Green Flash pulls out of 33 states

[arren]

Eh, they'll just say Green Flash did it poorly and <insert other brewery> would be way smarter about it.

Except Green Flash did do it poorly. They're essentially a small family outfit with no real business acumen whose eyes were bigger than their stomach.

I mean, I don't doubt than any other brewery would have failed as well, but not as spectacularly as Green Flash has managed to do.

 

[JulianB1]

So I was curious what the takes on BA were like about this, and, well:

"And also lets not kid ourselves here.. Many might not want to hear this but they didn't capitalize or jump in on this current haze craze-tap room- exclusive can release era. Go ahead and do your expansion but where's your tap room experience at? They didn't cover all their bases.

No can releases, no haze, no sexy stout releases. It is what it is."

Yes, this is clearly why they weren't able to service the debt on a massive expansion project. If only they'd been selling 4-packs of hazy IPAs to the same two hundred people every week, they'd have surely been able to sort out their finances...

 

[Sage1]

Yes, this is clearly why they weren't able to service the debt on a massive expansion project. If only they'd been selling 4-packs of hazy IPAs to the same two hundred people every week, they'd have surely been able to sort out their finances...

$20M in debt. Like, that’s all you really need to know to know how impossible of a ship this was to turn around once they were pointed that direction.

 

[loeyjarko]

Quite a sad saga.

 

[litheum94]

$20M in debt. Like, that’s all you really need to know to know how impossible of a ship this was to turn around once they were pointed that direction.

Obviously they'd be able to cover that with just 4 weekends of can sales.

 

[ggfunk]

Man, I forgot how much I loved Rayon Vert.

 

[arren]

$20M in debt. Like, that’s all you really need to know to know how impossible of a ship this was to turn around once they were pointed that direction.

No you don't understand, all they needed to do was sell 1 million 4-packs of hazy at $20 per and they could pay off that debt. Do the math, plebe

 

[dbannister]

I feel this is going to have some fairly significant implications as its going to be much more difficult to secure loans for expansion. I'm hoping Alpine can get through this unscathed.
I'm going to miss walking over to Green Flash from the Holiday Inn

 

[middlebrow]

Man, I forgot how much I loved Rayon Vert.

one of the best...american brett gateway to wild and wonderful wild world of 'merican wild. been half ass homebrewin one for years but never unleashed on big boy system because the brett/sacc blend would explode the cans on warm shelves.

No you don't understand, all they needed to do was sell 1 million 4-packs of hazy at $20 per and they could pay off that debt. Do the math, plebe

it costs like 5 to 8 bucks to make & package haze, so they'd need to sell like 1.66 million 4-packs

 

[Lutter]

I'm going to miss walking over to Green Flash from the Holiday Inn

Some high risk investment group (with I think more money than sense) bought their assets. So the brands, the buildings (outside the Virginia brewery.... it was split out of the deal), fixtures, equipment, etc etc...

So they shouldn't be closing. They'll want to keep it open to, ya know, make back their investment. Since they buy high risk businesses, they'll then try to flip the business once they get it low-to-no risk.

That or they'll light another cigar with the deed to the brewery and say "oh well" while drinking a nice glass of wine.

 

[SeaWatchman]

Wow.

 

[tosh1]

can i buy the recipe & water profile for rayon vert from some business/debt folks that now are looking to collecting bucks?

I will sell you my last bottle to deconstruct.

 

[DaBeerHoarder]

When I heard Green Flash was being foreclosed, I tried to remember the last time I actually saw a Green Flash beer. Not fake Alpine bottles. I see those all the time. True Green Flash beers. Went to a local Giant Eagle that I don't usually visit and to my surprise, they had some. Still full price of course. The Le Freak was best before Sep 2017 and the Cosmic was best before April 2017. Collector's item now?

 

[matedog]

Excuse me if I missed this on another thread, but this was a really interesting podcast:
https://thefullpint.com/podcast/podcast-84-handing-over-keys-to-a-lamborghini-pat-mcilhenny/

McIlhenny was remarkably candid.

 

[tehzachatak]

Excuse me if I missed this on another thread, but this was a really interesting podcast:
https://thefullpint.com/podcast/podcast-84-handing-over-keys-to-a-lamborghini-pat-mcilhenny/

McIlhenny was remarkably candid.

tl;dl? any interesting takeaways?

 

[matedog]

tl;dl?

Green Flash were/are really poorly managed. They ****** up Alpine, they ****** up West Coast IPA, they probably did make people get kegs of Green Flash to be able to get Alpine, they ****** over Mcilhenny financially when they bought him out.

 

[matedog]

Green Flash were/are really poorly managed. They ****** up Alpine, they ****** up West Coast IPA, they probably did make people get kegs of Green Flash to be able to get Alpine, they ****** over Mcilhenny financially when they bought him out.

Oh also, I'd have to relisten because I kinda missed it at the time, but Green Flash bought Alpine in a sort of round about way. Something about Alpine was purchased by another company that was bought by Green Flash later?

 

[user 306926]

All this hubbub about Rayon Vert and I'm over here really jonesin for Palate Wrecker.

 

[Sage1]

https://westcoastersd.com/2018/05/02/a-recap-green-flash-alpine-and-wc-ipa-llc/

 

[FoudreGuy]

https://westcoastersd.com/2018/05/02/a-recap-green-flash-alpine-and-wc-ipa-llc/

Yeeeeeesh.

 

[StarRaptor1]

https://westcoastersd.com/2018/05/02/a-recap-green-flash-alpine-and-wc-ipa-llc/

If it was such a Lamborghini how come he was unable to find other investors?