'Rising costs' force Seven Bro7hers to shut site
The family-owned brewery in Salford operates seven sites, including locations at Halifax and Manchester Airport, and a brewery and taproom in Weaste.
It produces beers such as Juicy IPA (6% ABV) and Passion Fruit Pale (5% ABV).
Seven Bro7hers chief executive Keith McAvoy said: “In this current economic climate we have to consider our business as a whole and review the success and affordability of all of our sites – we have now taken the unfortunate decision to temporarily close our Liverpool Beerhouse."
'Not sustainable'
He continued: “With rising costs, inflation, and the lack of government support for the hospitality sector, for the time being remaining open isn’t sustainable.
“We feel very fortunate to have opened a bar in Liverpool, and from day one have felt welcomed with open arms by the city – therefore we have not ruled out reopening in the future."
“For now, we want to thank everyone who has supported the beerhouse to date and our incredible staff. We ask people to watch this space and support local hospitality businesses at this time.”
The brewery was started by seven brothers in 2013.
Pushed into insolvencies
Last year, research from Price Bailey revealed nearly as many craft breweries went out of business in the first half of 2023 as the whole of last year due to a surge in interest rates.
The figures, obtained from the insolvency service firm under the Freedom of Information Act, showed 35 breweries became insolvent during the first six months of the year, compared with a total of 38 throughout the whole of 2022.
Price Bailey head of insolvency and recovery Matt Howard said: “Many breweries were walking a balance sheet tightrope and have been plunged into the red by a combination of soaring overheads and falling demand for premium brands.”
