Napton Cidery is a family-run cider producer. Trading since February 2016, the company has already won 3 international awards and sales have increased ten-fold in the last year (P&L -£38,850.42). Now seeking investment to expand in order to meet demand in the booming cider market.
Here at Napton Cidery, we started by producing 1500 litres of cider in 2016. We sold out by the following Christmas and decided to make more.
In 2017, we produced over 16 different flavours of cider, not including our apple brandy, vinegar, and apple juice. Sales went up to 9,000L (April 2017 to April 2018)- an amazing achievement for us! During the last 3 months, we have sold around 3000L per month and built a great reputation, things seem to be picking up rapidly. The cider industry has grown by 3.5% in the last year, which is more than expected in the current financial climate.
The company is currently looking to increase its volume of cider production in order to keep up with demand. This includes our new fruit ciders. Fruit ciders now represent 27% of the UK cider market as a whole.
We are currently operating at a 62-64% margin per product. We are planning to release several new products next year in champagne-style bottles, with which we aim to increase our turnover and profit per litre by economies of scale and also give us the opportunity to break into the sparkling cider market. Further, we are aiming to increase our on-trade and private sales this coming year with a new webshop.
We are planning to employ a new member of staff to look after our marketing, especially design and graphics, which is currently outsourced.
Disclosure: Director and commercial loans exist