There is a definite North Carolina slant to the Five Articles today with 3 coming from North Carolina and one coming from Upstate South Carolina.
- Instead of just celebrating Pop The Cap, Tony Kiss, aka The Beer Guy, decided to look at all the higher ABV beers the law’s passage allowed to be brewed in North Carolina.
- The Beer Guy did the same thing for the Upstate South Carolina beers he covers for a different newspaper (but owned by the same parent company).
- Next, he looks at the expansion of Catawba Brewing. This brewery has had some major growth in the last 5 years.
- Moving a little east here is a profile of Townes Mozer and Lenny Boy Brewing.
- Here is a short article on why investing in craft beer startups is a great idea. According to this article, the failure rates for new craft breweries is near zero. I would love to see the actual data supporting this because, at first blush, I find it hard to believe. The reason I find it hard to believe is the last line in the article. “Passion for making beer keeps craft brewers toiling away longer than most entrepreneurs. Often they aren’t succeeding so much as refusing to fail.” With low startup costs, it does appear to be a low risk for an investor. I agree with the first commenter in that too many brewers get into this with no business plan. The craft bubble bursting will be a consolidation. The brewers who did not have a plan from the beginning will get sucked up by larger breweries looking to expand their capacity and footprint. We will end up with lots of regional breweries and lots of small breweries.