Distilling is less expensive—and more profitable—than brewing, if you don't count the cost of holding your inventory in oak barrels for years as you wait for it to age into sippable whiskey. It's why distillers always start by selling vodka, gin, or white (unaged) whiskey.Aug 4, 2015
How much does it cost to start a whiskey distillery?
Many craft distilleries state it takes an about a million dollars to get a distillery up and running. Thoroughbred Spirits Consultants, who specialize in helping new, regional and national spirits companies start and build their brands, states it takes anywhere from $3-5 million at a minimum.Feb 15, 2018
How much do distilleries make a year?
Salary Ranges for Distillers The salaries of Distillers in the US range from $23,150 to $62,650 , with a median salary of $38,420 . The middle 60% of Distillers makes $38,420, with the top 80% making $62,650.
How much money does a craft distillery make?
Assuming a healthy 40% profit margin after Cost of Goods Sold for raw materials, you can net $384/day. Assuming you distill Monday to Friday for 250 days per year, can $96,000 per year after material costs cover overhead, rent, other expenses, and payroll?Nov 25, 2019
Is owning a distillery profitable?
How much profit can a distillery make? There is great potential for profit. As an industry, small (“craft”) distilleries have now become a $450 million market, and the amount of craft distilleries has increased by 300% from 2011 to 2014.Mar 10, 2021
How much does it cost to open a whiskey distillery?
At bare minimum, a distillery, including equipment, location, and permits can cost around $200,000. However, if you're creating liquor that needs to age and be stored, this number increases very quickly. There are a lot of factors that can increase or decrease the cost of starting your own distillery.Dec 5, 2019