Distillery Pro Forma
Consumer Excel Template (Free Download)
Project channel volumes, maturing inventory, spirits revenue, excise duty, cash generation, and intrinsic value for a craft distillery.
professionals from Deloitte
About this pro forma
The full Excel model rolls case volumes across wholesale, distributor, tasting-room, direct-to-consumer, and export channels, then adds contract and bulk-distilling revenue. A barrel-maturation roll-forward tracks spirit filled, dumped, and held in cask, while excise duty is charged per case removed from bond.
The pro forma isolates the maturing-stock build in the unlevered free-cash-flow bridge before discounting to enterprise value, equity value, and value per share. Founders, private-equity associates, lenders, and spirits investors can assess inventory cover, margin, and valuation together.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Distillery Pro Forma
- Seven-year case-volume and channel revenue projection
- Barrel fill, dump, closing stock, and inventory-cover outputs
- Contract and bulk-distilling revenue contribution
- Per-case excise duty and margin-driven P&L
- Maturing-stock build isolated in free cash flow
- DCF enterprise value, equity value, and value per share
- Channel, pricing, and inventory-cover sensitivities
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
Why is barrel maturation central to the output?+
Spirit is funded years before sale, so barrels filled less barrels dumped create a visible working-capital and cash-flow drag.
How is excise duty calculated?+
Duty is charged per case removed from bond, so the expense follows bottled volume rather than revenue price.
What does inventory cover show?+
Closing maturing barrels divided by annual dumping shows the years of aged stock available for future sales.
Who uses this pro forma?+
Distillery founders, spirits investors, lenders, and acquisition teams use it for capacity and valuation decisions.
Have more financial modelling questions? Contact us
Related pro formas
Brewery Pro Forma
Craft brewery financial projections with production and distribution.
Farm Pro Forma
Agricultural business model with crop yields, commodity pricing, operating costs, and profitability.
Food Manufacturing Pro Forma
Operating model for food production and processing businesses with ingredient sourcing, production scheduling, and margin analysis.
Restaurant Pro Forma
Single-unit operating metrics, cost of goods sold, labor, rent, and multi-unit chain economics.
