Inspired by the craft brew culture in British Columbia, Tyne Bank Brewery have grown year on year on the last five years and have now outgrown their premises. With additional investment they can move to a larger brewery that includes an event space and contact packaging facilities.
Tyne Bank Brewery’s growth has been based on our strong brand and focus on quality craft beers. This has led us to outgrow our current premises in under 5 years.
Instead of just moving to another slightly bigger unit we want to be ambitious and significantly scale up production. We have identified a new building which we feel is perfect for a visitor attraction brewery with the addition of a craft beer tap room and event space. It also has space to house a kegging, bottling and canning line.
Our own experience in the market suggests a shortage of short run canning capacity and as such we envisage this new arm of the brewery becoming very successful. The business plan assumes continued growth in existing sales streams, on line and export sales along with incremental growth generated by onsite sales from the craft tap room and event space. We are forecasting turnover to increase from £342k to £1.3M in 2020 with a NP of 18%. The packaging line would increase that turnover even further to £1.7M with a NP of 19%.
Tyne Bank are seeking to raise £150k to contribute towards the cost of our plans; to refit the building, relocate equipment, upgrade and expand the existing brewery. In addition fit out the tap room and events space and install the bottle, keg and canning plant.