Partly cloudy
20 °C
Germantown, Maryland
Partly cloudy

Mon Jun 17 2019
none

FINANCE OPTIONS HELP MICROBREWERIES EXPAND

04-02-2019
by 
in 
New equipment increases productivity

Microbreweries are an expanding part of the Australian food and drink manufacturing sector. However, because of their scale, they face a dilemma on how to keep production levels rising while capping costs.

For those of us who love the amber nectar, the plethora of beers has never been greater. Many towns now have their own microbreweries, attracting a local crowd by providing food and a great vibe.

Once a brewery like this has become established the next challenge is how to broaden distribution and expand outside the local community.

Classic Funding Group has been helping various breweries across Australia to take this leap.

One brewer in Victoria initially purchased second-hand equipment from the closure of a similar business as a short-term measure to grow the business and increase output. This may have been a great option at the time, but not the most efficient when the 20-year-old manufacturing equipment started to show signs of aging.

As sales rose, the business needed to modernise its equipment, and Classic Funding Group was able to minimise the impact on the brewer’s cash flow by providing equipment finance over 60 months.

From replacing mixing tanks, brewing kettles, filters and more, the brewery now has a 20-tap beer system to ensure it can keep up with all the drinkers.

New equipment improves efficiency, but there are other investments that can reduce costs, particularly in the area of energy efficiency and on-site solar power generation.

One particular brewery in Sydney realised this and found that by putting panels on its roof it could reduce its power bills by enough to cover the solar finance costs.

With $0 deposit terms available from Classic Funding Group, 2019 might well become the year of the brewer! Cheers.

Classic Funding Group
1300 780 895
www.classicfg.com.au

Related news & editorials

  1. 14.06.2019
    14.06.2019
    by      In
    The University of Western Australia and its partner organisations will receive $67.5 million in overall funding for world-class equipment to advance scientific research in Western Australia and support WA jobs in STEM industries.
    The State Government has committed $10.5 million over the next three... Read More
  2. 11.06.2019
    11.06.2019
    by      In
    New data from the Australian Bureau of Statistics confirm that manufacturing employment is on the rise again. Although the total number of filled jobs in the sector declined from 900,000 in March 2014 to 880,000 in March 2019, the recent trend has been upwards and accelerating, with the total... Read More
  3. 04.06.2019
    04.06.2019
    by      In
    A novel Silicon Valley financial technology product has been launched in Australia following huge success in the USA. PayActiv is a mobile app based “financial wellness” product that gives employees immediate access to earned-but-unpaid wages, helping them to avoid financial stress.
    Working on the... Read More
  4. 03.06.2019
    03.06.2019
    by      In
    The uncertainty factor of the now decided federal election cast a damper on Australian manufacturing during May, with the Ai Group Performance of Manufacturing Index dropping from April’s high of 54.8 to 52.7 points in May, indicating that the rate of growth has slowed.
    Nonetheless, growth it still... Read More