Introduction to SPRINGBOARD®
The company has its own brewery producing high-end beers. Products are recognized as among the best in DK by competitors and customers. Biggest volumes are sold BTB in DK and through their own taproom+biergarten and for events in-house.
The brewery and taproom+biergarten is located behind the walls of an old prison which creates a unique setting for enjoying great beer. Live music and big parties throughout the whole year help manifesting the company as a traction and meeting point for the local community.
BTB customers include selected Meny stores, independent craft beer bars and smaller restaurants as well as gastronomic destinations like restaurant Barr, Alchemist and Hart Bageri.
The company is a worker owned cooperative, they currently have 4 members in the cooperative.
Areas for sparring
For this SPRINGBOARD®, panelists with competencies/experience within these themes, are needed for sparring:
- 1. How to raise funding for new production equipment?
- 2. How to purchase and install new breweries or similar production?
- 3. How to succeed with life-long cooperative memberships at a fixed price for external people?
- 4. Change management skills to induce a more performance-oriented culture in the company (increased focus on the ‘right’ activities and customers)?
Industry: Food
Development stage: Proof of Business
Company's CVR region: Capitol
Competencies in the panel:
- Financing, Funding & Raising Capital
- Production
- Management
Note: This SPRINGBOARD® will be held in Danish.
The vision
With our brewery and taproom, we aim to create a space where our guests can experience our approach to great beer through an inclusive environment of tasting, learning and discussion. We want to combine the concept of great beer with the warmth of community and great service in a culturally active space.
What we do
We offer balanced, clean and drinkable beers that everyone can enjoy while inspiring our customers to care about the quality in their glass.
Packages – products?
Beers in kegs and cans for:
• Businesses.
• In-house experiences: biergarten/taproom and dinners/events.
• Webshop sales BTC.
Competitors
Gamma Brewing, Bad Seed Brewing, Dry & Bitter
Production and distribution
Own production (capacity LY 74.000 L, max capacity 100.000 L/year). Sold through BTB (app. 80% of total volume, app. 50% revenue) and via own channels (bar+events+e-com app. 20% of total volume, app. 50% revenue).
Financing
The production equipment is outdated which:
• Has a negative effect on the quality of our beer.
• Is compromising our price competitiveness (we provide same list prices as competitors but can’t give similar discounts due to smaller margins).
• Results in too high production costs (raw materials and work hours)
Investment: estimated 1.5 mio dkkr.
The company is looking into:
• Opening up for life-long cooperative membership at a fixed price. Gives voting right on general assembly.
• Funding opportunities.
