Are you interested in starting a beverage company from Home? Do you need a sample beverage production company business plan template? If you answered YES to any of the questions above, then i advice you read on.
Beverages are in huge demand because they provide people with instant refreshment. The number of alcoholic and non-alcoholic beverages available in commercial cooler sections has grown tremendously over the years.
While many people are aware of the huge potential of the business, most people cannot afford the cost of starting a beverage company—and this is the major downside of the business.
If you have enough experience in beverage production (probably after spending years working with a beverage production company) and can afford the huge startup costs, then you should consider starting your own beverage company. The following guidelines will help you start your beverage company successfully:
Starting a Beverage Production Company – Sample Business Plan Template
You will need to research the beverage market before taking a plunge. In many parts of the world, the beverage production business is very competitive, and so requires careful planning. It also requires huge startup costs, and you sure don’t want to screw your funds by being impatient. So, take your time to analyze the market.
Meet with owners or managers of beverage companies you know. Tell them your plans to venture into the business, and ask them questions about the business. Find out about the startup costs, the required equipment, and challenges associated with the business.
Search the web for latest news in the beverage industry in your country to get some insight into how the market is faring. Also, search the web for industry market research reports to learn more about the beverage market. These reports usually detail the beverage market size, product and market trends, risks and opportunities, and profiles of key participants.
Develop a comprehensive and accurate business plan for your beverage company. This plan will include details, such as your business’s goals and objectives, estimated startup and operation costs, projected earnings, market analysis and competition, unique selling point, marketing strategy, and exit strategy.
Your business plan will guide you through the process of starting and running your business, keeping you from going off-track as you try to grow your business.
Your business plan will also come in handy when you need to approach third parties, such as investors and lenders, for startup or expansion funding. If your business plan is detailed, accurate, and professionally packaged, you have bright chances of getting the funds you need.
3. Find product development suppliers
Since your business will be manufacturing consumer beverages, you will need to find reputable and reliable suppliers of the raw materials you will need for beverage production, such as flavors, sweeteners, carbonators, and coloring. You will also need to find suppliers of empty containers, fuel, and other products you will need for packaging your beverages.
4. Obtain the necessary licenses and permits
In almost every part of the world, beverage companies of any sort—whether alcoholic or non-alcoholic—are usually tightly regulated and require government licenses and permits. Health permits are also required for starting a beverage company.
So it is important that you contact the appropriate regulatory agency in your state or country to find out about the necessary licenses and permits that you will need to obtain before you can start your beverage production company.
5. Construct or purchase a bottling plant
Since your beverages will be packed in bottles, it is usually cost-effective to have your own bottling plant. If this seems too expensive for you, you can start by outsourcing bottle production to existing bottling companies with compatible systems. However, most bottling companies might be reluctant to agree to this arrangement if they see you as a direct competitor in the market.
6. Hire employees
No doubt, you cannot run your beverage company alone; you will need other people to work with you in varying positions. You will need to hire machinery operators, packaging supervisors, an accountant, and so on, depending on your needs and on the size of your beverage company. However, you must ensure that you hire only skilled and experienced staff, as the reputation of your business hinges largely on the quality of your employees.
7. Market your business and start operations
Advertise your beverage company through television, radio and print media. Consider creating more buzz for your product line via online platforms, such as popular blogs, social media, and online forums and communities. Also, you need to set up a website for your business and offers.
You should also develop a sales team to market your products to general markets such as grocery stores and supermarkets, as well as specialty markets such as cafes, hotels, and restaurants.
Once you have started business, it is important that you focus on the consistent delivery of high quality products. With time, you can expand your product line and ultimately grow your business.