I was in Burlington VT a couple of weeks ago. I was stunned at the number of “craft” breweries. On one street there were three different ones; two next to each other and one across the street.
I like beer as much as the next guy. But I cannot imagine that these places are going to stay in business in such a small, concentrated market.
Or am I missing that these are just taking the place of the small restaurants that used to populate the world?
I live in a town of 30,000 people. There are three in my town. How are these people getting bank loans?
IPA breweries in the Northeast are very prosperous these days
“I like beer as much as the next guy. But I cannot imagine that these places are going to stay in business in such a small, concentrated market.”
they’re NOT staying in business: as you point out, they’re grossly overbuilt, plus secular market changes are adding to their woes, namely their former beer-swilling yuppie clientele are growing up and moving on, and the next generation are hooked on Zima-like alcoholic, flavored water ... the result is a YUGE shakeout for this “industry” ...
“I was in Burlington VT a couple of weeks ago. I was stunned at the number of “craft” breweries. “
Just saw a story this morning bemoaning the fact that there aren’t enough African American craft breweries. If you can believe it. White people won’t let them use the national parks and now we’re keeping them from brewing beer.
Trust funders
A bit reminiscent of Baptist churches.