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The state of the economy at the street level

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sptrawler said:
Pubs might start and feel the squeeze, as another tax increase hits.
I'm getting the feeling over the bar prices are starting to bite the bar flies, I know the 4% increase last August, caused a bit of a reaction at my local.
I think if I owned a marginal pub, I would be looking for the exits, another 4% might be the straw that breaks the camels back.?
Maybe there will be an increase in foot traffic, for BWS, Dan Murphy's, First Choice etc.

www.9news.com.au

Aussies set for $12 schooners as beer tax to jump

www.9news.com.au www.9news.com.au
The price of beer is set to rise yet again, with the tax raised by the ATO.
From February 1, the price of an average schooner could be $12, with the excise increasing by 3.7 per cent.
The tax on beer is tied to inflation, and rises every six months.
And with the consumer price index rising 7.8 per cent over the last year, it means a larger than usual jump in the tax.
That includes beer sold on tap at the pub and in cartons at the bottle shop.
The current taxes mean Australians pay more in beer tax than every other nation, save for Japan, Finland and Norway.
The Brewers Association is now lobbying Treasurer Jim Chalmers to put a two-year freeze on tax increases.
Click to expand...

Is this the start of more to come - Ballistic Beer Company enters administration with massive ‘restructure’ underway

I started an affair with Craft Beers about 12 years ago, even planned a holiday to California to visit as many craft breweries as possible. When starting the journey there wasn't a lot of craft breweries in Australia, but over the last 6 years or so they have popped up like mushrooms in the night. A couple of years ago I started to wonder how sustainable the industry could be, there is only so many slices to a pie.

Ballistic Beer may be one of the first, and the owners think that it's ok to call bankrupt and restructure before re-opening. What about all their creditors?

Beer lovers have reacted with shock after Brisbane’s popular Ballistic Beer Company announced it had entered administration.
The firm, which is one of Queensland’s best-known independent brewing companies, has appointed Jason Stone and Paul Allen from PKF Melbourne as administrators, according to a filing with ASIC dated January 24.

Co-founder David Kitchen told industry publication The Crafty Pint the company hoped to remain trading after a massive restructure, adding directors and shareholders wee working with “an experienced industry group to put together an investment and restructuring plan”.

“The present intention is to continue trading,” Mr Kitchen confirmed.

“Ballistic Beer is still available online, in venues and at great retailers nearest you.”

e76f6bd11d825424380e0b7d1f5f5c19.jpg
Brewer Jake Harrison from Ballistic Beer, pictured in 2020. Picture: Josh Woning
He also told fellow brewing industry publication BrewsNews he was expecting a positive outcome.

“The aim of that VA [voluntary administration] is just to reorganise and restore the balance sheet,” he said.

“And we expect to be out of it in five weeks time, and onwards and upwards.

“What we expect is in five weeks’ time, the company will be in a much better shape and, in the meantime, Ballistic will continue trading and our product is still available in venues and in bottle shops, national chains, and for wholesale. So that doesn’t change.”


However, he confirmed staff were facing an uncertain future.

“We have to now go through this process of the reorganisation and that will determine ultimately where we finish up. So it’s a process now that really the administrator is spending a lot of time with our GM and coming up with a plan that he believes is a viable option for us to proceed and that he can recommend to close out the VA,” he told the publication.

However, there’s good reason for Mr Kitchen to feel hopeful, with another Brisbane brewery, Easy Times, bouncing back from administration just last month.

According to Ballistic Brewing Company’s website, the Brisbane company was launched in 2017 by “two mates who played rugby together 20+ years ago in Hong Kong”.

abe0ec431907e5edf1447f4625c33163.jpg
Ballistic Beer managing director David Kitchen with head brewer Lachy Crothers.
Since then, Ballistic has grown to be an independent, multi-award-winning brewery, opening its first tap room to the public at the flagship Salisbury Brewery in April 2017 and going on to add another four venues, in Brisbane’s West End, Springfield, Bundaberg and Airlie Beach.

The website says the brand is famed for its “approachable, innovative and well-balanced beers” and that the company has won nearly 100 gold, silver and bronze medals at various national and international competitions.

A meeting of creditors will be held on February 6.

Meanwhile, fans have taken to the company’s Instagram page to share their shock at the news and to post messages of support.

“Please do not sell out to an overseas owned company. that would be devastating!” one person posted.

“So sad to hear you’re in administration. Here’s hoping you come out the other side and stronger like @easytimes.brewingco with the help of PKF,” another wrote.

Easy Times Brewing Co also chimed in, posting that “We hope Ballistic Beer come out of this stronger than ever too”.

In a statement by PKF, the administrators confirmed the company had entered VA and that “PKF’s present intention is to carry on the company’s activities and to continue trading”.

“We are reviewing the company’s operations, activities and financial position to enable us to provide an opinion on the company’s future,” the statement reads.

“It is expected that a proposal will be received and that, if accepted, will see the company continue into the future.”

News.com.au contacted Ballistic Beer Co for comment.
Click to expand...
 
Neighbour is off to Adelaide to lay off 50 employees of the company he works for.

Another neighbour is participating in a Global Town Hall, today, whence 15% or 1,000 employees of the multinational will be outboarded. The Xmas season was tepid.

And in the paper,
US software giant Salesforce has swung the axe on the local operation of its venture capital efforts ..., in a sweeping global round of redundancies
Click to expand...
 
Dona Ferentes said:
Neighbour is off to Adelaide to lay off 50 employees of the company he works for.

Another neighbour is participating in a Global Town Hall, today, whence 15% or 1,000 employees of the multinational will be outboarded. The Xmas season was tepid.

And in the paper,
Click to expand...

Which multi-national?
 
My mate who runs a retail/wholesale non branded wine beer spirits shop, caters for home brewers and distillers.
He says business has never been busier, in the home brew and fake spirits mixers department.
He is also doing a good trade delivering 1000litre wholesale plastic casks to clubs, and indiduals who bottle and label wine for thier own consumption.
He hires out corking machines, sells the corks, and will even print out labels for them, all at a fee of course.
Has just ordered a new series 300 landcruiser, so business for him at least, can't be too bad.
Mick
 
mullokintyre said:
My mate who runs a retail/wholesale non branded wine beer spirits shop, caters for home brewers and distillers.
He says business has never been busier, in the home brew and fake spirits mixers department.
He is also doing a good trade delivering 1000litre wholesale plastic casks to clubs, and indiduals who bottle and label wine for thier own consumption.
He hires out corking machines, sells the corks, and will even print out labels for them, all at a fee of course.
Has just ordered a new series 300 landcruiser, so business for him at least, can't be too bad.
Mick
Click to expand...
yes home brewers/distillers could see a nice opportunity looming ( something quite trade-able in a financial collapse )
 
Hmmm when times get tough, can't give up the booze, just drink more!!!!!!
Back in the day when i was able to enjoy an ale or three, used to brew my own, nothing like the lolley water the grog shops sell, just about blew your head off.
 
high alcohol content booze is useful for more than just oral consumption

lower strength brews may become a safer alternative of fluid intake , if bottled before big events ( system failures )

am not saying you need a shed-full , but might be a useful addition to the pantry , or goods available for barter
 
divs4ever said:
high alcohol content booze is useful for more than just oral consumption

lower strength brews may become a safer alternative of fluid intake , if bottled before big events ( system failures )

am not saying you need a shed-full , but might be a useful addition to the pantry , or goods available for barter
Click to expand...
Unfortunately or fortunately no longer partake of the amber fluid and have had to give up on the grape intake also. Folly of the injuries i uncounted 3 years ago. Drugs intake and alcohol no do mix well in my gut these dys.
 

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