Jump to content

All Activity

This stream auto-updates     

  1. Today
  2. Curious, why did you want to bypass the quick connect input?
  3. Yesterday
  4. I love this picture. This is a tour given at the Earp Brothers Distilling Co. in Newcastle, where they show off "Zeus", the iStill 5000 beast they use for rum and gin production. Regards, Odin.
  5. These barrels are unfortunately $1095/barrel due to the increase in tariffs. All other equipment we are keeping at the same price and eating the additional costs: http://www.tetondistillery.com/distillery-equipment
  6. Other sizes of fermentation available: http://www.tetondistillery.com/distillery-equipment/fermentation-tank-1600-liters-422-gallons as well as transfer barrels: http://www.tetondistillery.com/distillery-equipment/stainless-steel-transfer-barrels
  7. Additional sizes are available as well: http://www.tetondistillery.com/distillery-equipment/fermentation-tank-1600-liters-422-gallons
  8. Happy Tuesday Morning Everyone, Ah yes, Tuesday! One of our most favorite days. Not because it is only two measly days into slugging through the week, but because it means it is time for the TMIT!!!!!!!!!!! <Sounds of throngs of adoring fans cheering and chanting TMIT … TMIT … TMIT …> Thank you … Thank you … You are too kind!!!!!! On to it then! Today I am touching on something that we have not spoken about before, but like a loud bang in the night, it awoken me in the midst of the night with me thinking to myself, “Self …” I thought to myself, “Why have we not talked about this before?” So, it is high time to rectify this and we are going to talk about it now. In the past we have discussed the finer points of “Replacement Cost” and what that means, as well as “Co-Insurance” and how that works. This topic folds in with each of those items, but is a bit more nuanced discussion on “replacement cost” in regard to buildings. Now, although this will apply to buildings that you have remodeled or rehabbed, it also very much applies to newly constructed properties and for the purpose of this conversation we will use the example of a newly constructed distillery. Let’s say that you recently just built your dream distillery and OH, IT IS SCHWANK!!!!! Everything you ever wanted. All the bells and whistles, knobs and dials, walls of glass to showcase your killer 32’ column shiny copper still from the 320 seat tasting room … the whole 9 yards baby!!!!! WOOHOO!!!! Congratulations. Now it is time to get this puppy insured. You call some Joe Schmuckatelli insurance guy down the way and tell him, “Hey buddy, you should see this place, it is amazing.” And you tell him all about your killer distillery. Then it happens. The worst possible question he could ask. “What did it cost you to build it?” Your eyes glaze over and numbers start flying through your head and you see cartoon money with wings flying away and giant bags tied at the top with a string with “$” signs printed on them rolling out your doors on a conveyer belt and you start thinking that you better start making a lot of hooch, and QUICK. After you moment of tallying your investment you tell Mr. Schmuckatelli that you are into this baby about $2.2 Million ( I know, that is a lot for a start up, but it is my story and I will tell it how I want. I will tell you, I have had people that “started up” with a $14.6 million cost before. Yikes. ) Then the next worst thing is said by this insurance schlepper. “OK, that is the value we will use to insure your building then.” You think, “Sure, why not, that is what it cost me to build this beautiful homage to hooch. Let’s do it!” And he does it, and you overpay through the nose and lose out on tons of money that you could have used to by barrels, or whatever you need next. Why are you paying through the nose you may wonder? Well, I will tell you. Remember a few short moments ago when you were off in la-la-land and thinking about all the money flying away? When you were watching all of that money flying away, which it was, you were also adding up and tallying costs that you most likely do not need to insure. Let me give you an example. How much dirt-work and prep work did your site take? I would imagine that out of $2.2 million, at the very least, $150,000 was in site prep and dirt work. How about the flat work, concrete, etc.? Another $250,00 or so? Oh, and the hook ups, good-night the hook ups!!!! Brining water and sewer in and all your underground piping, tap fees, architect costs with stamping fees, on and on and on it goes. EXACTLY!!!!!!!! Almost all of those costs are things that you factored into you “REPLACMENT COST” because that was real money that left your hands and was spent, so that is what you tallied and told the cruddy agent who is wanting to insure your building for ALL OF THAT COST when in reality quite a percentage of your “build costs” would not need to be redone in the case of a loss. Concrete does not burn, site work and leveling don’t need to be redone in the case of a fire, and generally underground pipes don’t burn and you will always have your plans and the tap fees are a one time deal. See where I am going here?!?!?!? You may have had costs in excess of maybe 25% or more of the actual value of your building that would not need to be redone at a later date in the case of a loss. However, because you didn’t think about it in this way, and this snake-oil salesman didn’t bother to ask or care (really, most of them don’t even know and the more they insure it for the more it costs and the more they make), and now you are paying premium on a $2.2 million dollar value when you probably could have insured it for a “replacement cost” of $1.5 – $1.65 million, which would save you A BUNCH of money annually. Not to mention, you would be spending money on something that you will never realize in the case of a claim, because the carrier will pay to “replace” the building with like kind and quality and if that can be done for $1.2 million, then that is what it will cost the insurance carrier, and as long as it is exactly like it was, who cares?!?!?! YOU DO!!!!! You were paying premium on way more than that, because you cruddy “evil-doer” agent was over charging you and didn’t care! Do not be that person that doesn’t know, who calls an insurance person who doesn’t know, and who is going to value something someway because you said that is what it cost you, that you are going to overpay on for years and years and years. Nope! You are better and smarter than that. You are the type of intelligent insurance purchaser who has read all the TMIT’s and you are armed with knowledge, or at least the fact that you should contact me, InsuranceMan 2.0!!! and allow me to work through these things with you and direct you and assist you in getting the correct coverage at the right amount for the right premium. Voilà !!!!! This is why I am an insurance superhero by day, and …… Well …. I am an insurance superhero 24/7/365, so …. With that my dearest readers, I am off to battle yet more insurance issues for some clients that came from a bad situation but are on their way to being much better and saving lots ‘o dollars now that they contacted me. Until next time dear readers, Stay Vigilant, Aaron Linden a.k.a. InsuranceMan 2.0!!! 307-752-5961 aaron@roaringforkins.com or insuranceman2.0@yaho.com
  9. Last week
  10. Asking price reduced to $65k. Includes Lower 48 delivery.
  11. Can't help you there, but if you're not already making any non-alcoholic products, remember to review your FDA registration and see if it needs updating.
  12. Thanks so much @AdriftDistillers & @starcat. You're the best!
  13. et1883, Thanks to you too for this information! I feel confident that I can make this business go, but I have to convince others. Everything people share makes it easier! Karl
  14. Again, the watchman receivers are fine units to use for their intended purpose. They are not meant to return directly to the boiler with the supplied controls, although you will see many boilers in the field set up this way, this is fully incorrect and will cause the " Normal Operating Water Level " of the boiler to swing too wide, and can cause some other failures which are beyond the scope of this discussion. You can custom fit a receiver to become a return station and get rid of an extra piece of equipment for smaller systems. The Boiler is supposed to control the return water pumps in every case. if you have only a receiver and you are allowing it to control the return water pumps by action of the supplied float switch, your system is misconfigured. The sequence of operation goes like this: The Boiler commands the action of the return pumps. Low water level in the " Return Station " commands introduction of fresh water + chemicals. Its that simple. For the systems that are set up backwards as I am describing, the float switch in the receiver is controlling the return water pumps and the low level contact on the boiler is controlling fresh water infeed. This is the wrong way around, and is a hack job way to roll. The contacts on those float switches and motors are not explosion proof unless you buy a rig that is EP rated and set up as such with rigid conduit. The Modified Weinmann receiver I have shown has the stock inlet at about 10-1/4" off the floor which is reasonable. The condensate outlets being set so low on OEM devices is whats at issue and needs to be met by a response on both sides to optimize things.
  15. I can’t say enough good things about the service and attention we have received from Paul and his team. We have a custom configured 300 gallon Ultra Pro Vodka still, 1200 stripping still, 5x 1200 gallon fermentation vessels and a 1200 gallon mash tun. We have worked through the growing pains of opening a distillery together and I continue to receive the best of service a full year now after taking delivery. Changes and improvements to the equipment and workflow are met with enthusiasm and the backing I receive from Paul’s team has been invaluable. They are easy to work with and always willing to lend a hand and answer any questions. When the time comes to plan any expansion Paul will be the first call I make.
  16. We are organizing a 4-day distilling course in Australia. January 20-23rd! https://istillblog.com/2019/12/10/the-worlds-best-distilling-training-is-coming-to-australia/ Regards, Odin.
  17. Karl, one notable Seattle area distillery started with $192K USD, and a $350k loan. That range was confirmed to us by another well known Wash State distillery, by one in Virginia, Chicago and Ohio and a few others under NDA. Ballpark #s, for sure, and your mileage may vary, of course. Glenlyon's comments are spot on. Others I know in the lower mainland of BC started for more/less than the $ figures above, and produce consistently followed products. We of course love the inspiration we see and do our best to put out the best possible. No small group can compete on price, there's no mfg scale of economy. Depending if you are LLC, S-corp, C-corp, you may rethink investors, as 51 % of something beats 100% of nothing. Many we have seen and talked with doubled capacity each 12-18 months. Again, ballpark, and not a promise of course. Best of luck with your plans!
  18. It may very well be. I don't know and I haven't been able to find much information on the production process.
  19. Those of you that use the Kveik yeast or are experimenting with it - what results have you gotten? Are the fruity esters really that pronounced? I've experimented with other beer yeasts, including Belgian farmhouse strains, and haven't been able to make any rum better than what I currently make with wine yeast.
  20. Sounds like you've got it covered Karl. Best of luck, good to see you have local/community support - that's definitely a key component to success! Cheers!
  21. Huffy2k, Thanks for your comments as well. Several people have shared some data with me. I don't need specifics, but it is helpful to see how fast operations scale up and how other have succeeded. Glen has shared some very useful information that will be a tool to help bankers understand the business. The craft market is great too and that is part of my proposal. Other successful distilleries in other parts of the country bolster the general case that this a growth market. I understand will that we are not just selling products, but selling our passion and our commitment to success. There is much agreement among those I talk to locally about the place for spirits in our local market and enthusiasm toward the project. I am excited and I hope to approach bankers after the new year. Karl
  22. I think it's pretty doubtful that folks would be willing to share their actual 1st year sales with you but the real issue is, as others have pointed out, they would be pretty meaningless anyways. So many variables that would have to line up perfectly for the numbers to be remotely meaningful. Thoughtful, carefully crafted projections based on your product mix, SRP's, production capacity, population/tourism potential, etc will work for a bank but in the end, the bank is not lending just because your projections look amazing, they are betting on you and your team and how much confidence you can instill in them. Your entire business plan is the key to getting a bank to listen to you. Don't discount your story, your branding, your marketing, your team; they are as important as your projections to your lender. Regarding your SBDC Advisor's idea to get meaningful data, you could refer to the Craft Spirits Data Project or any of the various market research services on craft spirits to demonstrate the growth and expected continued growth of the craft spirits market.
  23. Does anyone know how to make non-alcoholic distilled spirits (e.g. Seedlip)? What do you use as a base? My initial thought is to use a mix of water and glycerin but one of the main issues I see is the lack of solubility and stability of oils in water.
  24. When we first opened we'd only sell one bottle at a time and we only had vodka - it was pretty sad those first few months. Then we introduced gin and then kept selling out of one or the other. We laugh at it now, but nothing is worse than selling out of a product halfway through an event. Now most of the sales are for multiple bottles as we've gotten a lot smoother when it comes to selling the product. Also, now we have 22 products that we cycle through and you never know what you might encounter when you visit - several products are creations or interpretations of our own and they always sell well when we release them.
  1. Load more activity
  • Create New...