Cloudy
17 °C
Germantown, Maryland
Cloudy

Fri Apr 19 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. 17.04.2019
    17.04.2019
    by      In
    After protracted negotiations, May 2019 will see Australia join the World Trade Organisation Agreement on Government Procurement as the 48th member. The deal opens government procurement markets between all members who have acceded to the agreement – estimated to be worth around Au$2.3 trillion... Read More
  2. 09.04.2019
    09.04.2019
    by      In
    The Australian Industry Group/Housing Industry Association Australian Performance of Construction Index increased by 1.8 points to 45.6 in March, indicating a slight easing in the construction industry’s aggregate rate of contraction (readings below 50 indicate contraction, and the lower the figure... Read More
  3. 03.04.2019
    03.04.2019
    by      In
    The annual ranking of Australia’s manufacturing companies shows a few changes from previous listings, with Caltex Australia topping this year’s list, relegating last year’s leader Fonterra Co-Op Group to second place.
    IbisWorld’s listing of Australia’s Top 100 Manufacturers is based on ASIC-lodged... Read More
  4. 01.04.2019
    01.04.2019
    by      In
    Ever onwards and upwards, albeit at a slower rate, the Ai Group’s Performance of Manufacturing Index continued in positive territory in March 2019, falling three points to 51.0.
    The six manufacturing sectors saw clear winners and losers, with the food, chemicals and textiles sectors all expanding... Read More