mba December 2002

mba@thebarn.com

39 participants
71 discussions

Re:RE: Pub chain to double size, backed by $5.6M financing

by bergbrew＠juno.com

>When is someone going to open a brewpub in the Mall of America, or >Bloomington, or somewhere in the near south/southeast area of the TC ? A) When the rent comes down B) When there is a place with enough traffic to support it Location, Location, Location ________________________________________________________________ Sign Up for Juno Platinum Internet Access Today Only $9.95 per month! Visit www.juno.com

22 years, 11 months

RE: Pub chain to double size, backed by $5.6M financing

by Moranz, Mike

I've had their IPA. It was at the end of a day of "tasting" at the Hoppy Halloween in Fargo so I'm probably not the best to give it a rating. The Fargo folks go there often, seem to like it, and have some kind of mug club. They get a big mug for 2 or 2 fifty anytime. The beer is fermented on site and I would guess that from a brewers standpoint, it may be a little "unfulfilling". The food menu had some interesting items not seen at your everyday sports bar and the prices were reasonable. The service for our table of 15-20 was fine and they were busy. When is someone going to open a brewpub in the Mall of America, or Bloomington, or somewhere in the near south/southeast area of the TC ? Mike Moranz, President Minnesota Home Brewers Association > > Has anybody had any Granite City beer made from the > mass-produced-wort-shipped-across-state-lines-by-tanker > method yet? Is it > any good? I'm guessing if Sherlock's went to that method of > brewing, the > 'built in customer base' would soon notice the difference > from the Quality > beer that Damien makes there now. And I'm not sure that > Damien, being the > skilled brewer he is, would want to stick around to "add > yeast and stir". > > FWIW > > - Al > > > > > "Will Holway" > > <brew987(a)yahoo.c To: "Marc > Donnelly" <marc(a)targetadv.com>, mba(a)thebarn.com > om> cc: > > Sent by: Subject: Re: > Pub chain to double size, backed by $5.6M financing > mba-bounce@theba > > rn.com > > > > > > 12/23/2002 01:26 > > PM > > > > > > > > > > > I don't understand why he doesn't just turn Sherlock's > into a Granite City if that is his aim. There is a > built in customer base and a brewer. > > > --- Marc Donnelly <marc(a)targetadv.com> wrote: > > Isn't this Bill's venture? hum... > > > > > > --------------- > > from: > > > http://twincities.bizjournals.com/twincities/stories/2002/12/23/ > > > > story7.html > > > > > > > > Pub chain to double size, backed by $5.6M financing > > Andrew Tellijohn Staff Reporter > > > > > > St. Louis Park-based Granite City Food & Brewery > > closed this month on > > $5.6 million in financing that will help it double > > its restaurants in > > 2003. > > > > In January, the casual dining restaurant chain will > > break ground in > > West Des Moines, Iowa, on its fourth location. It is > > also negotiating > > on two more sites in the Midwest. > > > > Steve Wagenheim, Granite City's president and CEO, > > said revenue is > > projected to increase from $12 million this year to > > $30 million in > > 2004. He said, within three to five years, the > > company could be a $100 > > million chain extending westward from Ohio to South > > Dakota. > > > > "You've got to start one unit at a time, one market > > at a time," he > > said. "Our stores are doing really well. The concept > > has been really > > embraced." > > > > Granite City expects to open a few more sites in > > 2004 than in 2003 > > before aggressively ramping up expansion in 2005. > > > > Granite City raised the money through a private > > financing using > > Minneapolis-based Aethlon Capital as its agent. The > > new capital will be > > used to build the next several stores. After that, > > the company expects > > further expansion to be funded out of pocket. > > > > "The leaps are going to be pretty significant," said > > Wagenheim, a > > former Twin Cities restaurant consultant and > > licensee of the Champps > > Americana restaurant chain. > > > > Granite City opened its first restaurant in St. > > Cloud in 1999. It went > > public the next year and launched locations in > > Fargo, N.D., and Sioux > > Falls, S.D., shortly thereafter. The chain has grown > > by focusing on > > second-tier metropolitan areas. At some point, > > Wagenheim said, the Twin > > Cities will be on the expansion radar. > > > > "We're filling in the dots and Minneapolis is a part > > of it," he said. > > > > Restaurant industry observers praised Granite City > > for expanding > > cautiously. > > > > "They seem to understand the markets in which they > > are open," said > > Scott Hume, managing editor of Des Plaines, > > Ill.-based Restaurants and > > Institutions magazine. "They're growing slowly, > > which would seem wise > > in this market." > > > > Casual dining restaurants, especially ones that > > include bars, have done > > well in spite of difficult times, he added. > > > > Wagenheim acknowledges that the slowdown has > > affected the speed of > > Granite City's expansion plans. But he said he's > > looking forward to the > > future. "This is just a really fun and interesting > > time for the > > company." > > > > > > > > atellijohn(a)bizjournals.com | (612) 288-2102 > > > > © 2002 American City Business Journals Inc. > > > > > > > __________________________________________________ > Do you Yahoo!? > Yahoo! Mail Plus - Powerful. Affordable. Sign up now. > http://mailplus.yahoo.com > > > > > > > > >

22 years, 11 months

Re: Pub chain to double size, backed by $5.6M financing

by allan.boyce＠usbank.com

Has anybody had any Granite City beer made from the mass-produced-wort-shipped-across-state-lines-by-tanker method yet? Is it any good? I'm guessing if Sherlock's went to that method of brewing, the 'built in customer base' would soon notice the difference from the Quality beer that Damien makes there now. And I'm not sure that Damien, being the skilled brewer he is, would want to stick around to "add yeast and stir". FWIW - Al "Will Holway" <brew987(a)yahoo.c To: "Marc Donnelly" <marc(a)targetadv.com>, mba(a)thebarn.com om> cc: Sent by: Subject: Re: Pub chain to double size, backed by $5.6M financing mba-bounce@theba rn.com 12/23/2002 01:26 PM I don't understand why he doesn't just turn Sherlock's into a Granite City if that is his aim. There is a built in customer base and a brewer. --- Marc Donnelly <marc(a)targetadv.com> wrote: > Isn't this Bill's venture? hum... > > > --------------- > from: > http://twincities.bizjournals.com/twincities/stories/2002/12/23/ > > story7.html > > > > Pub chain to double size, backed by $5.6M financing > Andrew Tellijohn Staff Reporter > > > St. Louis Park-based Granite City Food & Brewery > closed this month on > $5.6 million in financing that will help it double > its restaurants in > 2003. > > In January, the casual dining restaurant chain will > break ground in > West Des Moines, Iowa, on its fourth location. It is > also negotiating > on two more sites in the Midwest. > > Steve Wagenheim, Granite City's president and CEO, > said revenue is > projected to increase from $12 million this year to > $30 million in > 2004. He said, within three to five years, the > company could be a $100 > million chain extending westward from Ohio to South > Dakota. > > "You've got to start one unit at a time, one market > at a time," he > said. "Our stores are doing really well. The concept > has been really > embraced." > > Granite City expects to open a few more sites in > 2004 than in 2003 > before aggressively ramping up expansion in 2005. > > Granite City raised the money through a private > financing using > Minneapolis-based Aethlon Capital as its agent. The > new capital will be > used to build the next several stores. After that, > the company expects > further expansion to be funded out of pocket. > > "The leaps are going to be pretty significant," said > Wagenheim, a > former Twin Cities restaurant consultant and > licensee of the Champps > Americana restaurant chain. > > Granite City opened its first restaurant in St. > Cloud in 1999. It went > public the next year and launched locations in > Fargo, N.D., and Sioux > Falls, S.D., shortly thereafter. The chain has grown > by focusing on > second-tier metropolitan areas. At some point, > Wagenheim said, the Twin > Cities will be on the expansion radar. > > "We're filling in the dots and Minneapolis is a part > of it," he said. > > Restaurant industry observers praised Granite City > for expanding > cautiously. > > "They seem to understand the markets in which they > are open," said > Scott Hume, managing editor of Des Plaines, > Ill.-based Restaurants and > Institutions magazine. "They're growing slowly, > which would seem wise > in this market." > > Casual dining restaurants, especially ones that > include bars, have done > well in spite of difficult times, he added. > > Wagenheim acknowledges that the slowdown has > affected the speed of > Granite City's expansion plans. But he said he's > looking forward to the > future. "This is just a really fun and interesting > time for the > company." > > > > atellijohn(a)bizjournals.com | (612) 288-2102 > > © 2002 American City Business Journals Inc. > > __________________________________________________ Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now. http://mailplus.yahoo.com

22 years, 11 months

Re: Pub chain to double size, backed by $5.6M financing

by Will Holway

I don't understand why he doesn't just turn Sherlock's into a Granite City if that is his aim. There is a built in customer base and a brewer. --- Marc Donnelly <marc(a)targetadv.com> wrote: > Isn't this Bill's venture? hum... > > > --------------- > from: > http://twincities.bizjournals.com/twincities/stories/2002/12/23/ > > story7.html > > > > Pub chain to double size, backed by $5.6M financing > Andrew Tellijohn � Staff Reporter > > > St. Louis Park-based Granite City Food & Brewery > closed this month on > $5.6 million in financing that will help it double > its restaurants in > 2003. > > In January, the casual dining restaurant chain will > break ground in > West Des Moines, Iowa, on its fourth location. It is > also negotiating > on two more sites in the Midwest. > > Steve Wagenheim, Granite City's president and CEO, > said revenue is > projected to increase from $12 million this year to > $30 million in > 2004. He said, within three to five years, the > company could be a $100 > million chain extending westward from Ohio to South > Dakota. > > "You've got to start one unit at a time, one market > at a time," he > said. "Our stores are doing really well. The concept > has been really > embraced." > > Granite City expects to open a few more sites in > 2004 than in 2003 > before aggressively ramping up expansion in 2005. > > Granite City raised the money through a private > financing using > Minneapolis-based Aethlon Capital as its agent. The > new capital will be > used to build the next several stores. After that, > the company expects > further expansion to be funded out of pocket. > > "The leaps are going to be pretty significant," said > Wagenheim, a > former Twin Cities restaurant consultant and > licensee of the Champps > Americana restaurant chain. > > Granite City opened its first restaurant in St. > Cloud in 1999. It went > public the next year and launched locations in > Fargo, N.D., and Sioux > Falls, S.D., shortly thereafter. The chain has grown > by focusing on > second-tier metropolitan areas. At some point, > Wagenheim said, the Twin > Cities will be on the expansion radar. > > "We're filling in the dots and Minneapolis is a part > of it," he said. > > Restaurant industry observers praised Granite City > for expanding > cautiously. > > "They seem to understand the markets in which they > are open," said > Scott Hume, managing editor of Des Plaines, > Ill.-based Restaurants and > Institutions magazine. "They're growing slowly, > which would seem wise > in this market." > > Casual dining restaurants, especially ones that > include bars, have done > well in spite of difficult times, he added. > > Wagenheim acknowledges that the slowdown has > affected the speed of > Granite City's expansion plans. But he said he's > looking forward to the > future. "This is just a really fun and interesting > time for the > company." > > > > atellijohn(a)bizjournals.com | (612) 288-2102 > > � 2002 American City Business Journals Inc. > > __________________________________________________ Do you Yahoo!? Yahoo! Mail Plus - Powerful. Affordable. Sign up now. http://mailplus.yahoo.com

22 years, 11 months

Re:

by David H Berg

On Thu, 19 Dec 2002 12:01:41 -0600 "Rolstad, David" <DRolstad(a)mjsk.com> writes: >. My hat is off to the organizers of the Autumn Brew Review and Winterfest who >are introducing the product to the community in what would appear to be some >good old fashion marketing. That is exactly the reason that we started the festivals. Getting an owner to spend money on advertising is like pulling teeth, and even if you do take out an ad, it is impossible to determine if it was cost effective. The Guild took money in the form of dues, and used that to market all the places. It seems to be helping a bit. >There should be more of this. Yes and no. You don't want to overload on festivals, and you need to make sure you are always putting your best foot forward. It's a lot of work to organize the ABR, and those of us who organize it already have full-time jobs. We start planning in January for next year. Hopefully the Food and Wine show will also be beneficial for our members. Believe me, the pavillion was not cheap. But, that's why we formed the Guild--to spend money on promotions. >The question is whether I go to Water Tower,Town Hall or Hops to buy the >Winterfest tickets. I hope you mean Great Waters instead of WT. Speaking of Winterfest, the tickets are flying out the door. I'd say more than half are sold already. David Berg President, Minnesota Craft Brewer's Guild Head Brewer, Bandana Brewery http://www.mncraftbrew.org

22 years, 11 months

Got Bitters? AHA Club-Only Bitters competition

by allan.boyce＠usbank.com

The Minnesota Home Brewers Association will be selecting our club representative for the National Club-Only English Bitters (BJCP Category 4) competition in January 2003. We will make our selection at the Jan.9,2002 BJCP Class. If you have a Bitter that you would like us to consider, bring it to the class on January 9, or get it to someone who will be at the class on January 9. We need three bottles (1 for our club to select, and 2 bottles to go off to the competition). If your beer is not chosen, you can get your other 2 bottles back. If anyone is interested in helping judge, the Minnesota Timberworts are hosting the competition on January 25, 2003. Contact Leo Vitt at lvitt4(a)yahoo.com. I've got a Strong Bitter - who else? - Al PS - The NEXT club-only competition is Brown Ales, being hosted by the Prairie Homebrewing Companions in Fargo on April 12. We will select our club's rep for that contest on March 20, 2003 at that night's BJCP class. Anyone wanting to help judge this can contact Susan Ruud at susan.ruud(a)ndsu.nodak.edu. Unfortunately for those in the BJCP class, April 12 is the same day as our scheduled exam.... Looking a bit further out, the Club-Only Old-Ale competition is in May - start brewing NOW for that one to let your ale get old!!

22 years, 11 months

Press Release: Association of Brewers connects with Slow Food USA

by Cindy Jones

FOR IMMEDIATE RELEASE Association of Brewers connects with Slow Food USA Boulder, Colo. 12.19.2002Association of Brewers (AOB) strengthened the relationship with Slow Food USA's 8,000+ members with a letter to the leaders of the 70+ conviviums around the country. The letter from AOB president Charlie Papazian affirmed the mission and philosophy of Slow Food; protection of biodiversity, the right to pleasure, taste education, promotion of quality, promotion of a new model of agriculture. He applauded Slow Food members for championing these ideals, ideals Papazian feels many Association of Brewers/Institute for Brewing Studies members share. I thought it was important to point out that as Slow Food has cultivated an appreciation for the culture of food and beverage the Association of Brewers and its members have been nurturing an appreciation of brewing and beer culture, comments Papazian. For 25 years we have been participating, promoting and even producing beer-related events that increase the publics awareness of beer culture and how it relates to an appreciation of food. I think we are a perfect fit because were the primary contact for the media when it comes to information about beer and brewing in America. Our activities provide a means to spread the word about beer and food culture. Several Association of Brewers and Institute for Brewing Studies craft/microbreweries members, individual homebrewers and beer enthusiasts are Slow Food U.S.A. members and active supporters. The Association of Brewers is a not-for-profit, educational organization based in Boulder, Colo., U.S.A. devoted to making quality beer and brewing knowledge accessible to all. The Association of Brewers (AOB) has four divisions: American Homebrewers Association (AHA), Institute for Brewing Studies (IBS), Brewing Matters and Brewers Publications (BP). The AOB organizes the World Beer Cup®, Great American Beer Festival®, Craft Brewers Conference and BrewExpo America®, National Homebrewers Conference, National Homebrew Competition and American Beer Month. CONTACT: Cindy Jones, Association of Brewers Phone: (303) 447-0816, ext. 144 E-mail: cindy(a)aob.org Web Site: www.beertown.org

22 years, 11 months

BJCP Class Starting 1/2/2003

by allan.boyce＠usbank.com

The Minnesota Home Brewers Association will be beginning the BJCP (Beer Judge Certification Program) class starting Thursday, January 2, 2003 at my house, 6pm. Please RSVP if you are planning on attending - space is limited! The first week is the famous "Doctored Beer" seminar - VERY fun! If you have any homebrew that you think represents particularly well one flavor, aroma or sensation - bring it along! (ie, bitter, skunky, vegetal, etc.) - Al Boyce alboyce(a)bigfoot.com

22 years, 11 months

RE: KCBM competition

by Crist, Jonathan

To make entering these contests as easy as possible we will help with the shipping. If you want to be part of the MHBA packaging/shipping the packing night for the KCBM contest will be Tuesday January 7th, 2003. Location to be announced. Jonathan > ---------- > From: Steve Fletty[SMTP:fletty@tc.umn.edu] > Sent: Tuesday, December 17, 2002 11:06 AM > To: mba(a)thebarn.com > Subject: KCBM competition > > > Forms and info are up at the Kansas City Bier Meisters web site for the > KCBM > competition in February. > > The KCBM competition is the first leg for the High Plains Brewer of the > Year > 2003, of which our spring competition, the Upper Mississippi Mash-Out, is > the thrid leg. Brewers earn points for a 1st, 2nd, or 3rd place and the > brewer accumulating the most points over the course of the five > competitions > will get the High Plains plaque. There are also competitions in Iowa, > Okalhoma > and the Fargo competition in the circuit. > > So, head over to http://www.kcbiermeisters.org/ and check it. > > We've got plenty of good brewers in the Twin Cities. Let's see if we > can bring home the prize. > > -- > Steve > >

22 years, 11 months

(no subject)

by Rolstad, David

Mike, Dave and the rest of the MPLS Metro beer consumers.... We are all sorry to see a business or two fall by the wayside. However, whether we brew the stuff at home or count on a brewpub, microbrewery, or God forbid a true large commercial brewery...it's that fact that we have a choice to make that brings us all together. I sit here pondering the last several emails, ducking and dodging the criticisms, whether another brewpub, micro..or even a brew store kicks the bucket. Why?? Because I love beer and well, I'm responsible for advising a few investors who own thousands of shares of Summit Brewing stock. Let's not consume ourselves with whether the local brewpubs have too many cooks in the kitchen or whether they decide that country karaoke will drive the sales. My hat is off to the organizers of the Autumn Brew Review and Winterfest who are introducing the product to the community in what would appear to be some good old fashion marketing. There should be more of this. I'm not certain when they all began(I'm a transplant from Blue Bullet land-Stevens Point, Wisconsin), but my word of mouth has driven a few more attendees making a 225 mile journey to taste your product. I think back to the free drink card I rec'd at the 2002 Winterfest and although I did visit that Town Hall Brewing a time or two since...I never redeemed the drink. I will and I will be back for more of the festivals in the future. The question is whether I go to Water Tower,Town Hall or Hops to buy the Winterfest tickets. See you there! ~david Electronic mail sent through the Internet or World Wide Web is not secure. We will not accept time-sensitive, action-oriented messages, transaction orders, or check requests electronically. If you are not the intended recipient, notify the Sender. This information is intended only for the person named above and for the purposes indicated. Do not distribute this message without the written consent of the author. Non-investment related opinions may not reflect the opinion of Miller Johnson Steichen Kinnard, Inc. (MJSK) or its affiliates. MJSK and its affiliates reserve the right to monitor all electronic mail. Member NASD/SIPC For additional disclosure information see http://www.mjsk.com/legal_info/terms_conditions.php

22 years, 11 months

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mba December 2002