High Sierra Brewing Hopes Investors Can Save Brewery

Company is in debt because their rent is too high.

Courtesy of zastavki

CARSON CITY, Nev.-- Just months after being recognized as having one of the best beers in the nation, High Sierra Brewing Company is being forced to serve their last pint. The reason? The cost of doing business has gotten too high.

There is still a chance to keep Carson City's most recognized brewery open, but it's a long shot.

"If we don't get a desperately needed cash infusion. Between $300,000 to $400,000 between now and the end of the month, we're closing," said Jim Phalan, Owner of High Sierra Brewing Company.

The announcement comes as a bit of a surprise because High Sierra's beers have been doing so well.

"This is definitely a multi-million dollar a year business and we are exploding. It's happening right now," said Phalan.

Back in October, their Buzzed Bee Honey Ale won a gold medal at the Great American Beer Fest. Business was booming before, it's only gotten busier since.

The recent success of the business is actually causing its problems. The rent on this building is based on income, so the more success they have, the more their rent costs. Ultimately putting them into debt.

Even with a cash infusion, the bar in downtown Carson will disappear. The owner of the building has plans to renovate and all tenants will be kicked out by June 30th.

The wildly successful brand still has a chance. Owner Jim Phalan wants an investor to help pay for a new brewhouse, but the clock is ticking. With debt piling up, a decision has to be made by the end of the month.

"You believe in it so much but at the end of the day you've go to live. So if it does not happen on the 29th (of March), unfortunately it does not happen.

The owner says he saw the problem developing several months back and he tried to buy the building but his offer was refused. If closing shop is the end result, 30 people will be left without a job.


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