
In this episode, I sit down with Marc Rice of Brytos Accounting Services to talk about something that sounds simple, but is often a mess behind the scenes: brewery bookkeeping. Marc shares what he sees when he opens up a…
Loyalty That Pays: Turning Taproom Fans into Recurring Revenue [not-audio_url] [/not-audio_url]

Duration: 33:38
Today we chat with Ross Stensrud from Tapwyse and explore how modern brewery loyalty programs are evolving far beyond the traditional “mug club.” Ross shares exciting performance data from Tapwyse breweries, including a…
How to Build a Profitable Inventory System [not-audio_url] [/not-audio_url]

Duration: 39:57
Inventory is often the largest asset on a brewery’s balance sheet and the biggest source of hidden margin leaks. In this episode, we break down how to build a profitable inventory system that protects cash, improves COGS…
Cash Flow First: Building a Brewery That Stays in Control [not-audio_url] [/not-audio_url]

Duration: 29:02
Cash flow is what determines whether a brewery survives and grows. In this episode, we break down the core fundamentals of cash flow management and share practical strategies you can use immediately to gain control, avoi…
The Data-Driven Brewery: AI, Insights & What’s Next from Beer30 [not-audio_url] [/not-audio_url]

Duration: 34:14
In this episode, I sit down with Aaron Gore, VP of Sales & Marketing at Beer30, to talk about the upcoming American Craft Beer Hall of Fame induction ceremony and what today’s high-performing breweries can learn from the…