21 min listen
He Sells Craft Beer On Demand, $250k in 2015, $2m in 2016, EP 259: Charlie Mulligan
He Sells Craft Beer On Demand, $250k in 2015, $2m in 2016, EP 259: Charlie Mulligan
ratings:
Length:
19 minutes
Released:
Jun 5, 2016
Format:
Podcast episode
Description
Charlie Mulligan , co-founder of BrewPublik - a business that Charlie wants to become “Amazon for beer”. Brewpublik provide a premium catering service delivering craft beer to homes and offices in cities across the States. Listen as Nathan and Charlie talk expansion, investment, and how much to sell a start-up for. Famous 5 Favorite Book? – The Goal What CEO do you follow? — Jeff Bezos What is your favorite online tool? — Intercom Do you get 8 hours of sleep?— No If you could let your 20 year old self know one thing, what would it be? —To have more confidence. I can do anything if I set my mind to it. Time Stamped Show Notes: 01:22 – Nathan’s introduction 01:40 – Welcoming Charlie to the show 02:00 – Match over 3,000 types of craft beer to a taste profile 02:30 – BrewPublik delivers beers to your office or home 02:50 – $75 for a case of 24 bottles 03:13 – Offers one-off orders, regular subscriptions and monthly memberships 03:40 – Founded in 2014 04:02 – $275k revenue in 2015 04:15 – Delivered around 80k bottles 04:40 – Net margin of 35% 05:00 – Reinvesting capital in expansion 05:40 – Hope for $1.5-2 million revenue in 2016 06:30 – How do you decide which markets to expand into? 07:10 – Look at baseline demographics: age, income, breweries per capita 08:30 – Then look for with B2B clients 09:10 – Bootstrapped for first 6 months then had an angel investment round of $1 million 09:45 – Looking for Series A in the next 12 months 10:03 – Sees the beer industry as ripe for disruption 11:00 – Would sell the business for $100 million 15:19 – Famous Five 3 Key Points: Have confidence in yourself. Trust your own abilities and move forward. When you’re thinking about expansion, consider what strategy is going to give you a positive operating balance as quickly as possible. Find a niche to disrupt. Successful start-ups exploit a need that no one else has even considered. Resources Mentioned: Freshbooks - The site Nathan uses to manage his invoices and accounts. Host Gator – The site Nathan uses to buy his domain names and hosting for cheapest price possible. Leadpages – The drag and drop tool Nathan uses to quickly create his webinar landing pages which convert at 35%+ Audible – Nathan uses Audible when he's driving from Austin to San Antonio (1.5 hour drive) to listen to audio books. Show Notes provided by Mallard Creatives
Released:
Jun 5, 2016
Format:
Podcast episode
Titles in the series (100)
33: How to Build a $100m SaaS Company: Nathan Latka brings you entrepreneurs daily inspired by Tim Ferriss, Pat Flynn, John Dumas, Entrepreneur on fire, Chalene Johnson, NPR, HBR, and the StartUp Podcast by SaaS Interviews with CEOs, Startups, Founders