BrewDog Situation Analysis
Martin Watt and James Dickie had
grown bored of the industrially produced bland lagers and stuffy ales that
dominated the UK market, so they set out to brew their own boldly flavored
craft beer. Consequently, in April 2007
BrewDog was born, and with it sparked a Craft Beer Revolution. Since their
point of inception, filling bottles by hand, and selling their beer at markets
as well as out of the back of a beat up old van, the Scottish Craft Beer
Brewery has flourished remarkably over the past 6 years. From it infancy of
only two men and a dream, BrewDog has grown to 12 bar locations in the UK alone,
while offering their bottled beer in 38 different countries worldwide. BrewDog
first opened its doors to the public in 2011 providing people the opportunity
to buy company shares through their “Equity For Punks” program, which raised
just over £2
million. Initially the offer was over subscribed and closed early which left
many people on the outside missing their chance to invest. Today, the Equity For Punks business model is
back and stronger than ever. The company
is now made up of thousands of shareholders who care passionately about BrewDog
and the Craft Beer they produce. BrewDog plans on doubling their previous
business model, and estimates their current fundraising installment of Equity
For Punks to reach up to £4 million this time around. Over the past five years, BrewDog
has been operating at a calculated average annual growth of 167%. This year the
company has announced record growth for 2013 as it plans on opening nine new
bar locations in the next six months including bars in Sao Paulo, New Delhi,
and Berlin. BrewDog currently stands poised and stronger than ever, as it was
recently named The Fastest Growing Food and Drinks Company in the UK’s Sunday
Times Fast Track 100 of 2012.