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Huffy2k

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Huffy2k last won the day on May 1 2019

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About Huffy2k

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  1. Hi, I'm Jim from Liberty Pole Spirits near Pittsburgh, we've worked with Geoff extensively over the past several years. He is a great resource and has a well thought out program to help businesses grow. We highly recommend him. Geoff has worked hard to learn the business side of distilling. Besides working with us I know he's also sat down with prominent figures in the Kentucky distilling landscape.
  2. Huffy2k

    Fed Tax cut

    They passed a one year extension.
  3. We've been using this little pump for years! https://www.tcwequipment.com/products/flojet-g70-explosion-proof-air-diaphragm-pump
  4. We were approached by a local group that is interested in pursuing a DSP down the road a bit. In the meantime they are looking to find a partner to produce a whiskey to their specs. Not that we have much excess capacity but we would be able to carve out a week every couple of months to this project. Has anyone done this and if so, how do you price it? Time and materials are the obvious factors but how do you factor current cash inflow versus losing the future retail potential of those weeks we're not producing for our own products? Any help/guidelines would be appreciated so we can make a proposal to these guys.
  5. 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!
  6. 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.
  7. Been running our 600 gallon system from Specific since July. Absolutely zero complaints, great company, great equipment!
  8. Sorry, I don't know of any courses in Canada. Have heard good things about the various offerings at Moonshine University in Louisville although courses there are pretty pricey. There are also a lot of classes offered by distilleries themselves which tend to be less costly. Keep track of the education section in this forum for available classes!
  9. Look at the pro's, You'll be retired so you'll have an income stream from your retirement plan and you won't necessarily need to take money from the business for a few years. Don't discount the advantage that gives you. The best piece of advice I got before starting my distillery was "don't quit your day job" - after 3 years I'm finally starting to transition away from my full time job. A supplemental income during the startup years is very helpful. You own the farm so you won't have to purchase property/buildings. Metal buildings are fairly cheap and you can probably find a great spot on the farm to build (If you don't already have a building available). You have 5 years to learn. Attend classes, visit other distilleries, put a business plan together and see if it makes sense! Cheers!
  10. MarkDM, keep in mind that everyone has a story to share. Some share predominantly the negatives, do not let that completely derail your potential journey before you even start. I remember when my wife was expecting our first child, all the experienced moms out there shared their painful delivery stories to the point she was scared to death. In the end, things weren't as bad as she imagined and we went on to have another child a few years later. She vowed never to share the grisly details of birth to first time moms she met, rather the positive experiences. Apple's to orange's comparison I know but that's what I first thought of while reading this thread. Yes, you want to go into any venture like this with eyes wide open so input from those who have done it, both good and bad, is very valuable. There are scary lows but also euphoric highs in this business, only you can judge if you are willing and able to deal with both extremes. Best wishes!
  11. If your still has an angled agitator shaft (most do), you don't want to run that with any of the blades not completely submerged.
  12. Huffy2k

    Multi Use Labeler

    Race makes some great labelers. https://www.racelabel.com/
  13. We run a USFIP like that and that's been our experience.
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