Maybe someone can edumacate me on a bank's rationale for lending start-up funds to a business in a thoroughly overcrowded niche. Doesn't the failed business declare bankruptcy and stiff the bank on the loan?
I have been given some business plans for microbreweries looking for investment. Financials are not very pretty.
Colorado is far from alone, but in general is overrun with breweries. To the point that, in recent years, there is a steady churn in new ones opening and failing ones closing. My small suburb of ~35K residents bounces between 5-6 breweries at any one time it seems. Plus a couple distilleries, plus an alcoholic Cidery, plus another 4-6 breweries in each of the various nearby other suburbs. etc... I honestly don't know how as many stay in business as they do. It's kinda nuts.
There was an initial microbrewery revolution in the 1990s: In Boston - Sam Adams, Harpoon, Long Trail, Catamount. However, those sold out, consolidated, went public, etc. In Seattle, you had Pyramid, Alaskan, Elysian, Red Hook. Red Hook and Elysian were bought by Anheuser-Busch. Anchor Steam (SF) was bought by Sapporo.
Starting around 2010 after the Great Recession, a huge wave of new microbreweries popped up catering to the Millenials. It's like Facebook, Instagram, and Tik-Tock. Every Generation has its place - or microbrewery. And new ones pop up.
While I enjoyed beer more in Boston because you had a lot of European brews on tap, as well New England microbrews - I am kinda over it now.
If in the Tropics, a lighter beer with lime is always good. And I like some Ales and a Guinness - now and again. It's fun in Belgium to see how every beer can have a different glass, and German beers are good in Austria.
The Bay Area has a strong wine and cocktail culture, so that is where my tastes have migrated. Whiskey/Bourbon and Red Wines. I am less interested in the latest Coffee Coconut Porter (yes, it's a thing).
And Hard Seltzer?! Gross flavored Malt Liquor. Might as well relaunch Zima and see if Gen Z will drink it.