Mushroom Business: Crunching the Numbers on net PROFIT %

[@amyf5240]

Because you are a C.F.P. I am trusting your judgement and as a newbie you are clearly kicking ass with your growth this year! Sharing with those of us wanting to start our own farms is awesome, and greatly appreciated!

[@pds002]

That was a super response to the erroneous judgement of your business experience. Excellent information, too. Thank you. I'll be looking at more of your videos now.

[@themyceliumnetwork]

been searching up mushroom info for almost a year & this video popped up today, no idea why youtube skipped out on showing me your channel for many months, I'm feeling like I have missed out on some realistic info. going to make my way through your video library. Thanks !!

[@thomasmurray5108]

The person who criticized you clearly did so out of spite, or to generate a reaction. You are an inspiration to anyone who grows anything--not just mushrooms. I grow microgreens. But I appreciate your insight in business and your acumen as a grower. I've always been fascinated by mycology. It's a very difficult thing. So I appreciate anyone who is successful like you at doing it. Godbless.

[@Deborah1111able]

I am so inspired!!! I think I can do this!! Single 52 year old woman here with a large shop. Thank you so much. Will spend the day watching your videos.

[@zacbarbour5235]

Great info! Love your videos! Working on starting my own mushroom business in my garage. Great to have the motivational proof like you that this business can succeed. Seeing you go from tents in the house like I’m doing as well to this warehouse is amazing! And to be able to humble myself about Profit:cost percentages because of your info is invaluable. Thank you!

[@bethanyvenooker5349]

This information is exactly what I was looking for. As a business owner who wants to transition into mushroom cultivation, these are the numbers I was most curious about. Thank you, Jewell!

[@shaune837]

Thank you for posting Jewell - ignore the haters. All they know how to do is criticize, bully and tear down what hard working folks like yourself have created. I personally appreciate all the great information you have provided on your channel. Best of all it's provided free when you could monetize the training you have provided or write a book for another income stream - I'd pay $ for a couple of days of hands on training at your operation - you'd even get free labor out of it! Thanks again for the hard work and providing your experience and information with the world.

[@ralfh.5031]

Hey, thanks for sharing! What happened to your web presence/fungi farm?

[@pissonpissgoneshorts5770]

Love how you did what you are good at, the numbers, love this video totally, appreciate it, and your team's hard work.

[@derekbarrett6154]

I have to say that I am really enjoying your videos and your enthusiasm. I have not gone through all your videos yet but I will and look forward to it. Two things I have not heard you bring up yet as far as running your own business is insurance and incorporating to protect yourself and your families assets. Good luck and keep making these videos.

[@cullsans]

This video is so incredibly helpful! Thank you for letting us in on some of the details of your business, its so easy to understand when you are talking about real figures.

[@warcraftatemybaby]

I’m only in the experimental stage. I wanted to try making my own spawn and then it would be a modular hobby. I inoculated my own seed (safflower) with lions mane spores. Things are looking really good so far. They’ll be 3 weeks old this Saturday. I ordered my first bulk substrate bags and I’m going to make my sawdust blocks this weekend. Love your videos. Wish me luck!

[@tybrady1935]

Subscribed! Thank you for the numbers! Good to see it is profitable on a small industrial scale. I'm thinking of growing mushrooms on a micro scale for fun since I have extra unused basement space. Maybe after I know what I'm doing, I could sell to a few to local restaurants.

[@unbelievablepolitics1598]

Somehow I found this channel and this is very interesting. I came from an investment background and I am about to start my own business so your channel is very exciting to found. Good luck and I olan on watching all your videos

[@drobgyn5615]

I appreciate this video. Would love to invest in your business! Would love a 3yr update.

[@lorddemon2008]

Love this. Never seen a video where someone breaks down there finances and thought processes for their business. I've always been pretty good with money and business focused so I get what you are saying. I don't have the experience so I'm sure I would miss alot, but it is good to hear your thought process. Eventually want to be an entrepreneur of my own and this helps with confidence as much as understanding.

[@ranradd]

Thanks for your background. Respect! Thanks for running all your numbers for us. As an ex business consultant, the numbers are totally important and can't be ignored. Another consideration is the population base one is selling into. I live in an area with a population of about 30,000 people. I'm in the considering stage of starting a mushroom business. So I'm thinking starting a small part time thing at first. To get to your numbers, I would have to move to larger city for sure. Subscribed due to this video. Thanks for sharing.

[@davidfricker3258]

I was sorry to hear about your composting problems. Here in the Pacific Northwest the spent blocks can be a small profit center. Landscape suppliers specifically advertise mushroom compost, and the same take for free all the yard and tree waste one can bring (within reason). To have pay for disposal is disheartening. Good luck.

[@thunderboltfarm7099]

Thank you very much for the information and sharing; I really appreciate your efforts. Interesting that I was reading up on net profit percentage goals a few weeks ago. Great timing! If I recall correctly, you gave your cost for fuel pellets and soybean hulls in your last video, which seemed a bit high. At my location I can buy hardwood fuel pellets and pelletized soybean hulls for $200 and $220 per ton, respectively ($4.40 and $3.99 per 40 lb). In the future you may want to consider looking into the cost of getting setup to buy and handle your substrate in bulk to increase your net profit. If the material flow is setup properly, you may save on time and labor as well.

[@JewellsGardens]

Thunderbolt Farm so are yours bagged or are they going in a silo? I’m at lunch now and can’t remember the exact breakdown although I know it’s $12 total for 40lbs of each. I get a pallet delivered. There’s only one place in my area that sells soy Hull so I’m stuck with that price which takes up most of that $12 ☹️

[@thunderboltfarm7099]

$12 for both the fuel pellets and soybean hulls makes sense and is a similar price. To start with, I will be using a blower system to move the substrate from a bin on the floor to my mixer using 40 lb bags. In the future, I plan on designing a silo system using augers to move the substrate directly into the mixer.

[@JewellsGardens]

Thunderbolt Farm sounds cool! You know I’m not at all handy like that but it sounds like a plan! My buddy has a silo and has an auger to move it into buckets, then hand dumps in the mixer just because they’re not in the same location

[@rickromo2985]

Keep posting... no need to respond to trolls tho. Love ur positivity

[@conrankule7462]

Awesome to see this sista got a way with magic numbers and a promising business model - would had loved to have a three part video on this -Awesome work J .This is a good hair day -CK London

[@davidsphone8449]

Thank you! It is great to learn real numbers. I hope you share your end of year financial statements... I get that is likely to personal, but you could use a random multiplier on all your actuals, so we would not know your real financials but the percentages and volumes would be real. I am coming from a place to be helpful, if you paid someone else to do the work you do, what would be the profit? What volume will you need to afford a sales person? How large would you let this business grow to? What is your exit strategy? *Maholo*

[@samlee8690]

Highest form of financial advisor is CPA right?

[@gregslade4371]

Interesting breakdown I am also figuring out how to spawn on grain at the moment, ordered a lot of samples online of various different mushroom types on grain spawn and dowels I think some were contaminated, either that or my sterile technique was rubbish, could be either, instead of ordering samples of spawn on grain to begin with I should have ordered the agar plates samples, much easier to see if its a good sample or not to start with so you can eliminate that as a cause of contamination.

[@JewellsGardens]

May want to consider buying grain spawn for the time being until you get lab work fully worked out. Definitely need to have good flow hoods & filters when making your own spawn just for starters!

[@KatherinePotter-ui1tx]

Hi Jewell, can you put your spreadsheet here without your numbers of course, I have been trying to figure out how to make a spreadsheet to figure my income and expenses.

[@leafoftheeast1193]

Great video! One of your best yet. Thanks for the info on the business side.

[@TripleDDDD]

How many workhours you put in for the expected 300lbs ?

[@satilsatil4517]

Hi, thanks for all the enlightenment. Please is it must to have a greenhouse for fruiting?

[@JewellsGardens]

Thanks:) . Yes, you need some kind of enclosed environment where you can control the temperature, airflow & humidity as well as keeping the spores contained

[@jameswoullard3829]

where do i start in my situation? What is the beginning point? How can i get a sheet to put in numbers where I am? What should I be looking at to go forward? If I start a spreadsheet today, what categories should it have? I do understand that everything I spend goes in a category. My question is what are the beginning categories?

[@JewellsGardens]

I’m so sorry I don’t do mentoring anymore since I’m out of the business but reach out to Eric at Myers Mushrooms

[@joslinnick]

49% net profit is pretty incredible for businesses that are labor intensive and require lots of physical inputs.

[@joslinnick]

@Stephanie Hughes Narc

[@MountBaldyBrewing]

Rock it girl! I love your videos. I have been working my way through your videos trying to learn and grow from them. Keep up the good work! Mush love!

[@ernestoaranda717]

When you say loan costs, do you mean a loan for your mushroom business? Do lenders know the possibilities of growing mushrooms as a business, or do I need to put something together that would demonstrate the business and convince them?

[@weldmaster80]

Yes, you are easy on the eyes, but more importantly I enjoy all the information you share with us. I think sometimes people mistake enthusiasm for inexperience, you know every spring when new goats are born, I'm still giddy as a schoolgirl, and it's been like 15 years.

[@Laotzsa]

Thanks love. I called a few farms and all their information was “proprietary” sadly; which tell me those farms are out for profit not spreading the knowledge and Love

[@jameswoullard3829]

please explain to me what I should account and how...thx

[@chasidymichell3534]

Do you soak your blocks after 1st flush for a second flush

[@brettlatulip67]

Just the inspiration I needed. Can't wait to get up and running. Thanks!😀

[@sembat7852]

did you do it?

[@brettlatulip67]

@@sembat7852 I have my first petri dishes of lions mane, enoki, and a ganoderma going now.🤓

[@jonr7364]

how are you doing $8 a pound for specialty mushrooms at that volume? USDA wholesale hovers at around 3 bucks a pound pretty consistently. What does your buyer composition look like to be fetching those prices?

[@jaydoneit2]

Direct sales to restaurants and whatnot. Those USDA prices are when you wholesale to produce distributors in massive amounts.

[@lololollaughatlife1431]

Thank you for posting this video.

[@lucienmanuel9814]

I definately see where boo is coming from with the eye candy, but you talk so much sense that it almost overshadows the looks...😜. But on a serious note, you have inspired me so many times. I am a follower from Mush farmer to Myers Mushrooms and Earth Angel Mushrooms and all of you have planted a seed that is almost incomprehensible! We live and admire your journey! I am excited everytime there is new notification from any of you, although Eric is bit too technical fot me some days...😉. Keep up sharing and we keep on following. Thank you Jewel.

[@JewellsGardens]

makes me feel good i appreciate it:)

[@Hailey26864]

Could you do a video on you harvesting, storing, and preparing the shrooms for delivery for us newbies?

[@JewellsGardens]

Hailey Hoaglund definitely! Figures I had a big harvest yesterday but I’ll get that done soon for you 😉

[@highflyer1959]

Great vid Jewell! Good to see you back and active again. Will fire off an e-mail to your Serenity e-mail...do you still use it?

[@JewellsGardens]

highflyer1959 yup! I have a million emails it’s annoying

[@JewellsGardens]

highflyer1959 I mean email accounts, not annoying emails (although I do get some annoying ass emails) 😂

[@sholaoduguwa9259]

Do you run an attachment program for learners?

[@JewellsGardens]

No I’m sorry I don’t I’m actually not in the business anymore

[@JoseGarcia-uo5qz]

Why don't you get solar panels to lower your electric bill

[@adempc]

Thanks.

[@tylert990]

hey great video how do you find your chef customers

[@Elfunko99x]

Wow, excellent video and very impressive! Labor cost question: around what hourly wage do the employees get? I think you diagrammed the mean hourly per week, just trying to figure out how it fits into the monthly expenses number. Anyway, thanks for posting and explaining, it was sobering to say the least lol. Liked and subbed B)

[@austinwismer6844]

What are your distribution channel mix?

[@JewellsGardens]

Now I'm 100% chefs. I tried farmers markets but the only ones I could get in weren't very good for mushrooms & I didn't care to be standing around for hours personally

[@jamescurrie5835]

I have questions do you have a email I can ask you questions about selling mushrooms prices?

[@armenjan12]

In LA i buy oyster mushrooms from Whole foods at $6.99 a lb. smaller stores retail at $4.99 a lb. please explain how can you wholesale at $8-$9-$10 a lb? Is it another verity?

[@visit402]

Armen Manukyan where in LA. In the IE I find oysters going for 15$-20$ at stores like Ralph’s or sprouts

[@visit402]

Are you Armenian

[@armenjan12]

Fungi and I Shine i am Armenian. I will check prices one more time

[@armenjan12]

Fungi and I Shine today i was at Whole foods in Glendale. $6.99 a pound ( not half pound) i took a picture. Another armenian store $4.99 a lb

[@visit402]

Armen Manukyan the mushrooms at my stores are from 6 hours away north. I’ll have to check an Armenian store because that is a lot of mushrooms

[@whatthefungus]

How many restaurants you selling too? Enjoyed the video.

[@ashtongrist]

Whats your yeild per m2 over time?

[@MrMrTibbers]

you did a great personal reference! I respect your achievements!

[@talktoricardo1969]

Subscribed!

[@9piecewood]

How much spawn do you use for 10lb bags?

[@JewellsGardens]

9piecewood one cup:)

[@9piecewood]

Wow! I guess I've been wasting a lot :/

[@JewellsGardens]

9piecewood oops! Well if it makes you feel better I do 2 cups if I happen to have extra spawn on hand so it doesn’t go to waste

[@amendfuse4276]

Absolutely amazing!

[@Botclose40]

Those who disliked the video must be Poisonous Mushrooms LOL

[@johnharrison9954]

...or, they were pissed off that she closed down her business.

[@robertsmith2199]

Why did she close down?

[@MyersMushroomsFarms]

Replace a filter on at least one of your hoods if your going to make spawn. So you have a fresh filter to do the agar work and transfer.

[@JewellsGardens]

agreed. i wish i had bought the filters with the good price you sent me the link for:) . i'll be doing more grain to grain to start though

[@MyersMushroomsFarms]

Yea when i shared it with you and brad it was like $190 shipped. That listing was a special request from me to the seller. Since then he has re listed them in volume but at $279. I try to keep an updated ebay listing on my lab supplies kit and there is one currently listed if you want one, I wouldn't mess around with spawn especially on a scale of yours without having a new filter. Also work really slow when doing spawn, when in doubt throw it out. If you handle a plate or bag wrong just toss it aside, boo hoo $1 in bag and grains wasted, better than $500 in mushrooms lost. kit.com/MyersMushrooms/flowhood-and-lab-supplies

[@neil9383]

When you figure 1.5 lbs ... are you talking about only the first flush?

[@JewellsGardens]

Neil yes sir! Like I said, I try to lowball my numbers (1.5 vs 2, 1 flush vs 2, $9 vs $10 even though most is at $10)

[@oLoGoS]

your vids are great. and while i get this is an old video, i think you are putting yourself in a box when you say things like, "i cant change how much rent i pay or how much electricity i pay". in fact, it's coming up with creative solutions for these issues that will really take your business into another level.

[@monicadf383]

Hi, like your videos here from Spain! I am NEW

[@melantheoszimurri9981]

Mushroom bae is back

[@xj11w2c7]

So it's hard watching these videos post pandemic. It just shows you that business is always risky no matter how carefully you plan it out. I also understand there was some drama with your landlord that you couldn't have foreseen. It makes me really afraid to try to make money farming mushrooms.

[@jameswoullard3829]

I found it..."crunching the numbers"... thx

[@ajthegardener]

Very useful

[@mrcharming5053]

Well impressed 👏

[@mrcharming5053]

350lb a week.. Wow.. How much space is required please?

[@Hailey26864]

Are you looking to lease your space long-term?

[@acpatriot2347]

I started growing last fall on straw switched to sawdust thanks to Eric. Tr and Jewell ,, thanks to all

[@JewellsGardens]

it had to be 3 years but if i want to expand to a larger space within the property management company i can without penalty

[@MyersMushroomsFarms]

except having to build it all over lol!! If anything try to rent another unit in the building and build more fruiting and incubation only.

[@JewellsGardens]

Myers Mushrooms Farms true dat, this thing sucked and I really don’t want to do it again. Ever. 😂

[@patrickdelaney529]

He who knows, does not speak. He who speaks, does not know. - Lao Tzu, Tao Te Ching

[@rthj6446]

Those prices though. 2.2 pounds would be 1kg. And we are looking at roughly 5 to 10 dollars per kilo in my area.

[@omendez2121]

How much do you pay your workers an hour? Thank you.

[@tylert990]

Omar Mendez you pay them what thier worth if they have no experience minimum wage

[@joelegrand5903]

That guy is right about easy on the eyes, but why would he say that to someone he has never met? Your numbers were boring, but I watch the whole video & even spot watch parts to make sure I got it. It was the numbers quoting, not you that was boring, but the information was sound. Thanks.

[@Laotzsa]

Your negative at 200 pounds at 8 dollars? $1600 a month and your still negative? How much you spend on your business a month? Over $1600 sounds intense; besides electricity and grain for spawn / sawdust block materials, what else could you be spending on? Water? Rent? I guess if your accounting for rent... Just sounds like a lot to run something that has seemingly low overhead costs

[@pedropete52]

i hear Opeth in the background :)

[@robertjones7023]

That comment guy is an A hole. You clearly know your numbers. I am currently trying to grow Portobello's, previously have grown Oysters for fun.

[@brianking3739]

Has Covid-19 affected your mushroom growing business?

[@JewellsGardens]

I’m not in business anymore but not from Covid 😉

[@Ziriao]

@@JewellsGardens why aren't you in the business anymore? If you don't mind me asking

[@tims.440]

@@JewellsGardens why did you close shop?

[@311dragonstar]

@ 7:00 , I would be very scared your maths is up the shita ....

[@AD-rx8wc]

Thanks Jewell

[@nattireds]

Can we go on a date? I’m a fungi!!

[@nattireds]

You’re great and I respect you. Hopefully you get a smile out of my joke. Keep on trucking and thanks for your time

[@Aaron_1987]

Relax mrs crp

[@AaronAlso]

Honestly, if you aren't all in on this thing, if you don't have the passion for mycology and mushroom cultivation, if you aren't isolating your own mono cultures from spore and fruiting them out, don't even bother getting into the business. You will drown yourself in numbers like this poor lady has and will have no passion or motivation to push you to innovate.

[@Sammy213]

this hurts my head, I'm gonna be poor forever. 😅

[@adegboyegaogundiran8679]

Why did you say that!

[@aupeshmaurya7298]

mam please come to the point as soon as possible.

[@mario6563]

fuckin fungi

[@monicadf383]

Exactly no busines backround.. !!

[@Towardrisk]

Slap n' tickle...

[@3dp_edc]

The mushrooms im used to go for $1400 a pound not $10 ahahah

[@AH-mj1rd]

Fucky fungi ????!!!!!

[@guyharris9646]

to many words get to the point.

[@haydenbn]

Get solar.....

[@JewellsGardens]

i wish!

[@haydenbn]

Jewell's Funky Fungi Nah you should. 90% of electricity used during the day!!!!!

[@JewellsGardens]

haychee lame i tried for my house but I’m out in the sticks with lots of trees. I don’t own my building and they would never approve that plus I’m kind of half underground

[@ashtongrist]

I stopped listening btw at minute 3.

[@glenn6704]

Im calling you on your cell phone because i need your love 😉😘

[@robertk1129]

Lmao I'm a CFP and know what I'm talking about when it comes to numbers well 3x4=12 so $10.00 a pound at 300 pounds a week Is $12,000 a month in sales not $13,000.

[@rmaynv9458]

Don't be so smug as you got this completely wrong yourself. There are 52/12 = 4.333 weeks in a month, not 4 weeks. So $10/lb at 300 lbs/week is $3,000/week, times 4.333 weeks per month = $13,000 per month in sales. She is correct.

[@visit402]

@robert k where you at???