We are working on our plan for a production brewery. We feel pretty good about most of our assumptions, however, the one that keeps nagging at me is the estimated buildout cost. I'm not talking about purchase cost of the brewing/packaging equipment. I mean installation of equipment, retrofit, construction, improvement etc. of the space to accommodate the needs of a brewery with a tap room. Our going-in assumption is that we'll be in a "typical" warehouse, approximately 7,500 square feet.
What's a reasonable improvement/buildout assumption? $75/sqft for the taproom space and $50/sqft for the brewing and packaging operation?
Thanks in advance. We appreciate any words of wisdom you can offer. I feel like I've looked through the entire interwebs and can't seem to find a brewery-specific benchmark.
What's a reasonable improvement/buildout assumption? $75/sqft for the taproom space and $50/sqft for the brewing and packaging operation?
Thanks in advance. We appreciate any words of wisdom you can offer. I feel like I've looked through the entire interwebs and can't seem to find a brewery-specific benchmark.
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