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Our project has investors lined up but, as any good investor would do, they are pushing to reduce up front costs in order to make the investment more attractive. One thing that I think our business plan has is alot of fluff in our construction and retrofitting costs.
So my question to the group is, what were your typical renovation costs of your brewery and taproom once all was said and done (including all construction work and equipment such as taplines, tables, chairs, etc.)? We are looking at 4000-5000 sq ft and a 7BBL system. We aren't looking to make the taproom look like the Sistine Chapel but we also want it to have some character. Our business plan has about 120K for the brewery and office space and about 220K for the pub/taproom area, then another $120K in contingency and management fees. $460K feels heavy.......so looking for others experiences so we can get to perhaps more realistic costs and truly understand our investment needs. I'll be the first to admit that I know nothing about these type of costs and this was a conservative shot in the dark.
Also want to add that our investors have very good connections in terms of skilled labor and we can probably get good deals on the work done. I don't believe we will need to contract this out and pay the typical management fees and costs you would see if you just hired a contractor to do this work.
Thanks
Our project has investors lined up but, as any good investor would do, they are pushing to reduce up front costs in order to make the investment more attractive. One thing that I think our business plan has is alot of fluff in our construction and retrofitting costs.
So my question to the group is, what were your typical renovation costs of your brewery and taproom once all was said and done (including all construction work and equipment such as taplines, tables, chairs, etc.)? We are looking at 4000-5000 sq ft and a 7BBL system. We aren't looking to make the taproom look like the Sistine Chapel but we also want it to have some character. Our business plan has about 120K for the brewery and office space and about 220K for the pub/taproom area, then another $120K in contingency and management fees. $460K feels heavy.......so looking for others experiences so we can get to perhaps more realistic costs and truly understand our investment needs. I'll be the first to admit that I know nothing about these type of costs and this was a conservative shot in the dark.
Also want to add that our investors have very good connections in terms of skilled labor and we can probably get good deals on the work done. I don't believe we will need to contract this out and pay the typical management fees and costs you would see if you just hired a contractor to do this work.
Thanks
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