Isn’t the Vancouver market saturated?
Portland, which has a very similar population and demographic to that of Vancouver, has 105 craft breweries as of April 2017.
Metro Vancouver, as of this writing, has only 70 and there are total 135 craft breweries across the entire province of British Columbia.
Additionally, the Oregon Brewers Guild reported that in 2016 Oregon breweries produced an estimated 64.9% of all draft beer sold in the state.
Meanwhile the BCLDB reported that a mere 20% of beer sold in British Columbia was from BC craft breweries.
Using the same reports, it can be seen that year over year growth is on average 25% in the craft (or microbrewery) segment within the province.
All of this is to say, we firmly believe that there is still room for more breweries to be successful.
How many investors do you aim to have?
Our number one goal is to ensure that the investors in Container Brewing share the passion that we do for craft brewing, and are people that we would want to hang out with.
The smaller the group the better, in our opinion, as this will make for a tighter group for us to work with.
All that being said, we really can’t specify a number of investors as it really depends on the size of investment each makes – it’s the total investment that we need to meet that is a known at this time.
We anticipate there not being more than 100 investors, but not likely less than 40.
Do I qualify for the EBC tax credit?
Anyone who has to file a BC Tax return will be eligible to receive 30% of their investment in Container back on their tax return.
How was the sweat equity component calculated?
First we calculated the 3 year net present value of our current annual salaries – which is greater than what we are allocating as sweat equity.
We then combined that tangible number with the facts that we are personally guaranteeing the small business loans with our own personal assets.
Additionally, we have been working nearly every spare moment over the past 2+ years to build out the plan to execute on this business.
It is incredibly likely that we will be working 10-14 hour days – nearly 7 days/week – for the first 2-3 years, which leads us to believe that this is a fair measure of that value.