Start A Brewery presents: Considerations Before Purchasing an Existing Brewery
An increasingly popular route to success as a small business owner is “acquisition entrepreneurship”—buying and running an existing operation.
Acquiring an existing brewery may seem like it would be a wise choice for people who want to quickly get into the business. After all, doing so allows you to skip over the complex and oftentimes difficult aspects of starting a brewery from scratch and ideally, jump right into making profits. However, just because the brewery is established doesn’t mean it is worth your time, effort, and money. There are numerous factors every entrepreneur should consider before purchasing an existing brewery – or any business – to help ensure that the transaction will fulfill your goals.
In this program, Fred Kaplan, a Partner at Stony Hill Advisors and a Certified Mergers & Acquisitions Professional, will discuss:
-An overview of the Pros and Cons of buying an existing business
-The drivers of value in any business and those specifically relevant to breweries
-Important things to consider before making an acquisition
Start A Brewery is a collaboration amongst a fun group of craft beer industry veterans who are often invited to speak at beer business / brewing education programs. Each has offered to share their knowledge and experience to support the craft beer community as a whole by helping fledgling breweries in planning.
Conceived and coordinated by Candace L. Moon, The Craft Beer Attorney, and Laura Lodge of Customized Craft Beer Programs, StartABrewery.com is provided as a free educational resource for those dreaming of opening a brewery, those who are taking steps to make their dream a reality, and those who are opening their brewery doors and living it.