Brewery / Distillery

Product/service description

The business focuses on making and serving customized cocktails in New Year parties.  All the ingredients, glassware, waiters and a customized menu will be provided along...

Product/service description

The business focuses on making and serving customized cocktails in New Year parties.  All the ingredients, glassware, waiters and a customized menu will be provided along with the service.

 Market Scope/Potential

New Year definitely calls for a party...

Product/service description

The business focuses on making and serving customized cocktails in New Year parties.  All the ingredients, glassware, waiters and a customized menu will be provided along with the service.

 Market Scope/Potential

New Year definitely calls for a party, but it is not necessary to have a party at a hotel or a pub. Small parties can be organized by families and communities at home or hired venues. Having cocktails for a New Year party is fashionable and thrills the crowd. A business that can provide exclusive cocktail mixing services will be in great demand during this time. Proper planning and promotion will help this business to earn a great profit during the New Year.

Opportunities

1. There is a great demand for unique cocktails at a New Year party.
2. It is a very profitable business.
3. The business is great for people who are passionate about mixing drinks and creating new cocktails.

Risks

1. Good promotion is required to advertise the business.
2. In case of a bigger New Year event, the business should be easily scalable.
3. Cocktail mixing is an art and it requires a little bit of training and experience to become an expert.

Entrepreneurial qualities

A person who wants to start a cocktail mixing business during the New Year must be passionate about this art. He/she requires a great deal of experience to experiment with various kinds of cocktail recipes. Also, the business needs to be promoted even before the New Year arrives so that people know about it well in advance.

Conclusion

Cocktail mixing business is a fantastic business and can be very profitable during the New Year. If proper planning and promotion are done, it will be a huge success.

Product/Service description

This business aims at...

Product/Service description

This business aims at setting up a microbrewery that prepares fresh beer in different flavors. The freshly brewed beer is free from...

Product/Service description

This business aims at setting up a microbrewery that prepares fresh beer in different flavors. The freshly brewed beer is free from preservatives, as it is not bottled or stored and can be had right from the barrel.

Market Scope/Potential

The concept of microbrewery is new in India. At present, only a few states have introduced microbreweries, however the trend is catching up soon and people are liking the taste of the authentic freshly brewed beer over the bottled variety that is mass-produced in the big breweries. Thus, setting up a microbrewery business has great prospects in the present scenario.

Opportunities

The beer produced is of a far better quality than the bottled ones. They do not have any preservatives and are available in several unique flavors.

It gives a great opportunity to passionate people to craft their own beer by experimenting with different flavors.

Competition is less, as this concept is still in its infancy.

The demand of beer is increasing rapidly, as the Indian population has started appreciating it for its unique flavor.

Risks

Huge capital is required to start the business.

Special training is required to learn the basics of brewing.

Waste management should be planned effectively.

Proper market research needs to be done before entering into the venture.

The license and the registration might take a lot of time.

Indian government has some stringent rules to abide by when it comes to breweries and distilleries.

People still appreciate spirit more than beer. However, the trend is changing fast.

The production of beer takes seven hours.

Entrepreneurial qualities

Anybody with an aim to start a microbrewery must be ready to invest a huge amount of capital. He/she must have the passion to create beer in unique flavors. A basic training in the field of brewing is also essential. Marketing strategies need to be perfect so as gain as much profit as possible. A visit to the already existing breweries outside India can give an idea of how a real microbrewery function.

Conclusion

A microbrewery has a huge business potential in the next five years but it needs a lot of capital and proper market research.