Just one week after launching its Crowdcube equity crowdfunding campaign, The Wild Beer Co. has successfully secured its initial £1 million funding target thanks to nearly 850 investors.
As previously reported, The Wild Beer Co. launched in 2012, stated that during its first four years it has exported to 22 countries and averages annual growth more than 100%. The company considers itself one of the UK’s most creative breweries due to the fact that it uses barrel-aged wild fermentation to create complex flavors and pairs the beer with food in a fusion of flavor through its bar/restaurants.
“This is the dream of Brett Ellis and Andrew Cooper, who, in 2012, created a brewery that thought Wildly Different, and that encouraged you to Drink Wildly Different. We have a passion for wild fermentation and barrel [aging] to make beers with complexity and unusual flavour. We have helped create a market within the UK craft beer scene, have become world-renowned for what we do and now export to 22 countries. This isn’t just about beer, it’s about challenging perceptions, creating a movement and battling against a tradition that says only pints are beautiful and quantity is more important than quality.”
The brewery’s current plan is to build a new, state of the art brewery; continue to develop its current brewery; and develop its growing bar and restaurant business. The Wild Beer Co. team revealed:
“We plan to use the funds to secure the land which we estimate will cost around £1.5MM and be paid in 2 instalments. The remaining costs are estimated to be £7.8MM and will cover building, fit-out and contingency costs over the expected 24-month project. We intend to finance this with £6MM of combined mortgage and asset financing as well as operating cash flow from the combined brewery and bars business.”
The campaign is set to close at the end of March.
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