Scotch distilleries are owned by the international alcoholic beverage firm Diageo, based in the United Kingdom. The most well-known of its brands are Lagavulin, Talisker, and Johnnie Walker. The renowned Glenlivet and Aberlour distilleries are among the many distilleries that the French corporation Pernod Ricard owns.
William Grant & Sons, Bacardi, and Edrington are more businesses that hold distilleries in Scotland. However, Diageo and Pernod Ricard are the undisputed leaders when it comes to the total number of distilleries held.
The question that remains is: Is running a distillery profitable? Yes, owning a distillery may be extremely profitable. However, it necessitates a large upfront investment in terms of both time and money. A high-quality whisky must be distilled for years, which adds to the process’ length and complexity.
Additionally, it can be very expensive to launch a whiskey brand. Industry estimates state that the price to launch a whiskey brand can range from $500,000 to $5 million, depending on the size of the distillery, equipment costs, and marketing costs, among other things. A commercial still can cost anywhere between $10,000 and $1 million, depending on its size and complexity, and we’re still talking about equipment. When it comes to beginning a distillery, this is one of the biggest costs.
How much does it cost to create your own alcohol brand, in conclusion? Depending on the type of alcohol and the scale of the activity, the answer to this question varies considerably. But it’s safe to say that opening a distillery involves a considerable time and financial commitment.
In conclusion, a small number of corporations—Diageo and Pernod Ricard—own the majority of the distilleries in Scotland. Although owning a distillery can be quite lucrative, it demands a sizable initial time and financial investment. Starting a whiskey company can cost between $500,000 and $5 million, while buying a commercial still can cost between $10,000 and $1 million. In the end, opening a distillery calls both a love of the trade and a strong financial commitment.