How much does it cost to start a distillery?

Many craft distilleries state it takes an about a million dollars to get a distillery up and running. Thoroughbred Spirits Consultants, who specialize in helping new, regional and national spirits companies start and build their brands, states it takes anywhere from $3-5 million at a minimum.

What is required to open a distillery?

Start a distillery by following these 10 steps:

• STEP 1: Plan your business.
• STEP 2: Form a legal entity.
• STEP 3: Register for taxes.
• STEP 4: Open a business bank account & credit card.
• STEP 5: Set up business accounting.
• STEP 6: Obtain necessary permits and licenses.
• STEP 7: Get business insurance.
• STEP 8: Define your brand.

How do I start my own alcohol company?

Here’s how to start a beverage company in 5 easy steps:

1. Step 1: Collaborate and Perfect Your Idea. This is where you’ll meet with your project leader and discuss your vision for your new beverage brand.
2. Step 2: Develop a Game Plan.
3. Step 3: Work out the Logistics.
4. Step 4: Protect the Quality.
5. Step 5: Share Your Dream.

How much does it cost to produce alcohol?

Plant construction costs of $2.11 per gallon of ethanol production capacity. 40\% debt and 60\% equity financing. 25\% interest on 10-year loan for debt financing; loan fully repaid in 2017. A total of $0.21 fixed costs per gallon of ethanol produced through 2017 and $0.15 per gallon in 2018-2019.

How do I start making whiskey?

How to Make Homemade Whiskey in 9 Steps

1. Step 1: Choosing your base.
2. Step 2: Cooking your base.
3. Step 3: Starting fermentation.
4. Step 4: Getting your fermentation just right.
5. Step 5: Putting your mash in a still.
6. Step 6: Playing the waiting game.
7. Step 7: Shocking the vapor.
8. Step 8: Making sure your liquor is tasty… and safe.

How can I legally sell whiskey?

Whiskey can only be produced by a licensed manufacturer and only sold by a licensed dealer, distributor, or retailer. When selling whiskey across state lines, you must have a shipping license that corresponds to every state you’re doing business in.

Can I sell mixed drinks from home?

In many cases, manufacturers of alcoholic beverages aren’t allowed to self-distribute their product. Small, home brewers may be selling cocktails from home or selling liquor from home without a license in a handful of states, although most states require licensing for all alcohol sales.

How much does it cost to produce a bottle of whiskey?

Whiskey—Costs and Prices It costs about $1.50 to make three gallons (a case) of whiskey. A barrel to put it in and (eventually) bottles and labels add $2 a case.

How do I start my own distillery?

Having a team you can trust is invaluable asset in building a business from the ground up. Give close associates the chance to become co-investors and have an equal say in shaping the business. Secure a location. Shop around for a physical headquarters for your distillery.

Does it take guts to start a new whisky distillery?

It seems that barely a month goes by in Scotland without news of another new distillery being created. It takes guts, the patience of a saint and a considerable amount of cash to get a whisky distillery up and running.

How do you make your own whiskey?

You’ll need to spend a wee while tweaking and finessing things such as: ratios in your grist of your husks, grits and flours, the temperatures for your mashing water, the length of fermentation and then the cut points in your distillation. Then you’ll need to decide what type of casks you want to fill in bourbon, sherry, wine or other.

How do Distillers raise money for their business?

Many distillers raise money from friends and family or find some angel investors who want to be part of a distillery experience. Once you are a proven commodity, it gets much easier to raise money through venture capitalist or institutions to grow your already successful business.