Canned Cocktail Business Success Stories [2024]
Fancy sleek, ready-to-drink cocktails? Dive into the canned cocktail business.
This venture involves creating a line of pre-mixed alcoholic drinks, packaged in convenient cans. You'd be blending mixology with convenience, offering a sophisticated drinking experience on the go. The growing demand for premium, ready-to-drink beverages makes this a timely opportunity.
Setting up involves recipe development, sourcing quality ingredients, and selecting sturdy, stylish cans. You'll need to meet regulatory standards and consider scalable production methods. Marketing efforts will include branding and social media campaigns to capture the lifestyle appeal.
The canned cocktail market is ripe for innovation. If you have a knack for creativity and a head for logistics, this business can offer a rewarding mix of artistry and enterprise.
In this list, you'll find real-world canned cocktail business success stories and very profitable examples of starting a canned cocktail business that makes money.
1. Drake’s Organic Spirits ($10.8M/year)
Mark Anderson, the CEO and Founder of Drake's Organic Spirits, came up with the idea for his business after realizing that many popular spirit brands were made from genetically modified corn ethanol. With his background in organic farming and experience as the largest importer of non-GMO verified, organic cane sugar, he wanted to create a spirit with the purest, freshest, and most sustainable ingredients. Thus, Drake's Organic Spirits was born, offering certified USDA Organic, Gluten Free, Non-GMO Project Verified, Vegan, and Kosher spirits, mixers, and ready-to-serve cocktails.
How much money it makes: $10.8M/year
How much did it cost to start: $320K
How many people on the team: 20
Drake's Organic Spirits, the largest organic alcohol company in the US and the first to achieve all five certifications, has achieved success through producing sustainable spirits that are good for both consumers and the environment, and has experienced rapid growth, with a 2020 sales of 40,000 9L cases and projected sales of over 100,000 for 2021.
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Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
Download the report and join our email newsletter packed with business ideas and money-making opportunities, backed by real-life case studies.
