Angry Scotsman Brewing, LLC

PROJECT PURPOSE

Opened April 2019, Angry Scotsman Brewing (ASB) is an OKC microbrewery-taproom in a downtown revitalizing district 3 blocks southwest of Myriad Gardens on Reno Ave. In 2020, we received PPP and, following that, worked to continue retaining all staff, including by forgoing owner/brewer?s own compensation. But the pandemic stalled or bankrupted neighboring developments planned to increase foot traffic, inflated materials and other costs, and decimated the business?s strong early trajectory. Supply chain issues have hampered ability to manufacture, and continued restaurant and bar closures reduced distribution sales. ASB requests $65,000 or any partial amount for patio improvements to increase number of ?patio-weather? days and restabilize taproom revenue: Shade structure ($25,000)?metal frame supporting shade sails Outdoor heaters and cooling mist fans ($15,000)?wired into shade structure Replace tables and chairs ($5,000)?initial shoestring budget purchases breaking down Small outdoor stage ($5,000)?to accommodate local artists/bands outside Improved landscaping ($5,000)?additional trees to ?green? the space Mural ($10,000)?large wall mural to support local arts and increase visibility Funding would help ASB regain its strong growth trajectory and continue anchoring area development, creating additional jobs and long-term economic impact for the state.

EVIDENCE

None

POPULATION DESCRIPTION

The restaurant/beverage industry has been severely impacted: the national craft beer market was down 45% 2019-20, with retail and taproom sales down 20% and draft sales to wholesale accounts down 41% (Brewers Association). In 2019, microbreweries in OKC were just taking off, set to provide huge new revenue streams to the state, but economic impact dropped 40% in 2020 ($699M to $423M). The top 10 microbreweries in OK, saw only 10% drop in production, however?meaning margins are way down and costs are way up. At ASB, due to decreased and stalled growth of demand, we manufactured less than half of projected in 2020 and 2021. Despite vaccinations, 2021 did not see the resurgence we were hanging on for. While we are thankful that gross revenue did grow slightly, we face hugely increased operating expenses (insurance doubled, materials due to supply chain, escalating rent, safety supplies/considerations, and more). Because we had just opened in early 2019 and were building business, we could not show a YOY revenue loss in 2020 needed to be eligible for many relief funds. If awarded, these funds would go a long way to helping us increase competitiveness and regain a positive growth trajectory.

PERFORMANCE MEASURING

Project success will be measured through increased revenue and more specifically increased revenue on bad weather days?creating more stability as the business regains its strong footing and meets growth plans.

ONGOING INVESTMENT AMOUNT

$

ONGOING INVESTMENT DESCRIPTION

None

ONGOING INVESTMENT REQUIRED

One-time project will not need continued funding