Brew raised £180k on Crowdcube in 2015. Now, having failed to open a second unit as planned, failed to raise more cash, they are closing the one unit they opened only a year ago for refurbishment; over the whole summer!
Does that make any sense? What did they use for the shopfit? How long does it take to refit - 5 months? Must be using Sloth and Sons - The Throw Away Slow Build Shopfitters - motto 'We Hang Around - a lot.''
Accounts are overdue and we think they will stay that way. The Crowdcube projections had them on revenues of £2.5m and net profit of £350k by now. Im pretty sure closure for refurbishment wasnt in the plans. Well done everyone.
They have shared in the last email that they are closing the business.
ReplyDeleteThey actually closed last September, and the shop has sat shuttered since. It was open for five months.
ReplyDelete