TAMPA, Fla. — Business is hopping for local craft brewer Dunedin House of Beer. The brewery, located at 927 Broadway in downtown Dunedin, recently purchased a 6,000-square-foot industrial space to house a new brewing system that will increase production fivefold in the coming year.
American Momentum Bank’s Small Business Administration (SBA) Division is financing the expansion with a $1.25 million small business loan. The loan allowed Dunedin House of Beer to purchase the property, located directly behind the taproom at 324 Monroe Street, as well as a 10-barrel brewing system that will be installed in the new space. Previously, the brewery was leasing the space from the seller to house a two-barrel system. The sale price was $1.1 million.
“Right now, I can’t make enough beer to satisfy the demand in our Dunedin taproom, let alone our other locations,” said Andy Polce, owner of Dunedin House of Beer. “This new system will increase production and will allow us to keep more beers on tap and also distribute to other bars around town.”
Construction is currently underway on the property and is expected to be complete at the end of January. Looking ahead, Polce plans to create a taproom experience in the new location with outdoor patio space on the Pinellas Trail.
“Our first priority is to increase production,” said Polce. “Once that’s complete, we’ll focus on building our beautiful new taproom. With all of the growth that’s happening in Dunedin, we’re thrilled to have three-quarters of an acre in the heart of this development. The land itself is hugely attractive and we’re excited to move into this bigger space.”
With more than enough room to grow, the brewery is also looking to lease out space in their new location. Potential tenants have already expressed interest in the space, including Grace Church of Dunedin. The church is currently meeting at Dunedin High School, but is looking for a space in the downtown area.
“This is an exciting time for Dunedin House of Beer and we are thrilled to work with them on their expansion,” said Patrick Fenech, Senior Vice President and Managing Director of SBA Lending for American Momentum Bank. “As a company, we believe in their brand and we look forward to a long-term business relationship.”
About American Momentum Bank
American Momentum Bank (AMB), with total assets of $1.1 billion as of Sept. 30, 2016, provides comprehensive products and services for businesses and individuals. The bank, which was founded in Tampa in 2006, has 15 full-service banking centers in Florida, including six in the Tampa Bay area. While AMB’s charter is in Bryan/College Station, Texas, all key functions of the organization – credit, deposit operations, compliance, accounting, IT and others – are based in Tampa.
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