The company’s operations in San Diego County are significant with 213,000 barrels produced, $135 million in revenue and nearly 1,000 employees. It took seventeen years to get there. If Stone has its way, however, it will only take four years to pass $100 million in revenue with the new brewery.
“Capital expenditures are projected to well exceed $20,000,000 for the initial phase of the business plan. Production is projected to exceed 120,000 barrels in the first phase and eventually scale to nearly 500,000. Payroll will grow in number to the low to mid-hundreds with a balanced mix of exempt and non exempt employees as the operations expand. Revenue projected from the facility will exceed $100M in year four and grow over time into hundreds of millions annually.”
Stone is open to building or buying an existing building. The estimated square footage needed is between 130,000 and 220,000.
Also noted in the RFP is that Stone would like to continue the “World Bistro and Gardens” concept it has going back home so that would be just another reason that a warmer climate may have the advantage.
Stone is taking applications for one more week with the deadline set at March 15th and plans to identify the location in 2014.
As mentioned above, Stone is also looking to open more Stone Company Store locations…but where?
The first site guideline reads, “Within, or in close proximity to, major metropolitan areas and/or areas favored by sophisticated and discerning travelers and craft beer enthusiasts.” Co-founder, Greg Koch, even told Eater back in January that “we’re not looking to do more of them in San Diego.” Minneapolis? Austin? Denver? Seattle? New York City? A Stone Company Store could be coming near you.
Stone still has an RFP published on its website for a European brewery though that project has been open for over three and a half years.