USA, CO: Pilothouse Brewing Co. closes, files for Chapter 7 bankruptcy
The ship has sailed for Auroras nautical-themed brewery, BusinessDen reported on March 3.
Pilothouse Brewing Co., which opened in August 2017 at 4233 S. Buckley Road, closed in recent days, and said in a Feb. 27 bankruptcy filing that it owes between $100,001 and $500,000 to between one and 49 creditors.
The brewery said it has assets in the same range. Chapter 7 bankruptcies are typically a liquidation process, where a trustee is appointed to oversee a selloff of the debtors assets.
The 3,000-square-foot brewery was founded by Jean Verrier, who is listed as president on the bankruptcy filing, along with his wife and brother-in-law. The co-owners initially invested $650,000 into the space, plus $100,000 in tenant improvements from Kimco Realty, according to previous BusinessDen reporting.
Verrier didnt respond to requests for comment on March 2. The brewerys website and Facebook page were taken down as of the morning of March 2.
Jonathan Dickey with Buechler Law Office in Denver is representing the company in bankruptcy proceedings. He could not be reached for comment on March 2.
Pilothouse Brewing Co. catered to homebrewers and poured pints for the public. For a fee, homebrewers could use Pilothouses facilities to brew their own recipes. The brewerys theme came from Verrier and his wifes love for sailing.
Two other breweries in the Mile High metro area have filed for bankruptcy in the past four months. Denvers Declaration Brewing Co., located at 2030 S. Cherokee St., filed for Chapter 11 bankruptcy in January. GrowlerU Franco LLC, which does business as Growler USA in Centennial and West Highland, also filed for Chapter 11 bankruptcy in November.
Companies use Chapter 11 bankruptcy protection to reorganize and help keep the business alive, paying creditors over time.
E-malt.com, the global information source for the brewing and malting industry professionals. The bi-weekly E-malt.com Newsletters feature latest industry news, statistics in graphs and tables, world barley and malt prices, and other relevant information. Click here to get full access to E-malt.com. If you are a Castle Malting client, you can get free access to E-malt.com website and publications. Contact us for more information at marketing@castlemalting.com .