In this episode of the Maffeo Drinks Podcast, I continue the conversation with Andrew Friedman, an ex-bar Owner (Liberty, Seattle, WA) and the brand builder behind Industry Spirits. Andrew shares his journey from bar owner to brand owner, highlighting the importance of community, education, and strategic planning in the drinks industry. The discussion delves into the challenges and rewards of creating a bartender-owned brand, the nuances of marketing and sales strategies, and the decision-making process behind scaling a business organically versus aiming for a large-scale buyout. This episode, which includes anecdotes about industry dynamics and practical advice for aspiring brand creators, underscores the value of thoughtful growth and collaborative success in the beverage industry.Time Stamps00:00 Welcome to the Maffeo Drinks Podcast00:26 The Value of Listener Feedback01:37 Training and Collaboration in the Bar Industry03:16 Challenges and Realities of Brand Promotion05:44 From Bar Owner to Brand Owner07:56 Building a Bartender-Owned Brand09:09 Strategies for Brand Relevance27:59 The Importance of Legacy and Scale35:26 Wrapping Up and Contact InformationAbout The Host: Chris MaffeoAbout The Guest: Andrew Friedman
In this episode of the Maffeo Drinks Podcast, I continue the conversation with Andrew Friedman, an ex-bar Owner (Liberty, Seattle, WA) and the brand builder behind Industry Spirits.
Andrew shares his journey from bar owner to brand owner, highlighting the importance of community, education, and strategic planning in the drinks industry.
The discussion delves into the challenges and rewards of creating a bartender-owned brand, the nuances of marketing and sales strategies, and the decision-making process behind scaling a business organically versus aiming for a large-scale buyout.
This episode, which includes anecdotes about industry dynamics and practical advice for aspiring brand creators, underscores the value of thoughtful growth and collaborative success in the beverage industry.
Time Stamps
00:00 Welcome to the Maffeo Drinks Podcast
00:26 The Value of Listener Feedback
01:37 Training and Collaboration in the Bar Industry
03:16 Challenges and Realities of Brand Promotion
05:44 From Bar Owner to Brand Owner
07:56 Building a Bartender-Owned Brand
09:09 Strategies for Brand Relevance
27:59 The Importance of Legacy and Scale
35:26 Wrapping Up and Contact Information
About The Host: Chris Maffeo
About The Guest: Andrew Friedman
The MAFFEO DRINKS Podcast is a leading drinks industry podcast delivering frontline insights for drinks leadership.
For founders, directors, distributor MDs, and hospitality leaders navigating the tension between bottom-up reality and top-down expectations.
20+ years building brands across 30+ markets. Each episode features drinks builders: founders, distributors, commercial directors, sharing how the drinks industry actually works. Not the conference version. Honest conversations.
Insights come from sitting at the bar.
Beyond episodes: advisory for leadership teams, subscription with episode deep dives and principles to navigate your own reality.
Beer, wine, spirits, Low and non-alcoholic.
Bottom-up Insights & Episode Deep Dives at https://maffeodrinks.com
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Now let's dive into today's
episode.
You make mistakes, but you have
to figure out what does that
next?
What does that next 10 years
look like?
And for you, I love that this is
the the process because not only
are you doing something great
for yourself in your family, but
how many people listen to this?
How many people get a lot out of
there.
That's why I imagine you're
listeners are growing, because
you provide a great value.
Yeah, yeah.
The podcast is not a a money
making machine.
It's a money eroding machine.
But in a way, like the biggest
gift for me, for example,
talking to me is those messages
that I get randomly on Instagram
or LinkedIn, you know, people
saying like, Hey, dude, you
know, I've got so much, so much
value.
I mean, you, you were one of
those, you know, like when, when
you get people that, you know,
gain value out of these things
and spend the time, because it
takes time to, to write a
message, You don't do it.
It's not like a 2 minute thing,
even if it's just like, hey,
love what you're doing, keep it
up.
You know, it's maybe maybe I get
that message on one of those
down days that I'm like, should
I continue doing this podcast
kind of thing?
And then maybe I get your
message, you know, randomly when
I wake up in the morning and
that keeps me going, you know,
So it's because.
It says there's 10 people that
steal it that don't say.
It you were saying, like the for
example, that training kind of
element know, I mean, I, I know
what you were saying.
So you would doing trainings for
the city, you know, in a way you
know, like so people even from
other bars could come to your
bar and.
That was a very Seattle thing.
It's it's not just we both each
other spars, but we work
together.
And again, when I people in LA
we talk about this, they'd say,
yeah, we do that too.
And you go there, they're just,
it's very competitive.
New York.
It was more, a lot more working
together.
But still it's so hard to live
in New York that they're
everyone's crawl flying for what
they can get.
But in Seattle, we had the
ability back then before tech
really took off and you could
have a $500 apartment to take
the time to develop ourselves.
So the training part is what
allowed us to have the time to,
instead of have a three-year
captain, to have a five and
seven-year captain in that
context.
So someone could take the time
to learn about.
I helped start the Distillers
Guild here, the bartender Guild
at some point, another I, I kind
of forced myself on their USBG
because the USBG was kind of
like a big brand funnel
bartenders not really resenting
that.
So I ran the United States
bartender skill exactly.
And it's, and eventually I'm not
going to go through the whole
fun story here, but eventually
they made me the VP of
Education, which was really
what, that's the kind of thing I
enjoy doing.
My goal throughout all this was
to make sure bartenders are part
of the equation when the brands
come through and they want to
use me, use my bar to promote
themselves.
We insisted that there was an
element that they had to do more
than just talk about their
product.
I remember 1 specific time, oh
so typical.
There was a young woman who came
in and she worked for a big
branch.
She just graduated from college
marketing degree.
And she came in and this
actually this happened in
Portland and she apologize
happened in Portland and she
came in and she started talking
about the brand stuff and how
it's made having really no idea
about any ask questions.
And Portland, they're really
intellect and nuance stuff.
And I remember the person who's
running the meeting said, hey
shop, you're literally not
telling us anything we don't
already know.
We're going to move on now.
And basically just picked her
out, not to kick her out, but
just moved on the conversation
because there was no interest in
being programmed.
There's no interest in being
talked to.
There's interest in learning.
We generally wanted to learn
about if Sapphire Gin is a
compound gin, how does it work
compared to just?
Pick.
Gin du jour, London gin du jour
where it's all made.
They put the botanicals above
the still and it dripped the
botanicals off steam and it
drips in and that people want to
know the difference of how
regime was made back then.
I think it probably still do.
I haven't done in a while, but
we wanted to know this.
We want to know about different
Nashville's.
We really want to know about how
successful whiskey company might
have 10 Nashville's and I'm not
saying the rest of the country
didn't have this, but I'm just
saying it was it was a special
Northwest Seattle, Portland.
It was just a special interest
beyond brands loyalty, beyond
brand indoctrination that we
just didn't see anywhere else.
The brands won in the end.
In the end, you fly enough
people out to see the the
Hacienda in Mexico.
Eventually they stop selling the
stuff that we loved and you
start to see those bars.
And that's why I knew we lost is
when we start to see Patrone
everywhere.
There's nothing wrong with with
Patrone.
It's really well made tequila.
But why would I spend $50 on a
bottle of Patrone when I can
spend $50.00 and something
that's made by a smaller
Hacienda where they're steaming
their agaves and they're just so
careful about the work?
That's what we used to talk
about.
That's what we taught people.
That's what was important for
us.
The interesting thing for me is
like, what made you move on and
decide to launch your own brand?
You know, like where did you see
that opportunity on, you know,
moving from bar owner to brand
owner?
Well, really it was the
education part, that community
part.
Why was that so important?
We had talked about that too
much probably.
But at some point it stopped
being fun because I noticed
again, my best bartenders be
stolen by brands or stolen by
other bars.
I realized I was making a lot of
other people very welcome.
And daughter is lovely, 11 year
old.
And when you own a small bar,
the economics of if you do a
great job, we're selling
$1,000,000 a year.
You know 50 some seat barred.
Well it sounds great right?
Except when you find the
economics is that you earn 7% at
the end of the year.
Rough 7% of $1,000,000 or taps
is $70,000 and at some point you
want more than that be a farmer
and all the great bar do doing
great things every day whereas
walking I was happy Beagle but
some point I realized why am I
helping all these other people
get rich?
Why didn't these presidents of
these companies coming to live
with you, the felt movement Take
Me Out for dinner when I do your
events, your bars are brown
blows up in Seattle blows up
around the country.
And now they had they sell their
brand for hundreds of millions
of dollars.
And I said, what the hell am I
doing?
I resented actually that these
guys I recognized for years
knowingly took advantage of all
our so they could in fact cash
out that Wyden started bringing
it down to sell it.
And so at some point I realized
it's time for my Co workers to
move on to the bar.
They can do the next generation
for liberty and do what they
want.
And I watched friends around me
start their brands, watched them
start with wonderful brands and
I watched them one by one find
more trouble.
So I thought, you know, I'm
going to do I'm going to start a
well.
So industry spirits is a arch
and your own brand.
We're wells brands, your vodka,
gin and even now we're going to
bottle run our we're bottled
here in Seattle.
You get our product from all
over the world.
And at some point it was obvious
that for me to move on, I want
to be one of the people that
works with my community.
But first I wanted to just a
Wells company.
So when I walk into a bar and we
could talk about the 50 best
bars.
Also, this is a fun thing to
discuss, But when you walk into
a bar and say, OK, your well is
brand act.
I'm big corporate brand acts and
I say this is legitimately a
bartender own brand.
Everything we do hire bartenders
and train bartenders how to be
ambassadors.
You train bartenders how to be
salespeople, you train them how
to, in effect, work towards
really being able to make
something in that industry, to
move from behind the bar, to
give themselves a career.
And when bartenders hear that,
they, the bar managers, they
say, yeah, so we converted very
quickly, terrific amount of back
bars because we built a better
mousetrap.
We're doing something for
bartenders by bartenders.
Our message.
We'll see.
You wrote some good stuff last
week on LinkedIn.
Vodka is a couple weeks ago is
the 50 best bars.
Why are you going after the 50
best bars?
Everybody's going after the 50
best bars in our city.
There's 20 bards that are
outstanding.
Everybody wants their attention,
but there's another 500 bars
that sell as much and more
outcome.
So I had to wean myself in this
idea of going to those 50 best
bars and saying, hey, you should
serve industry spirits.
It is so much more difficult
though.
Everybody else can make mention
if you're the most attractive
purchasing room, everyone wants
to talk to you, and if you're
one of the 50 best bars,
everybody who's trying to work,
it takes so much more effort to
do that.
So my goal was to get into
everyone of those upper bars.
I'm still working on those 50
best bars.
But Chris, if I had to spend
literally 10 times more effort
to get into RX and then Bar Yi
can just walk in and they'll
take my product because they
appreciate what we're doing, why
am I going to spend all their
time?
It's about who's relevant.
And, you know, imagine like I've
been a marketing guy in my
previous life, previous
corporate life.
No, and I remember myself like,
I mean, I, I hate myself for
having these meetings with the
sales teams bitching about, no,
you shouldn't go into the bar.
You know, like, you know, like
those bars are not premium.
You know, like you should keep
the premiumness of Peroni.
When I was selling Peroni, I
developed myself when I became a
sales guy and then a country
manager.
And then I started to be
responsible for the TNL and then
all of a sudden it was like, you
know what, that, that, that
container that I can send, I can
send it, you know, like that's
making my monthly objective and.
Do you remember that?
Do you remember when you came up
with that idea that the ones
everyone wants to get or the
hardest ones to get and the
least value to me because
someone else is going to try and
take that spot from you
anywhere?
Yeah, I, I remember that when I
was, I was responsible for a
European country and I remember
I rolled out a new way of
working with the sales team for
the entree sales team, you know,
the CRM system and and so on.
And I remember that there was
thesis that we had to do some
visits to visit some bars and
there was a bar that in, in one
month got 27 visits.
There's some bars that don't get
visited and this bar is getting
27 visits, you know, and it's
like, you know, are you joking
or you're serious?
You know, like, what are you
doing there?
You know you're going there for
coffee, trying to to talk to the
owner.
They bounce you.
You know the owner.
Pretend he's not the owner.
Is that the question that Chris,
you asked your, your sales
people is why do you want to be
#28 what do you think you're
going to be able to do as #20
that the 1st 27?
And the The thing is that, you
know, there isn't there is a bar
next door that is piggy bagging
on on that bar that is very
successful and then should go in
there for lunch and coffee and
you can make as much money
because nobody's basically going
there, you know, and it's as
much relevant and probably even
more relevant for that
positioning that you have with
your brand or that occasion.
What is very interesting for me
like that the fact that, you
know, you were not thinking
about like a fancy brands and
you were talking about the well,
the speed rack.
It's something like a nobody,
nobody's seen that, you know, is
the biggest opportunity for
volume.
It seemed to me crazy that no
one had cared to go after the
number one product in Target in
terms of volume and price and
and just I'm stop price.
But in terms of volume and cost
to the bar, a bars can spend
more on their well easily than
they will on their next level of
premium gin or premium vodka.
I guarantee you at most parts
spend more money on well X and
they do on Grey Goose or they do
on Sapphire.
Most of them do.
Same with when it was Peroni.
If you're selling, trying to
sell Peroni, that category is
very full.
So even if you get it in that
great part, even if you're
person 28, you finally get it on
the tap there, someone's going
to pay them $500.00 or £500 or
â¬500 or whatever it is 2 days
later to take it off and replace
it.
Yeah, place or the place next
door.
They're going to keep it on
forever for two reasons 1, you
sold it to them and they, they
felt it fit in their bar.
They wanted to work with you and
here in the States that all
these people want to do, those
50 best partners because they
grew up in a world where they
read those awards every year.
And they said, those are the
bars I want to work with, the
eagle part of these.
They can go back to the salesman
and say, I've got it into Bar X.
Yeah.
And the sales manager is like
that widget.
It's like the Van Winkle story I
told where I'm so happy to have
this experience with this top
bar, this top product.
But my sales manager is going to
say to me, you spent how much
time trying to get into that
great bar, but where are your
other 10 sailors you're supposed
to have the time you spent
trying to get to the great bar
took so much more time, effort
and energy and money because
they look to see where you spend
their money.
It's it doesn't pay out.
And that's the kind of thing
that hopefully people will learn
is how you spend your effort and
energy results in your future.
Your future is trying to please
a bar manager who gets a lot of
press.
Yeah, bar manager gets a lot of
presses and expect you to treat
them like everybody else, reach
them, and a bar next door simply
wants you to come in and show
them some attention and care.
And it's a, it's a, it's a much
easier sale and it's a longer
term.
I think there's a couple of
points there because one, one
point is the elements of, you
know, why are you doing that?
You know, because if you're
clear on why you're doing that,
there's nothing wrong with it.
Like I remember when I was a
sales guy in Rome, you know,
there used to be at this club
called Goa, there was a famous
DJ, John Catalino.
And I remember like I was
selling Internet advertising
back then with my colleagues.
It was a crazy project because
it was 2001.
It was basically like Facebook
pages for bars and restaurants,
but Facebook didn't exist.
So it was like, it was crazy.
I mean people dear, how do your.
Time.
You know, my, my clients didn't
have an e-mail address and I was
selling them Internet
advertising and, and Internet
pages and, you know, imagine
they had no idea they were
confusing websites with e-mail
addresses.
It was crazy time, you know,
sounds like prehistory.
But the interesting thing was
that we had made a demo
presentation for each typology
of outlet.
You know, that we had a
pizzeria, we had the fancy bar,
we had the club and so on.
And then we had the demo page.
But it was with the real
customers.
It wasn't like a dummy page.
It was a real page.
So when I when I was going to
clubs to do the presentation,
then I, I was coming and then
this is what you will get.
And then there was this picture
of Goa, this club, there was the
hottest club in Rome back then.
And it was like, OK, but that's
a dummy page now.
Like that's not your client.
I said, of course it's my
client.
It's like, come on, you know, do
you want me to call Giancadino?
And I was like, call him.
And then they were calling.
I was like, I'm sitting with
this guy.
What's your name again?
You know, I was like, yeah,
yeah, yeah, yeah.
I'm, I'm their client.
And their, their face was
shocked.
No, but the thing for me was
that, I mean, they were paying
the smallest fee possible, but
for us it was just like to get
the foot in the door into that
element of those other clubs,
you know.
So we had a clear back back
then.
I mean, I was 21.
I had no idea that I had a clear
strategy like looking in the in
the.
In the.
Looking looking back, I realized
I was very smart back then with
my colleagues.
But at that time like you, we
didn't expect, OK, we're going
to make money with that club.
Is it was like by saying that we
are with them, we are going to
win other relevant outlets that
otherwise wouldn't do it, you
know.
But The thing is that it was
about relevance.
It wasn't about cold factor.
So the second point I want to
come across is that I want to
explain is that there is this
element of this pyramid.
We have been trained on
marketing books and stuff about
this pyramid spillover effect,
the champagne Tower.
But it doesn't work like that in
reality.
You know, it's not the 50 best
bar that have the spillover
effect.
It's the fact that if you are in
the relevant 50 best bar, but
it's not about the fact that
it's A50 best bar, it's about
the fact that it's relevant.
So if it's a relevant B plus bar
is as important as A50 best or a
class relevant bar.
But if the 50 best bar is not
relevant, it's much better to be
in the B class relevant than in
the A class 50 best bar non
relevant.
Can I tell you what I heard in
that story?
What I heard in that story is
you guys were able to take
advantage of a relevant bar to
promote your own ends, which was
to promote your company.
That is kind of what I'm
discussing that the big, the big
brands do if they take advantage
of because in the end you're
friends with a guy, Goa, you got
him something that hopefully
would work for him, but in the
end, he was the tool that you
used to get everyone else.
Absolutely.
Right.
And the question I always have
for people is that how can your
friend there take advantage of
your using him?
And for me, everything is about
how we can all take advantage of
each other.
I don't know what go on another
the product you had and the
service you've had, but
hopefully they got something
great out of it.
The same way you're able to use
them to get into these other
bars.
So they would say, wow, is it
Goa?
You must do something impressive
because it's Goa.
Praise is impressive.
That's that's what the big
liquor brands figure out if they
get into zig Zag here in
Seattle, if they're a cannon in
Seattle, if there any one of the
big bars in Seattle, that means
everyone else is going to say,
whoa, that must be something.
So I know that bartender only
works with quality stuff, but a
lot of times they're, you know,
a broken record about this.
The brands will use that bar as
much as possible, but in the end
does don't really care.
It sounds like you were excited
to help your friend and Goa.
Hopefully he could take
advantage of Internet to grow
his business.
But usually.
Like that?
No, Absolutely.
Absolutely, it has to be an even
kind of thing because in that
sense, for example, it was like
an Internet advertising and
slash kind of like a magazine as
well, you know, a news about
the, the entree.
So for example, in that case we
would give a lot of disability
to them because they would have
like famous DJs go in there and
so on.
Then we would make articles
about it.
So it was like a like an equal
kind of relationship that we
would have done anyway because,
you know, they were like the the
coolest DJs coming to Rome and,
you know, we would have had to
write about them anyway.
But this way at least we could
say that it was a client.
This is the the crucial thing.
And what you raised there about
the bartenders is very
interesting because it's also
the fact that where do you draw
the line about, you know,
working with brands as a
bartender?
Because there is all this thing
about, you know, brand
ambassadors and bartenders being
ambassadors, so to say.
But then nowadays in Instagram
age, so you see some bartenders
having, you know, everyday a
different brand on their page,
you know, And then it's like,
OK, like is it?
And I'm not judging it, but it's
just like it's interesting for
me as a phenomenon that.
You're judging it and it's OK.
I'm not judging in the sense
that, you know, if you have a
strategy around it, it's fine.
But then if you're just doing it
for the sake of like maximizing
your chances, it's like going
into a bar and chatting up all
the possible people at that bar.
You basically end up being, you
know, like the guy that is
trying on on every girl at the
bar.
What you're saying right now is
really what hopefully people can
get out of these conversations
is that if you're going to every
week have another brand
presented on your Instagram, on
your Facebook, on your this
under that TikTok, how about
purpose?
Because where I think it's
negative is when people do that
because brand X will fly you out
to Mexico, will fly you out to
Kentucky, will fly you out to
Italy, will fly you out to here
or there.
You're always the product.
The bartender is the product for
the big brand, brand.
So what we should doing and what
I try to do is train the
bartender to say you are the
important one.
Make sure you get something out
of this.
Make sure that in your context,
you're the goer restaurants or
the club because he's getting
something out of your
relationship.
But the bartender gets nothing
but a free trip.
Little some accolades.
They get to come back and say I
just took this great trip.
Then they go back on the bar to
make the 250 bucks and they live
in their apartments while the
brands makes a billion dollars.
How do we help the bartender
become more than the products
for the big brands, which is
what Industry Spirits is is
hopefully it's training
bartenders to think about the
future and in a way that is
taking.
We can take on big guys if we
simply use our power.
The Mafeo podcast is doing that.
It's training people to think
bigger than just take your trip
to the patrol and Haciendo.
I would say take that trip to
the patrol and Haciendo and part
of the deal is so when they come
back, they have to pay for an
educational seminar for the rest
of your community.
Who wants to come in to learn
about to queue and not run about
patrol, but learn about to queue
or inside the process so they
get better at their job.
That's the part that I like to
see.
In fact, we started a whole
white rainbow business recently
because I want and if my
favorite part down the street is
selling right now at Mystery
Spirits or maybe they don't want
history spirits, they want
something a little higher end.
I just started a business saying
let's make your brand.
Let's make your well be your
brand.
So bar X brand, pocket, bar X
brand gin, bar X brand in rum.
Why not?
Why not?
That's my goal.
And the dream I have is to help
that bar start to make their own
money so they can start to sell
their own product in their
retail stores.
So that's a much larger
discussion of what the effects
of that are.
Yeah.
But I love discussions that get
to the point where you can talk.
Yeah, and all right.
And this is like some thought
that I've been having like for
for a long time about this thing
because there is a trend of bar
owned kind of products.
I I remember I was doing a
training for a bar group in
Milan and by talking to them was
it training about, you know,
brands and how to work with
drinks brands and so on.
And then from the conversation,
it came out that they were
selling loads and loads of a
certain type of gin and then it
was the biggest selling visit.
They were selling wine and then
they were selling this gin, gin
and tonic at the done in a
proper way and so on.
And then I told them I said
like, but that's the brand.
No, that I mean, you are like
Michelin star restaurant.
Does that brand know that you
are doing that?
It's like, no, we don't.
We don't see anybody from them.
There's no agent coming.
There's no brand ambassador
coming.
And I was like, but why are you
doing that?
And then that ignites a
conversation.
And then eventually that owner
that created their own gin.
And when I saw it, it like it
came, there you go.
It came after me.
It wasn't through a clear
conversation with me.
It was like after, but after a
couple of years, I saw that they
had that the gin brand from the
owner.
And then I said like.
Yes.
I was happy about it, you know,
I didn't get anything out of it,
but it was like a like a mental
thing for me.
That's like finally the
training, you know, worked maybe
like months and years after.
Eventually they realize what
they had in in their hands.
That is exactly conversations I
have every day.
Every day I have that
conversation.
That person is a different
thinker.
They for some reason they
decided like most parts that we
were exactly referring to.
Now I'm going to just restate
it.
How I see them is here.
There's a great bar.
They pick a product based on
their quality.
Payoh Club in New York.
When Audrey Saunders picked a
new product, sharp go through
dozens of gins, taste them, have
the people come by and decide
different gins for different
drinks.
So she wouldn't have just one
gin for every gin on her menu.
She would have five different
gins because when she came up
with a new menu, the bar teams
and she would all work together,
figure out which gym works best.
And you could not sell her
anything.
But Peggle Club being with until
it closed from the best part
easily for her best part as an
American.
And she was never able to
monetize how great they were for
herself.
And I love Audrey, good friends
with her.
And I wish that the recognitions
that we're having now, that we
can do it ourselves happened
back then.
Because there should be a Peggle
Club, gym and the big place.
When they decide I'm going to do
it on my own, I don't want the
brands they recognize.
They don't want the brand's
intrusion into their magic, into
their arts.
Bartending and creating drinks
is easily an art.
That's why Michelin started to
give Michelin stars for bars,
because we are creating great
art.
And some big bars, they don't
recognize that.
You get the first step, which
says big brands, leave us alone,
you're not going to use us.
We're going to do a wheat goes
best.
But this next step is, OK, big
bars.
Well, exactly what you're
saying.
That guy's figured out that I'm
selling that much gin.
I'm doing something.
Why am I selling this person's
gin when it's not perfect for
what I'm doing?
Yeah.
And that's where the industry is
at right now, I think because
people are starting to get their
own barrels.
If you go years ago, I helped
the barrel in Kentucky for Cheer
Up Lounge in Portland.
And that barrel was $12,000.
But that we thought that was the
most expensive thing you ever
heard in her lives.
That's barrel right now is Golds
Sport succeeded in $1000.
So it's time for these
conversations to lead to bars
and bar owners and especially
bar managers who often are the
workhorses, the ones that do all
the work.
It's time for them to start
thinking, how can I get
something out of this?
How can I not just be a sideways
to the big brands to make a lot
of money?
Because 10 years later, where
are they?
And even if you have a
successful bar, are you making
up money 10 years later?
10 all the time behind you
Millions of dollars go through
your hands brands making tons of
money on you for what?
And I say to those, but I walk
in a place all I say everyday I
say how can you take advantage
of who you are out just selling
a $9 drink?
What's your next step?
How can we help you and your
step It's.
What is interesting about this
conversation is also the fact
that, you know, it's that the
element of scale with brands
now, because I mean, if we go
back to what we were discussing
before, there is always this
thing about, you know, more,
more, more, more, more.
But in the end, it's not only
about scaling indefinitely.
Now when I talk to brand owners,
you know that it's always like,
how do I scale up?
How do I get to like a hundreds
of thousands of cases now?
But sometimes it's like, but do
you want that?
Maybe you're building a legacy
business.
It's a healthy business that can
feed you and your family for
generations without having a
buyout.
Those people exist.
I've met many of them that they
exist and they just want to have
great brand.
They don't want to make 5000
two, $100 million.
And then there's the other nine
on 10 that say my goal in here
is to build something and create
best well for me and mine.
Do you hopefully if you sell it,
you have a big brand and you
sell it all the people that work
with you to get there get a
chunk of it.
I know there's those people who
want to especially I talked
about other challenges.
That's an important thing.
There's families have done life
untold generations and they
can't imagine selling their
company and when they start
liquor brands, it's the same
eposome.
We're going to build something
for family.
My son or daughters can come in.
We're going to take it over.
Well the the corporation say
we're going to get you 100,200
thousand cases and then we're
going to sell for multiple of 7X
based on gross sales and we're
ready to get to our sale.
We want to sell for 50 a $100
million.
Which one in the end?
Which one in the end?
Chris, I'm asking you if you
could have a brands, beer, wine,
spirits, whatever it is, would
you rather have a brand that you
made good money, you could pass
it on to your to your daughter
or do you want to sell that
brand, stick to 109 Neuros and
then decide what the heck you
want to deal with.
Which one would you choose?
If you could today decide I'm
going to do one of these two,
which one would you choose?
I mean, personally, I will do
the first one to be honest, I
don't want to sound a nice guy,
but I work with so many brands
that reach big, you know, big
scale and then at some point
those brands kind of like fade
away anyway.
So for me, I would much rather
work on on something that
doesn't mean that it stays
niche, but it's working somehow
for the family.
And then it doesn't matter.
Because I've been thinking of
this a lot because reason why I
created Mafia Drinks was that,
you know, my great grandfather
was a whole sitter.
My grandfather was a whole
sitter and.
Then.
The business after 100 years
got, you know, just disappeared.
You know, nobody continued when
I was six years old, my my
grandfather died then nobody
continues.
This is my way of continuing
that legacy.
And sometimes I think about it
and I sell it there.
But my daughter may not want to
do that.
I don't want to fall into the
trap.
Then my daughter must do what I
do.
But then I wouldn't mind if, if
she sells it, then sell it, but
keep it the way with the ethos,
the, the, the legacy and the
approach that it was done for.
And then it, it doesn't matter.
Like, I mean, you can, you can
develop the brand.
And now I'm, I don't want to be
naive and anti corporate or
anything that it depends who,
who you are.
You know, what you want to do.
You know, I, I remember 1 of
this conversation on club.
I was like, I think it was
Allison Park from bread and
whiskey and, and, and she was
talking about like, you know,
the first thing you should
understand is like, what do you
want to do is for, do you want
to do it for the fame or global
domination?
Or do you want to do it for
building a legacy, you know, a
family business that feeds you
and your and your family, You
know, because the, The funny
thing is that sometimes to try
to go faster, you know, I, I
remember my father was, was
always saying this joke.
I don't know if it was a, a real
story from the town or, or if he
made it up, then it was a joke.
But it, there was the priest of
the town in southern Italy and
he had a coach, coachman and on
the, you know, in the carriages
and it, and it was always like
it was starting his journey
saying, coach, man, slow down,
that I'm in a hurry.
If you hurry, you're going to
have an accident, you know, a
wheel, you're going to lose a
wheel on the coach.
And you know, like this.
So like slow down and and for
me, in my experience, when you
do things properly, you go
further.
My mother says why you're racing
to your down.
It's that kind of element that
it's that it's very important to
understand and, and there's no,
I mean, we all different people.
So there's no right thing for
everyone.
I don't know, like what, what,
what would you, what would you
choose in that kind of dilemma?
I've made the choice that I want
to build this brand and sell it.
Part of the reason why the joy
for me is building.
So I want to grow this, sell it.
In the meantime, grow other
brands, start other brands, and
just keep doing that.
Even if I, you know, let's say I
don't know Clue D meter.
What's the chunk of a billion
dollars on Casa Nidos?
Let's say I sold a brain for and
threw out a good #100 million.
I'd like to make $100 million.
I wouldn't go to a beach.
I might come on and see you and
say hi, but I'd come out because
I'm starting something else, you
know, because I, that's what
makes me happy.
That's what wakes me up, and
that's why I want other people
to start detectualizing.
You want to do it because it
makes you happy to think that
your daughter might get a chance
to.
The name will carry on.
And that is the value to you.
And I absolutely love that.
And that is a huge value.
We all have our own reasons to
do it and we're everywhere.
And everyone you talk to, you
will tell you why, what is their
value and what's important to
them.
So to me, it's important growing
things.
To you it's important for a
legacy, and to the next person
they might want to have a brand
that gets them famous.
And, and I think we go back to
the beginning of the
conversation where it, it's
about having a plan, you know,
like I don't, I don't like to do
this like, you know, objectives
and goals and this kind of
thing.
Like it's a gets a little bit
fluffy for me.
But, you know, it's really like
having a clear idea that may
change during the journey.
You know, it could be.
Yeah, yeah.
And it will change.
There's nothing wrong with
changing your mind on things
because the development of
things change, the world
changes, the trends change and
and so on.
Yeah, and life changes.
And then at some point you
realize, OK, like I know that my
daughter doesn't want to do what
I'm doing.
And then I say, you know what,
Like, you know, I get a good
offer and I sell it, and I will
be the one who's selling it.
It doesn't really matter as long
as you do it.
Or a clear plan, so to say, you
know?
I think that's the important
thing we've talked about this
whole thing is to have a clear
plan and the steps to get into a
very clear plan.
And the steps start with being,
in my case, start with work in
the coffee business to get to
all the stuff I'd done.
I'd never imagined I'd be here
to vary no steps.
And that changed throughout the
whole thing.
You've changed throughout your
hog.
Yeah.
I didn't know you did all that
stuff.
That's that's how you died here
today.
Each one of those grooves is
something else interesting.
And at some point to learn, I'm
going to take powers that would
be driven and pushed by the wind
at my back, steal whatever comes
next.
I'm going to choose.
I'm going to spend more time
playing.
And that's where I meant.
Absolutely, absolutely.
I think it's a good wrap up for
this episode.
I want to give you some space to
tell our listeners or where,
where can they find you?
How can they contact you and get
in touch with you?
Absolutely.
I would encourage anyone to
reach out to me.
You can send me an e-mail at
andrew@industryspirits.com.
Industry spirits on Instagram.
I've got yet succeeded in
creating Tik Toks and all that
stuff because same reason that
that it's tough.
It's the next thing I have to
spend my energy where I can, but
I would love to hear from people
they want to think about
starting something that I'm
talking about.
If anything I've said doesn't
sound like just some jerk on
typicating about whatever the
hell he wants to talk about.
I love working with people and
figuring out how they could
start the process.
I just work with somebody to do
a pumpkin rum.
What work?
I don't know.
Will they take it anywhere?
I don't know, but they want to
do a pumpkin flavored rum.
I think it's a it's a great
thing.
So people like to check in the
mystery spirits.com, see what
we're doing.
Feel free to send me a message.
If I'm able to help out 100% I
will because that is the core
job that I have with industry
spirits is besides sell even
vodka, gin and rum and
eventually other stuff is to
work more help them.
If I can't do that, they're not
just lying about everything.
So if you want some help, please
do reach out as much as I can.
Fantastic.
Thanks a lot, Andrew.
It was a it was a great chat.
No, thank you.
Thank you for all the stuff.
You, especially the other
LinkedIn stuff.
I legitimately take notes.
I take notes.
I look down and go, Oh yeah, why
didn't I think of that?
I love that.
So thank you for all you didn't.
Appreciate it, Andrew.
Thanks.
That's all for today's My Third
Drinks podcast.
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