The Project
The finished brewpub will have several exciting features. First is an oak bar
wrapped around the main beer cooler. We think the beer serving tanks being the
focal point will anchor the brewpub atmosphere and remind customers that the
beer in their glasses is brewery fresh. Another feature is the floor to ceiling
windows on most of the front of the building. This will allow customers to see
the hustle and bustle of 38th Street as they enjoy Smokehouse food and brews.
The windows will also expose the brewhouse workspace, and at certain parts of
the day you can see the brewing in action. Last, is a 40-seat patio on the east
side of the building. We understand the need to soak up every moment of the
Twin Cities’ beautiful, yet short summers. And why not do it with a craft beer
in hand.
This project is in the advanced stages of planning. The architect has drafted
schematic designs. The kitchen designer has designed the kitchen and front of
house. We've negotiated and signed a lease with the building owner and have a
contractor ready to start the project. Ward 9 City Council member, Gary Schiff
is in full support of the project, as is the Minneapolis Community Planning and
Economic Development office and Mayor R.T. Rybak. We also have support from
members of the Standish-Ericsson Neighborhood Association.
“The local food movement wouldn't be complete without locally-made craft beer.
Smokehouse Brewpub will build on Minneapolis' growing microbrewery scene and
will be an asset for the neighborhood.” - – Minneapolis City Councilmember Gary
Schiff, Ward 9
SCOPE AND COST
The scope of the project is relatively large compared to restaurants in general,
because there is an on-site brewery involved. The total project cost is
estimated at roughly $800,000. The building owner has agreed to invest roughly
$100,000 of that in building improvements. 75% of the remaining $700,000 will
be financed through a small city loan and a bank loan. The bank requires a 25%
down payment to secure the financing. A portion of that down payment will be
covered with a cash investments from the primary partners. But we still need
$160,000 to get this project started.
Traditional fundraising avenues haven’t happened yet. Our friends, family, the
neighborhood, and the craft beer community are excited to get this project
moving. After careful consideration and discussions with our banker and
lawyers, we have decided on an outside-the-box approach to raise the remaining
capital for this project. This
fundraising approach involves community ownership.
We have raised the capital needed to get this brewpub off the ground.
Please follow us on Facebook or Twitter to follow our progress.
Thank you for your interest and continued support. We can't wait to serve you in the future!
Thank you for your interest and continued support. We can't wait to serve you in the future!
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