We now move into our topic specific segments of the podcast series, and a very early consideration in your brewery building journey should be considering how you are going to raise the necessary finance & capital for it. Episodes include a chat with an Equity Based Crowdfunding platform and a Brewery & Winery Equipment Rental & Financing provider.
PART 1 - JOHNNY WILKINSON - EQUITISE
We now move into our topic specific segments of the podcast series, and a very early consideration in your brewery building journey should be considering how you are going to raise the necessary finance & capital for it.
In this episode I briefly cover some financial options available to aspiring brewer owners and entrepreneurs including Home Equity Loans and Angel Investing. The interview that follows is my sit down chat with Jonny Wilkinson from Equitise.
Equitise was one of the first equity based crowdfunding platforms in Australia after government legislation being passed making it legal back in 2018, following other countries such as the US and the UK. If you have ever heard of reward based crowdfunding platforms such as Kickstarter and Pozible where start ups can launch campaigns with a fundraising target, in the hope of interested fans or onlookers who will donate money to it in exchange for some non-monetary return such as merchandise, novelties or the option to purchase their product or service that you helped fund. With equity based crowd funding, this allows interested investors to purchase equity and shares in a business on the platform.
PART 2 - JASON BAYLIS - RED WINDOWS CAPITAL
This episode I chat with Jason Baylis from Red Windows Capital who specialises in equipment finance for the Brewery & Winery industries.
This is another interesting option to explore when it comes to accessing much needed capital when starting out with the building of your brewery. The purchasing of your brewery equipment such as a brewhouse, fermentation tanks, heat exchangers, glycol units, pumps, clean in place systems, keg washers and canning lines just to name a few, are going to be a huge bite out of your budget when first starting out.
This option of being able to finance your equipment through a rental agreement with a service such as Red Windows Capital, enables you to free up funds when you are first starting out to dedicate towards other areas of the business that might otherwise be neglected in the beginning such as marketing, accounting systems etc., due to the limited funds left over in the budget if you were to outlay those costs for equipment outright in the beginning. Jason explains this financing option in much more detail and how it all works for aspiring brewery owners.