If you have the skills and knowledge to brew quality beer, you might be considering starting your own brewery. But if you do not have any upfront capital, it could feel like just a pipe dream.

It doesn’t have to be, though. There are several options to fund a startup brewery – even when you are lacking in funds yourself. So, here are four tips to help you achieve success. 

1. Consider Crowdfunding

The online world has changed the way in which we do all sorts of things – from grocery shopping to using pay stub makers to prove income and avoid fake check stubs. It has also enabled entrepreneurs to crowdfund money for their startup capital.

Platforms like Kickstarter and Indiegogo are bustling marketplaces where you can pitch your sudsy vision to potential backers who are all about supporting the next big thing in brewing. 

And hey, you are not just asking for handouts – it’s about offering cool perks or early product releases as a swap for their support. Not only does this pad out your startup fund. It also weeds out whether folks are actually into what you are cooking (or brewing) up before going the whole hog.

2. Consider Tapping into Angel Investors 

If crowdfunding sounds too much like the Wild West, you might want to shimmy over to something more one-on-one: angel investing. You will hit up well-off individuals who are on the hunt for fresh, potentially high-return investments—like your hoppy startup dream. 

Angel investors are not offering charity – they get a slice of equity in return for their investment. But here’s the kicker: you have got to sell your business idea well to get funds. We are talking business plans that shine brighter than a freshly polished keg and pitch skills that could convince a monk to invest in a brewery! 

Nail your business plan and pitch and an angel investor could dig deep into their pockets to help you make your plan a success story.

3. Consider Getting a Business Partner 

Consider finding yourself a business partner – someone who will invest cash in exchange for part ownership. 

Scour your network or hit up industry events to connect with someone who compliments your brewing savvy with financial muscle. Just make sure you find someone who shares your vision and has complementary skills.

Plus, by partnering with someone, you will not be carrying the whole financial weight on your shoulders alone. 

4. Consider Applying for a Grant

Who said free money does not exist? Grants, my friend, are the closest thing to it when you are brewery-funding dry. 

You could potentially scoop up cash without the payback sting through federal or state grants tailored for small businesses or specific industries. The USDA has several options for supporting local businesses. 

Getting through the paperwork jungle is no happy hour, though. It will be a rollercoaster of specifics about your intended business practices. But stick with it, because winning a grant means scoring capital to make your brewery dream come true. 

Other Tips for Starting a Brewery

Starting a brewery takes a lot more than mere startup capital. So, here are some other brief tips for success. 

• Ensure You Have Sharp Business Skills: Brew up some fine financial skills or buddy up with someone who has them.
• Master Your Craft: Before you sell it, know how to brew it. Consistency is king.
• Understand How Much Your Location Matters: Find a spot that is thirsty for craft beer, if you plan to open a taproom, or in an optimal position for distribution. Make sure the location is easy to access too.
• Use Quality Equipment: Do not skimp on the brewing equipment. Good beer needs good tools.
• Get Licensed and Follow Regulations: Stay legit with all the necessary permits. This is non-negotiable!
• Create Solid Branding: If you want to stand out against your competitors and drum up new customers, you need to create a solid and memorable brand.