http://utahbeer.blogspot.com/2010/06/brewery-for-sale.html
Maybe if we all chipped in we could buy it.
Count me in for a couple hundred.
Maybe if we all chipped in we could buy it.
Count me in for a couple hundred.
Brewery for sale.
- Thread starter maxamuus
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I'm in for a couple hundred but we have to move it to Dallas. Who the hell wants to live in Utah!?
carnevoodoo
Well-Known Member
With all the restrictions on beer in Utah, no thanks.
Who the hell wants to live in Utah!?
Utah is a great state to live in if you love the outdoors. From the deserts in the southern part of the state with Red Rocks and Moab to the High Uintah Mountains in the northern part of the state Utah has it all.
Utah has always had a stigma with the Mormon chuch but times are a chaning. Homebrew is legal now (never was really enforced) and stupid liquor laws are being done away with. It still has a ways to go but a LOT has changed in the last 10 years or so.
*This message paid for by the Utah Tourism Commision*
COLObrewer
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I'm in for a couple hundred, $1,499,600 to go. Maybe, since I'll be the second shareholder I can get the corporate jet to shuttle me back and forth!
![Craft A Brew - Safale S-04 Dry Yeast - Fermentis - English Ale Dry Yeast - For English and American Ales and Hard Apple Ciders - Ingredients for Home Brewing - Beer Making Supplies - [1 Pack]](https://m.media-amazon.com/images/I/41fVGNh6JfL._SL500_.jpg)
billvon
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I'll chip in a few hundred. And it's right next to Skydive Utah.
ReverseApacheMaster
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Given the stigma on alcohol in Utah, I'm not surprised it's a failing business. The building is way, way too big (which translates to huge expense) for a struggling brewpub. Nice, but it seems oversized for the business.
Who is going to buy a brewery in a state with that kind of stigma that after nine years has "inconsistent beer" and an "image problem"? If you don't have a consistent product, it's absolutely obvious why the brewing side of the business never took off.
To expect somebody to pay 1.5M for a failing business is ridiculous, unless the assets exceed liabilities to close to that value, since the business name and expected profit stream are practically meaningless. I highly doubt that to be the case though. I'm sure there are still massive liabilities on the equipment and property.
Who is going to buy a brewery in a state with that kind of stigma that after nine years has "inconsistent beer" and an "image problem"? If you don't have a consistent product, it's absolutely obvious why the brewing side of the business never took off.
To expect somebody to pay 1.5M for a failing business is ridiculous, unless the assets exceed liabilities to close to that value, since the business name and expected profit stream are practically meaningless. I highly doubt that to be the case though. I'm sure there are still massive liabilities on the equipment and property.
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I spent a week in Salt Lake back in April - great town and some great brewers and bars!
Had a blast at Squatters, Red Rock, and Beerhive (to name a few)
Don't knock Utah ABV laws - Squatter's Hop Rising Double IPA checks in at 9%
RedGlass
Well-Known Member
Unless I misread the link in the OP, the business is not being sold, just the real estate and equipment. You wouldn't acquire their liabilities if you were only buying goods and real estate.
Either way, you'd be throwing money away to buy that place unless you had enough cash to be the next Anchor. Brewing in Utah + tons of overhead = failed business model.
ReverseApacheMaster
Well-Known Member
An existing business with nine years of credit history is definitely a worthwhile asset to obtain, even if the name and ownership changes. I didn't see that they specifically stated the business organization is included, but I can't imagine that it would not be.
My suspicion is that the brewery probably still owes money on the land/building/equipment which means they can't sell or transfer ownership without either first satisfying the debts or requiring the new owner to assume the debts (otherwise the loanholder would foreclose on the respective property). Any loans on the assets of the brewery would surely be collaterialized on whatever they were taken out to purchase.
I definitely agree that this brewpub attempt was a bad idea, even though it was no doubt a noble venture.
I have never been to the place but looking at their website my guess this is why they failed. http://www.tracksbrewing.com/eventsCalendar.aspx
Who goes to a brew pub for jello shots, Jagerbombs and Kamikazees? They did have three dollar pitchers of BL on Mondays tho.
If they wanted to be a bar then should have bought some dive warehouse and throw in a bar. They spent a small fortune to build a brew pub and then tried to make it into a bar. No wonder it failed.
Who goes to a brew pub for jello shots, Jagerbombs and Kamikazees? They did have three dollar pitchers of BL on Mondays tho.
If they wanted to be a bar then should have bought some dive warehouse and throw in a bar. They spent a small fortune to build a brew pub and then tried to make it into a bar. No wonder it failed.
homebrewer_99
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For $150,000.00 I'd go for it even if it were in Harlem, but 10X that much in the Mormon State is asking too much...
ReverseApacheMaster
Well-Known Member
I have never been to the place but looking at their website my guess this is why they failed. http://www.tracksbrewing.com/eventsCalendar.aspx
Who goes to a brew pub for jello shots, Jagerbombs and Kamikazees? They did have three dollar pitchers of BL on Mondays tho.
If they wanted to be a bar then should have bought some dive warehouse and throw in a bar. They spent a small fortune to build a brew pub and then tried to make it into a bar. No wonder it failed.
I don't know which is worse: the fact that they couldn't figure out why the brewing never took off or that anybody who actually converts the bar into a brewpub is going to lose all of the business in the bar.
Burgs
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I have never been to the place but looking at their website my guess this is why they failed. http://www.tracksbrewing.com/eventsCalendar.aspx
Who goes to a brew pub for jello shots, Jagerbombs and Kamikazees? They did have three dollar pitchers of BL on Mondays tho.
If they wanted to be a bar then should have bought some dive warehouse and throw in a bar. They spent a small fortune to build a brew pub and then tried to make it into a bar. No wonder it failed.
This. I understand the complaints about the location and Utah and all that but looking at that website, it's pretty clear that the business never had a good identity. I don't think they knew what they were doing, honestly.
*Edit: Why does that site say that their stout is hopped with Munich hops? I've only been doing this for a few years but... pretty sure Munich isn't a hop variety, right?
remilard
Well-Known Member
It's a beautiful place and you certainly couldn't build it for less.
The location is iffy but then Pelican Pub did okay in a remote location. Does this town get any tourist traffic?
Either way, one of the nicest looking brewpubs I have seen.
The location is iffy but then Pelican Pub did okay in a remote location. Does this town get any tourist traffic?
Either way, one of the nicest looking brewpubs I have seen.
I agree. If you could yank it out of that location and move it to another state, you might have something.
The DJ and Karaoke did not help. I personally will avoid patronizing an establishment if they have Karaoke. I am paying good money to enjoy a meal and drinks. Bleeding ears caused by some drunk that thinks they can sing will cause me to close my wallet every time.
