Napa Cabernet Sauvignon COGS

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Slide 1: 

Winery Biz 101: COGS: Napa Valley Cabernet Sauvignon A 5,000 Case Winery Perspective Jack Ryno www.WineryThink.com

Slide 2: 

Growing Grapes Winemaking Packaging & Warehousing Bare Land $0/btl Grapes $6.11/btl Bulk Wine $2.71 – $5.42/btl Bottled Wine $10.00 – $20.00 – $37.50/btl Retail Consumer $20.00 – $40.00 – $75.00/btl 2008 Napa Cabernet Sauvignon Value Stream www.WineryThink.com Distribution

The Make Up of Wine COGS : 

The Make Up of Wine COGS Operations Staff Production Facilities Overhead Grapes Harvest Processing Bulk Wine Storage and Aging Bottling Warehousing www.WineryThink.com

COGS: Staff and Facility Component : 

COGS: Staff and Facility Component Highly Variable and Specific Acquisition Costs Type of Wine Produced Equipment and Processes Used HR Needs and Philosophy For This Analysis, Assume: Typical Napa/Sonoma Custom Crush Pricing Adjusted costs under “Other” 5,000 Cases Total Production 1,000 Case per Lot/Variety www.WineryThink.com

California State Grape Crush Reporthttp://www.nass.usda.gov/Statistics_by_State/California/Publications/Grape_Crush/Final/index.asp : 

California State Grape Crush Reporthttp://www.nass.usda.gov/Statistics_by_State/California/Publications/Grape_Crush/Final/index.asp www.WineryThink.com

California State Grape Crush Reporthttp://www.nass.usda.gov/Statistics_by_State/California/Publications/Grape_Crush/Final/index.asp : 

California State Grape Crush Reporthttp://www.nass.usda.gov/Statistics_by_State/California/Publications/Grape_Crush/Final/index.asp www.WineryThink.com

Slide 7: 

www.WineryThink.com COGS: Grape Component Dist 4 Cab Sauv: $4,619.44 per ton Yield: 60 cases produced per ton COGS (Grapes): $76.99 per case produced

COGS: Production Assumptions : 

COGS: Production Assumptions Napa/Sonoma Custom Crush Pricing Variable, Based on A La Carte Menu Assumes “World Class” Production Techniques Winemaking “Problems” Increase Costs Time Period: Harvest Through 12/31/201X Storage/Aging + 18 Months Warehousing 6 Months Bottle Age, 12 Month Selling Cycle Premium Packaging www.WineryThink.com

COGS: Harvest Component : 

COGS: Harvest Component Est/cs Crush & Press – Open Top $11.67 Acid Addition 0.23 Press Cut 0.58 Tank Warming 0.44 Barrel Delivery 0.21 First Rack 0.27 Rack to Barrel 0.32 Barrel Storage 1.37 Laboratory Analysis 1.39 Total Harvest Component $16.46 www.WineryThink.com

COGS: Bulk Storage and Aging Component : 

COGS: Bulk Storage and Aging Component Est/cs Barrel Storage (full) $ 5.70 Barrel Storage (empty) 0.93 Tank Storage 0.72 Rank/Blend to Tank 0.32 DE Filtration 0.42 Pad Filtration 0.44 Laboratory Analysis 0.99 Samples 0.08 Total Storage/Aging Component $ 9.59 www.WineryThink.com

COGS: Bottling Component : 

COGS: Bottling Component Est/cs Bottling $ 4.20 Glass 9.69 Corks 3.04 Capsules 2.13 Labels 3.25 Total Bottling Component $22.31 www.WineryThink.com

COGS: Warehousing Component : 

COGS: Warehousing Component Est/cs 18-Month Bottle Aging/Selling $ 2.10 www.WineryThink.com

COGS: Other : 

COGS: Other Est/cs Winemaking Consultant $10.00 Alternating Proprietor /Admin. 3.25 Barrels & Racks (a) 19.40 Total Other $32.65 (a) capitalized expense www.WineryThink.com

COGS: Napa Cabernet Sauvignon : 

COGS: Napa Cabernet Sauvignon Est/cs Staff and Facility $ Incl. Grapes 76.99 Harvest 16.46 Storage & Aging 9.59 Bottling 22.31 Warehousing 2.10 Winemaking Consultant 10.00 Alternating Proprietor 3.25 Barrels & Racks (a) 19.40 Total COGS $160.10 www.WineryThink.com

Slide 15: 

Growing Grapes Winemaking Packaging & Warehousing Bare Land $0/btl Grapes $6.11/btl Bulk Wine $2.71 – $5.42/btl Bottled Wine $10.00 – $20.00 – $37.50/btl Retail Consumer $20.00 – $40.00 – $75.00/btl 2008 Napa Cabernet Sauvignon Value Stream www.WineryThink.com Distribution

Slide 16: 

Growing Grapes Winemaking Packaging & Warehousing Bare Land $0/btl Grapes $6.11/btl Bulk Wine $2.71 – $5.42/btl Bottled Wine $10.00 – $20.00 – $37.50/btl Retail Consumer $20.00 – $40.00 – $75.00/btl 2008 Napa Cabernet Sauvignon Value Stream www.WineryThink.com Distribution $13.34 COGS ($160.10 / 12 btl/cs) 3-Tier

Slide 17: 

Growing Grapes Winemaking Packaging & Warehousing Bare Land $0/btl Grapes $6.11/btl Bulk Wine $2.71 – $5.42/btl Bottled Wine $10.00 – $20.00 – $37.50/btl Retail Consumer $20.00 – $40.00 – $75.00/btl 2008 Napa Cabernet Sauvignon Value Stream www.WineryThink.com Distribution $13.34 COGS ($160.10 / 12 btl/cs) Direct to Consumer

COGS: Summary : 

COGS: Summary Staff Needs and Facility Overhead is Highly Variable and Specific. Grape Costs can Represent 50%, or more, of the Total COGS. Production Costs Decrease as Volume Increases. Winemaking “Problems” Increase COGS. Understanding the Value Stream and COGS are critical in Developing a Successful Winery Business Model. The Third Component is Understanding the Cost of Sales and how the Wine will be Sold into the Marketplace. www.WineryThink.com

Slide 19: 

Jack Ryno www.WineryThink.com See more Winery Biz 101 videos at: www.WineryThink.com