Prior to filing for bankruptcy, the company was rapidly expanding to new cities and states with the goal of maintaining growth through 2021.
“The whole management team and I are very excited about the new owners. We think it’s a great fit for the company, and the energy and collaboration they bring will only enhance our recovery and growth. We are also thankful for our loyal guests and teammates - and vendor and landlord partners who have been working hard to make our progress possible.” “The company has continued to improve operating results in a difficult environment by focusing on keeping our team and guests safe, improving our off-premise sales and reconstructing our business as the marketplace expands and allows. “Over the last several months, the home office support team, general managers and restaurant team members have worked hard to reopen the restaurants and stabilize the company,” said Ned Lidvall, Project BarFly CEO. Since filing for Chapter 11 bankruptcy, BarFly has focused on reopening the current 11 locations, addressing the unique challenges of the COVID-19 pandemic and finding new ownership. “Our goal is to focus efforts around the company’s key markets and ensure HopCat, Stella’s and Grand Rapids Brewing Company remain a thriving part of these communities.” We strongly believe in each restaurant concept and intend to return the company’s focus to providing a unique, best-in-class customer experience,” said Travis Baldwin, founder of Congruent Investment Partners. “We know the business extremely well from our experiences over the last five years. and were previously lenders to the company dating back to 2015. And the rest was history, as they say.After filing for bankruptcy in June, BarFly Ventures LLC announced it has sold its assets to Congruent Investment Partners and Main Street Capital.Ĭongruent and Main Street won with a bid of $17.5 million, acquiring the assets through a new operating company, Project BarFly LLC.īoth companies focus on investing in growth-oriented small businesses across the U.S. Soon more breweries began popping up offering tasty cold beverages in the one of the coldest cities in the US. The poll results went viral, spreading like wildfire through craft brew snobbery faster than handlebar mustaches and suspenders in a Nashville airport.Īnd Grand Rapids decided to double down on this victory (if you can call a tie, victory) by using this to draw tourism to the city. But, an informal poll was published where Grand Rapids came out in a tie with Asheville, NC. 15+ breweries (stalwarts like Vivant), putting out great beer. Prior to 2012, there was a pretty steady beer scene in Grand Rapids. By last count there were 37 breweries in Grand Rapids. You don’t get named Beer City, USA two years running if you don’t have a dope beer scene and Grand Rapids has some of the best breweries around. A quick flyover of the beer scene in Grand Rapids from 10,000 feet (this is a travel blog after all). Don’t worry, the Grand Rapids Breweries and their delicious brews are up next. I know…you are probably thinking I NEED a nice beer from one of those Grand Rapids Breweries right now – especially after having to slog through a history lesson. Grand Rapids appears to be one of those great “ little cities” that continues to rise in popularity and purpose.
#Hopcat grand rapids address full
The downtown area of Grand Rapids has experienced a revitalization in the last few years becoming quite the hangout with upscale bars, hipster pubs, and other attractions that draw folks back into the city and I experienced this during my trip there (it was a vibrant downtown – full of lots of young people!).
and there is a great museum in the city featuring the 38th president. Grand Rapids is also the home of US President Gerald Ford. According to the 2010 census 188k people live in this western Michigan town that is traditionally known for its furniture. Grand Rapids is the 2nd largest city in the great state of Michigan (something I did not know!). So…sorry…not sorry…but you are stuck with a history lesson on Grand Rapids, MI (albeit a short one…I tried to be good). Listen, I was a history major once and it’s simply in my nature to learn about the history of a place before, during and after I visit. Grand Rapids and the Grand River (Photo Credit: Jerry Hamburg) Super Quick History of Grand Rapids, Michigan