Make a Toast on the Coast: Smuttynose Bidding Starts Friday
Smuttynose Brewing Co. goes up for auction Friday.
Bids for the Hampton brewery starts at 2 p.m. at 105 Towle Farm Road.
Bidders can purchase the Smuttynose brand, restaurant and facility.
The company has been brewing since 1994 at their state-of-the-art energy efficient facility. Smuttynose takes pride in their New England rich beermaking history, respecting, the environment, and being an active community member.
Smuttynose has 68 employees and the company says the brewery is capable of producing 75,000 barrels and generating more than $10 million annually. In the last year, however, it has been running at 50 percent capacity.
Those interested in purchasing the brewery are required to put down a $250,000 deposit.
People reacted to the sale of the New Hampshire brewery on Twitter.
Smuttynose auction tomorrow. I can throw in $100. Maybe pt a group together on Twitter?— Keith Barber (@keithbarber48) March 8, 2018
You know I’m really sad & perplexed about Smuttynose brewing company Formerly Portsmouth, now Hampton,NH— Bob Davidson (@rdavidson721) January 19, 2018
Good business people need 2 adapt the changing landscape of their business, & with the craft beer movement it’s no different.
Unfortunately were seeing the end of Smuttynose
Methinks, alas, that it's too late to put together a cooperative bid on the #smuttynose brewery . . . but how cool it would be to have a NH answer to Blackstar, Flying Bicycle, etc.— D. Maurice Kreis (@DMoKreis) January 25, 2018
Owner Peter Egelston says the company's financial models were based on 20 years of consistent growth. Egelston says as the marketplace stabilizes, Smuttynose can regain its footing with a major infusion of capital.
Material from the Associated Press contributed to this article.