Can someone explain the bond thing so I actually fully get it? When I try and explain it to other people it sounds like a sort of insurance policy.
If I went to a bank and told them I have a warehouse, I'm going to brew beer and ask them to bond it for me. Is it essentially a loan? If they bond it for €100k would it be treated like a loan that I have to pay off with interest?
Same goes with a brewpub. If I bought a pub and decided to brew my own beer, I need a bond so how exactly does it work?
It seems to be the confusing thing to me. How much of a stumbling block is the bond?
Is it the biggest deterrent to setting up a brewery or brewpub?