Wednesday, July 27, 2011

Bummer: Freetail Suspends Plans for Houston Brewpub



You've probably seen this already today:

For
Immediate Release

SAN ANTONIO-BASED BREWERY SUSPENDS PLANS FOR SECOND LOCATION

(July 27, 2011) San Antonio, TX – Having previously announced expansion into the Houston market, Freetail Brewing Co. will announce the indefinite suspension of plans for a second location — citing concerns over access to capital.

“As I moved forward with the Freetail Houston project, I began to run into an increasing level of resistance in capital markets. A brewpub is a good project for downtown Houston, but the deal is simply not there for me at this time,” explained Freetail Founder & CEO, Scott Metzger. “When we announced the project on May 17, we also stated there were financial considerations to be addressed. Those considerations are ultimately what put this project on hold indefinitely, and no other reason. To move forward with the project at this time would be irresponsible and an injustice to my company and the City of Houston.

“For now my focus will be to continue growing our successful original location, which has internal expansion needs of its own, and moving forward in the battle for fair reform of the Texas Alcoholic Beverage Code, as it relates to the activities of our state’s brewpubs and breweries,” added Metzger.

Freetail Brewing Co. is founded on the pursuit of creating exciting, innovative and unique world class beer and beer-centric cuisine. We embrace the laid back and fun-loving Texas culture and set out to create products that mirror the lifestyle of our diverse and rapidly growing community. We believe in promoting an increased appreciation of craft beer and its responsible enjoyment. We believe in going above and beyond customer expectations not only through our products, but also through exceptional customer service. We believe in providing a dining and leisure experience unmatched in the local community. And in case you didn’t get it the first time… we believe in having fun.

For more information visit www.freetailbrewing.com.

1 comment:

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