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Funky Buddha Lounge & Brewery
CHRISTIAN GIL, OLIVIA SASS, LOURDES CINTRA & CARL YVAN BELL
What is a Craft
Brewery?
A craft brewery (or microbrewery) is a brewery that produces
a small amount of beer and are independently owned while
using traditional techniques.
https://www.youtube.com/watch?v=BB5jtma_Up8
How It All Began
THE LOUNGE
oFounded in 2007
oBoca Raton, FL
oBegan as a hookah and tea lounge, but sold
local craft beers
oPopularity grew quickly
oSentz had a passion for craft brewing
THE BREWERY
oCreated in 2010
oOakland Park, FL
oStarted off with 5,000 barrels
oBroke the mold with the Maple Bacon Coffee
Porter
oBrewed and sold only in Florida but is known
internationally
Mission & Vision Statement
Funky Buddha Brewery is committed to creating bold craft beers that marry
culinary-inspired ingredients with traditional techniques.
Marketing Mix
Other than the bold flavored, culinary-inspired beer, Funky Buddha offers products and services
as well:
o The Growler
o Customer loyalty programs
o Private or public tours
o Food and beer pairings
o T-shirts and other branded products
Perfecting Their Craft
Funky Buddha Brewery doesn’t have a kitchen to serve food, instead they:
oInvite different food trucks each night
oThey allow guests to bring in any food they wish
oProvide a binder full of nearby restaurants who deliver to their location
This strategy allows them to focus on what they do best
SWOT Analysis
Strengths
oAtmosphere
oCulinary-inspired flavors
oLoyalty Programs
oCategories and rotation of beers
Weaknesses
oNo food sales
oWebsite doesn’t advertise the services
provided by staff
Opportunities
oExpansion
oTampa, FL
oDistribution
oFlagship beers sold in 25 Pubix
Supermarkets in Florida
oEntertainment Events
Threats
oInternal
oGrowlers
oHookah Aroma
oExternal
oStability of their competitors
Target Segments
Geographic Segmentation
o Located in Oakland Park, FL
Demographic Segmentation
o Young adults to mid-30s
o Focuses on different groups of people from
couples to coworkers
Target Segments
Psychographic Segmentation
o A more laid back person
o Someone who is interested in different
kinds of art
Behavioral Segmentation
o Aims for groups of people who are
interested and knowledgeable in craft
brewing
Psychographic Segmentation
o A more laid back person
o Someone who is interested in different
kinds of art
Behavioral Segmentation
o Aims for groups of people who are
interested and knowledgeable in craft
brewing
Target Marketing Strategies
oCraft Brewing is new to Florida
oCustomers looking for something more than
traditional mass marketed beer
oTastings in the tap room
oBlock Parties
Suggestions for Improvements
oAdvertising
oExpansion more into southern Florida
oSelling into neighboring states
Where They Stand Today
oWith only the release of the Maple Bacon
Coffee Porter, Funky Buddha is known
internationally and is considered to be among
the top 100 breweries in the world
oTheir brand grew tremendously in size and
customer base over the past five short years
oAccomplished to generate $3 million to
expand their brewing capacity from 5,000 to
16,000
oHave a goal to max out at 40,000 barrels
annually
Reference
Florida's Funky Buddha Brewery announces expansion plans. (2013, April 12). Retrieved March 19, 2015, from
http://www.craftbrewingbusiness.com/news/floridas-funky-buddha-brewery-announces-expansion-plans/
"Food Truck Calendar." Food Truck Calendar. Web. 20 Mar. 2015. <https://funkybuddhabrewery.com/brewery/food-truck-calendar>.
Funky Buddha Announces Expansion, Aims to Increase Brewing Capacity by Eightfold. (2014, May 7). Retrieved March 19, 2015, from
http://www.browardpalmbeach.com/restaurants/funky-buddha-announces-expansion-aims-to-increase-brewing-capacity-by-eightfold-6905777
Funky Buddha Brewery to launch distribution in Tampa and Florida's West Coast. (2015, March 22). Retrieved March 23, 2015, from
http://beerpulse.com/2015/03/funky-buddha-brewery-to-launch-distribution-in-tampa-and-floridas-west-coast-3600/
What Is the Market for Microbrewery Beers? (n.d.). Retrieved March 20, 2015, from http://yourbusiness.azcentral.com/market-microbrewery-beers-21053.html

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Funky Buddha Lounge & Brewery - Final Draft

  • 1. Funky Buddha Lounge & Brewery CHRISTIAN GIL, OLIVIA SASS, LOURDES CINTRA & CARL YVAN BELL
  • 2. What is a Craft Brewery? A craft brewery (or microbrewery) is a brewery that produces a small amount of beer and are independently owned while using traditional techniques. https://www.youtube.com/watch?v=BB5jtma_Up8
  • 3. How It All Began THE LOUNGE oFounded in 2007 oBoca Raton, FL oBegan as a hookah and tea lounge, but sold local craft beers oPopularity grew quickly oSentz had a passion for craft brewing THE BREWERY oCreated in 2010 oOakland Park, FL oStarted off with 5,000 barrels oBroke the mold with the Maple Bacon Coffee Porter oBrewed and sold only in Florida but is known internationally
  • 4. Mission & Vision Statement Funky Buddha Brewery is committed to creating bold craft beers that marry culinary-inspired ingredients with traditional techniques.
  • 5. Marketing Mix Other than the bold flavored, culinary-inspired beer, Funky Buddha offers products and services as well: o The Growler o Customer loyalty programs o Private or public tours o Food and beer pairings o T-shirts and other branded products
  • 6. Perfecting Their Craft Funky Buddha Brewery doesn’t have a kitchen to serve food, instead they: oInvite different food trucks each night oThey allow guests to bring in any food they wish oProvide a binder full of nearby restaurants who deliver to their location This strategy allows them to focus on what they do best
  • 7. SWOT Analysis Strengths oAtmosphere oCulinary-inspired flavors oLoyalty Programs oCategories and rotation of beers Weaknesses oNo food sales oWebsite doesn’t advertise the services provided by staff Opportunities oExpansion oTampa, FL oDistribution oFlagship beers sold in 25 Pubix Supermarkets in Florida oEntertainment Events Threats oInternal oGrowlers oHookah Aroma oExternal oStability of their competitors
  • 8. Target Segments Geographic Segmentation o Located in Oakland Park, FL Demographic Segmentation o Young adults to mid-30s o Focuses on different groups of people from couples to coworkers
  • 9. Target Segments Psychographic Segmentation o A more laid back person o Someone who is interested in different kinds of art Behavioral Segmentation o Aims for groups of people who are interested and knowledgeable in craft brewing Psychographic Segmentation o A more laid back person o Someone who is interested in different kinds of art Behavioral Segmentation o Aims for groups of people who are interested and knowledgeable in craft brewing
  • 10. Target Marketing Strategies oCraft Brewing is new to Florida oCustomers looking for something more than traditional mass marketed beer oTastings in the tap room oBlock Parties
  • 11. Suggestions for Improvements oAdvertising oExpansion more into southern Florida oSelling into neighboring states
  • 12. Where They Stand Today oWith only the release of the Maple Bacon Coffee Porter, Funky Buddha is known internationally and is considered to be among the top 100 breweries in the world oTheir brand grew tremendously in size and customer base over the past five short years oAccomplished to generate $3 million to expand their brewing capacity from 5,000 to 16,000 oHave a goal to max out at 40,000 barrels annually
  • 13. Reference Florida's Funky Buddha Brewery announces expansion plans. (2013, April 12). Retrieved March 19, 2015, from http://www.craftbrewingbusiness.com/news/floridas-funky-buddha-brewery-announces-expansion-plans/ "Food Truck Calendar." Food Truck Calendar. Web. 20 Mar. 2015. <https://funkybuddhabrewery.com/brewery/food-truck-calendar>. Funky Buddha Announces Expansion, Aims to Increase Brewing Capacity by Eightfold. (2014, May 7). Retrieved March 19, 2015, from http://www.browardpalmbeach.com/restaurants/funky-buddha-announces-expansion-aims-to-increase-brewing-capacity-by-eightfold-6905777 Funky Buddha Brewery to launch distribution in Tampa and Florida's West Coast. (2015, March 22). Retrieved March 23, 2015, from http://beerpulse.com/2015/03/funky-buddha-brewery-to-launch-distribution-in-tampa-and-floridas-west-coast-3600/ What Is the Market for Microbrewery Beers? (n.d.). Retrieved March 20, 2015, from http://yourbusiness.azcentral.com/market-microbrewery-beers-21053.html