Hi,
I'm working on a business plan for a microbrewery, and I have two questions about terms of payment that I need answered to clean up my cash flow statement.
1.) How long do wholesalers typically take to pay packaging breweries for orders (i.e., time between the beer being picked up at the brewery and money arriving in the brewery's bank account)?
2.) How long a period can a brewery wait before paying suppliers (e.g., grains, hops, packaging supplies, etc.) for their shipments without incurring late payment penalties?
I've been scouring the internet for information about terms of payment and have been unable to find anything useful. Any insight would be much appreciated!
Cheers,
Nick Garrison
I'm working on a business plan for a microbrewery, and I have two questions about terms of payment that I need answered to clean up my cash flow statement.
1.) How long do wholesalers typically take to pay packaging breweries for orders (i.e., time between the beer being picked up at the brewery and money arriving in the brewery's bank account)?
2.) How long a period can a brewery wait before paying suppliers (e.g., grains, hops, packaging supplies, etc.) for their shipments without incurring late payment penalties?
I've been scouring the internet for information about terms of payment and have been unable to find anything useful. Any insight would be much appreciated!
Cheers,
Nick Garrison
Comment