Crate Brewery crowdfunds to house zero-waste eatery Silo
Crate Brewery has launched a £500,000 crowdfunding campaign to finance a major refurbishment of its Hackney Wick home.
The changes would allow zero-waste Brighton restaurant Silo to extend into London, and Silo founder, Doug McMaster, would be able to host workshops in a newly-created space next to the restaurant.
Crate’s founders, brothers Tom and Jess Seaton and Neil Hinchley, have turned to Crowdcube to help raise funds for expanding the business. In addition to Silo the plans include 1,000 sq ft of "affordable workspace" designed as an incubator for small businesses. A micro-brewery for small batch brews and experimentation is also part of the plans.
The company achieved £3.95 million turnover for the full year of 2018, with pre-tax profits of £88,000. Throughout 2018 it sold 1 million pints of beer and 120,000 pizzas through its Hackney Wick headquarters.
Crate was founded in 2012 with the aim of creating “the ultimate craft beer and food experience”. The brewer has recently secured a national listing in almost 1,500 stores and it is seeking funding to extend its reach across the UK.
Its crowdfunding pitch states: “We wanted to create a place where people would come and be free to enjoy themselves – to drink, eat, dance, connect and share in an environment that was stimulating and fun. We opened Crate, a micro-brewery and pizzeria, producing full-flavoured and accessible beer alongside hand-rolled pizza.
"We now have the chance to turn our already wonderful space into a true mecca for craft beer fans and a proper hub for creativity.
"Your investment will allos us to add a brewery for experimentation and innovation where we can let creativity run wild; open a restaurant with dishes inspired by a new culinary thinking; open an events space and launch a year-round programme of cultural events; transform our taproom from 4,000 to 8,000 square feet; and build 1,000 square feet of affordable workspace to act as an incubator for talent.
“We recently invested in sales and marketing heads and extended the lease on our venue, the White Building, to set the foundations for growth.”