Seven bro7hers crowdfund more than £400k for brewery and beer house expansion
SEVEN BRO7HERS has smashed its crowd funding target by more than £200k – raising £436,322 to expand the brewery and open four new beer houses across the UK.
The brewers were forced to pause plans to open their Liverpool bar when the UK entered lockdown in March, now thanks to investment it will be opening in the autumn.
The fund will open a bar in Leeds next year and will support the opening of two more beer houses by 2022.
SEVEN BRO7HERS Brewing co. CEO Keith McAvoy said: “We’ve built a business on core values around simplicity, transparency, locality and family – now we have extended our family even further with 1000 new investors.
SEVEN BRO7HERS reopened its Middlewood Locks and Ancoats beer houses and newly refurbished Salford taproom at the beginning of the month operating under social distancing restrictions.
Keith added: “We are excited to have come out of lockdown, seeing our beer houses reopen and web shop thrive. This month we celebrate six years of SEVEN BRO7HERS, we are grateful to everyone who has supported our business and invested, we promise to make you proud of your investment.”
The brewery was founded in 2014 by McAvoy brothers, Guy, Keith, Luke, Daniel, Nathan, Kit, and Greg, inspired by their dad’s home-brewing efforts in their cellar at home.
Since crowd funding in 2016 the brewery saw a 181 per cent growth in business revenue between 2017 and 2019. The brewhouse has increased capacity by over 800 per cent in five years, and is available in Co-op, Booths stores and Ocado.
Those who invested more than £250 in the 2020 fund will receive birthday beers and discounts online and in the beer houses.
The brothers, who have two successful beer houses and a taproom in Manchester, will also be opening a partnership bar in Manchester Airport’s new terminal two when it reopens as part of a lucrative 10-year deal.
This was posted in Bdaily's Members' News section by Emma Elizabeth Lowe .
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning National email for free.