Debt Drives Speakeasy Out of Business, Effective Immediately

The local beer company says its remaining inventory has hit stores, so if you're a fan we suggest you pick up that last sixpack.

\(Photo courtesy Speakeasy)

After 20 years of brewing beer in San Francisco, Speakeasy Ales & Lagers announced Friday that they’re shutting their doors for good — immediately. 

Our sister publication the Examiner broke the news, after a Facebook post and news release were posted by the company. 

“Speakeasy Ales & Lagers has been forced to immediately cease brewing, packaging, and tap room operations at their San Francisco brewery for an indefinite period of time,” the news release stated. “Difficulty securing capital investment and outstanding debt obligations led to this difficult and painful decision. The company’s primary creditor will determine the future of the brewery and brand, and no decision or further information is available at this time.”

Speakeasy has been “defiantly producing small batches of beer in a secret warehouse in San Francisco’s long forgotten Butchertown District,” since 1997. Their beers, with signature 1920s illustrations, can be found at almost any corner store in the city.

“The remaining inventory of Speakeasy Ales & Lagers beer has been shipped to distributors and will be available in local and international markets while supplies last,” states the company.

In a city where everyone loves to collect scarce beer, we can make a safe bet that Big Daddy IPA will be flying off the shelves all weekend. 

 

 

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