Beverages Business

How Much Money Do Beverages Businesses Make? (2024)

Pat Walls

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Updated: June 23rd, 2024

TL;DR:

Based on our data, beverages businesses can make between $500-$12,000,000 per month.
The average revenue for a successful beverages business is $1.79M per month.
The highest grossing beverages business in our records makes over $144,000,000 per year.
Beverages business owners salaries can vary wildly depending on industry, niche, and size of the business

So you're thinking about starting a beverages business?

And now you're wondering how much beverages business owners actually make...

Well, let’s dive in!

Here are example of real beverages businesses and how much money they make - as reported by the founders themselves:

1. BrüMate ($144M/year)

Dylan Jacob, founder of BruMate, came up with the idea for his unique insulated drinkware brand after a frustrating search for a koozie that worked with his can of choice.
He launched his first product line in November 2016 and has since experienced impressive growth (with over $1.1 million in monthly sales)
Jacob's ability to pivot and adapt his business strategy has been key to his success.

How much money it makes: $144M/year

2. BeatBox Beverages ($132M/year)

Justin Fenchel, co-founder and CEO of BeatBox Beverages, came up with the idea to create a party version of boxed wine with his friend Brad Schultz. They noticed the popularity of boxed wine like Franzia, but realized people weren't buying it for the taste, but for the affordability and convenience. Inspired by flavored malt beverages, they decided to create a fun flavored version of boxed wine for millennials. After testing their product at parties and receiving positive feedback, they knew they were onto something. With no prior alcohol industry experience, they navigated the complex laws and manufacturing process to bring their unique product to market. Since launching, they have grown their sales to $2.4 million in 2018 and hit $2 million in revenue in 2019.

How much money it makes: $132M/year

3. Plum Deluxe Tea ($900K/year)

Andy Hayes, the founder of Plum Deluxe, started off with a blog and a desire for a more fulfilling career. After generating traffic and revenue through display ads and affiliate relationships, Andy decided to launch his own product. Drawing on his love for tea and missing the flavors from Europe, he partnered with a tea farmer's market booth to create unique tea blends. Through launching his business with a built-in market and strategic marketing efforts, Plum Deluxe has grown to become one of the largest tea subscription boxes, on track to hit 7-figure annual revenue.

How much money it makes: $900K/year

4. Bodega Bay Hard Seltzer ($696K/year)

Charlie Markland, the founder of Bodega Bay hard seltzer, came up with the idea for his business after realizing that the dominant consumer trends of convenience and wellness were not being met by the current alcoholic offerings in the market. He discovered hard seltzer while on a surf trip to Bodega Bay in California and decided to bring the concept back to the UK, creating a low-calorie, low-sugar sparkling water-based alcoholic drink. After testing the product at music festivals and seeing its popularity, Markland knew he had a winning idea, and Bodega Bay is now the premium hard seltzer in the UK, making over $50,000 a month after just 18 months in business.

How much money it makes: $696K/year

5. Eli Mason ($540K/year)

Christopher bought this business from the original founder in 2017 after he fell in love with their products at local bottle shops. He was struggling to make a good cocktail on his own, and this was the first one his wife also loved!

How much money it makes: $540K/year

6. Simple Green Smoothies ($360K/year)

Jen Hansard, the co-founder of Simple Green Smoothies, came up with the idea when she stumbled upon an article about boosting the immune system with green smoothies. After experiencing the health benefits firsthand, she started sharing recipes on Instagram and her blog, which eventually turned into a successful business generating as much as $30,000 a month in revenue.

How much money it makes: $360K/year

7. Brine Brothers ($120K/year)

Harris Derner came up with the idea for Brine Brothers when he realized that drinking pickle juice cured his hangovers in 2015. Unable to find a drinkable pickle brine on the market, Harris and his friend Michael Belicose decided to start their own business. With a total investment of $11,000 in 2016, they now generate over $10,000 per month and have recently won an investment from Barstool and Jon Taffer, determined to make Brine Brothers a million-dollar beverage company.

How much money it makes: $120K/year

8. VIRTUE Tea ($108K/year)

Andrea Legg and Alex Balcer, founders of VIRTUE Tea, left their careers in the circus industry to start their organic tea and matcha business. After experiencing high-grade tea while traveling in Europe, Andrea became hooked and they decided to create a business focused on quality, ethical sourcing, and minimizing environmental impact. Despite the challenges of COVID-19, their online sales have tripled and they have expanded their reach to customers across Canada and the US.

How much money it makes: $108K/year

9. Jibby Coffee ($102K/year)

James and Álvaro, the founders of Jibby Coffee, came up with the idea for their business during a Zoom call in March 2020. Álvaro mentioned adding CBD to his coffee to improve his mood, and that sparked the idea to create a coffee brand that balanced the natural jitters of caffeine with CBD. After months of refining their product and working through production challenges, they successfully launched Jibby Coffee and sold out of their initial production run in just two weeks. They continue to receive feedback from customers, refine their messaging, and plan to expand their product offerings in the future.

How much money it makes: $102K/year

10. Simple Goodness Sisters ($84K/year)

Belinda and Venise, the Simple Goodness Sisters, came up with the idea for their business while running a mobile bar company. Clients constantly asked how to recreate the fresh, farm-fresh drinks served at their events, leading them to develop their own small-batch, homemade mixers made with ingredients from Venise's farm. After much research and hard work, they launched their farm-to-bar mixers and accessories in Fall 2018, with their products gaining popularity in the cocktail and alcohol-free cocktail scene.

How much money it makes: $84K/year