Grain Bin Brewing Company Inc.

by DALEN LANDIS


LENDRS

7

FUNDED

$12500 (100%)

DAYS LEFT

Ended

Our Story


Behind every good craft beer, there’s a communitySeasonal Beer

Grain Bin Brewing Company is a community-driven craft brewery in Grande Prairie that proudly offers a select line of high-quality flagship beers, as well as locally inspired seasonal brews. The company’s small-batch mindset allows it to create the freshest beer with the greatest variety for its growing community of customers and supporters. As it prepares to expand and move into its new location in September, it continues to excite the community with beers like it’s ‘democracy series’ label where people vote on the ingredients that make up the final brew.

 

Our Story

It’s not everyday that a hobby turns into a business. For the six shareholders at Grain Bin Brewing Company, this actually happened three years ago.

Dalen Landis, a Grande Prairie local and one of the company’s six owners, started home-brewing beer after he was out of high school. He moved, completed a Fine Arts degree, got married, worked as a tile setter in the custom flooring industry, took on fine-art jobs on the side and started raising a family. In between all that, he still found a bit of time to brew a nice, cold one. It was hard to find enough time though, so he got together with his friends— Brad Hansen, Carson Siebert, Scott Roessler, Arnold Wiebe and Daniel Hildebrandt—and they ended up taking turns brewing, splitting the time and sharing the cost of equipment.

When the law changed in Alberta around the minimum volume required for a commercial brewery license, the group of friends got more serious about their hobby. However, their goal wasn’t to start a brewery. They just wanted to produce more beer than they were and of the types they liked, all while keeping it a hobby. But other friends urged them to take the leap. They did some calculations and saw that it might be feasible. They took the plunge, leased some space, ordered equipment, set up a small bottling line and branded themselves with a name that reflected where they came from, but didn’t limit them geographically (they were all from the Peace River region in Grande Prairie). And thus was born Grain Bin Brewing Company.tropical sour

They focused on producing “beer for the people” through their democracy series. Because of their size and volume, they could experiment more regularly and produce smaller batches. They wanted to see what other people were interested in drinking and let them decide what was important to them. People could go online and vote for the next style of beer that the company brewed through this label series. It’s become more than just about the company.

Community was another focus of their beers. They wanted to produce a high-quality product, a really good beer, for people to enjoy. At the same time, they also wanted to help the community and give back to everyone who supported them. “We feel it’s their brewery, too,” says Dalen. Their community beer program involves the charitable organization coming in and designing a beer with them down to the label and name. When the beer sells, the organization gets to keep the proceeds. Sales aren’t huge but the awareness is great as the organization is exposed to a community of supporters that they may not usually be exposed to.

Overall, the company’s goals remain simple and straightforward: continue to think long term, continue to make decisions that make fiscal sense and that the company can afford, be financially sound and get to take on more community requests and campaigns. And of course, always continue to experiment and make good-quality craft beer.

The plan also remains to grow the company at a steady pace. The company has been successful so far thanks to its low-risk decisions, the skill and experience of the shareholder team and the community’s support.

 

The Next Big StepDemocracy Beer

The company has always been purposeful and steady in its growth. Its next step now is to move into the new, more central location in Grande Prairie, which is slated to open in September. As part of the expansion strategy, the new location will feature upgraded equipment and services. The company is focused on wholesale currently but is planning to open a retail location as part of their expansion. It’s hoping to raise $100,000 through the loan with ATB LendR. This loan would help the company:

-Transition to the new location

-Offset the additional costs around setting up the new retail location

-Upgrade to larger equipement

 

 

Team


Dalen Landis

Dalen, a shareholder and previously a tile setter himself, is the company’s brewmaster and sole full-time employee.

Brad Hansen

Brad Hanson, the land developer, offers his vast experience and network of trade contacts if ever GBBC needs it.

Carson Siebert

Carson Siebert, the homebuilder, is also an entrepreneur who knows how to run a financially sound business and manage business expectations.

Scott Roessler

Scott Roessler, the engineer, is designing the company’s new location from top to bottom. He has already developed key relationships with city managers, councillors and inspectors through his other work for the city.

Arnold Wiebe

Arnold Wiebe, a professional tile setter, is another entrepreneur and often lends a hand around the brewery.

Daniel Hildebrand

Daniel Hildebrand, is a tile setter supervisor. He currently helps GBBC with its promotional materials and tradeshows.

Lending Profile


nAbout the Business

Grain Bin Brewing Company Inc.

10032 101 Avenue

Grande Prairie, AB

T8V 0Y1

info@grainbinbeer.com

780-380-6532

Grain Bin Brewing Company Inc. is an Alberta Corporation.

Key Personnel

Engineer, home builder, land developer, tile setters—the company’s six shareholders all have different backgrounds and experiences, but they all hail from the same place, the Peace River region in Alberta. What brought Brad Hansen, Carson Siebert, Scott Roessler, Arnold Wiebe, Daniel Hildebrand and Dalen Landis together was their geography and a common hobby. Their hobby of brewing homemade craft beer turned into a passion over time. Although they pursued other “real” careers, they always found themselves coming back to their passion. This passion has turned into a steadily growing business. With Dalen as the company’s sole full-time employee and the rest of the team supporting him, the company hopes to continue expanding by brewing good beer and long-term goodwill with the community that continues to support them.

Description of Business

Grain Bin Brewing Company is a community-driven craft brewery in Grande Prairie that proudly offers a select line of high-quality flagship beers, as well as locally inspired seasonal brews. The company’s small-batch mindset allows it to create the freshest beer with the greatest variety for its growing community of customers and supporters. As it prepares to expand and move into its new location in September, it continues to excite the community with beers like it’s ‘democracy series’ label where people vote on the ingredients that make up the final brew.

Use of the Funds

The company has always been purposeful and steady in its growth. Its next step is to move into a new central location in Grande Prairie, which is slated to open in September. As part of the expansion strategy, the new location will feature upgraded equipment and services.

The company is focused on wholesale for now but is hoping to have a retail component as part of its new location. It’s hoping to raise $100,000 through the loan with ATB LendR. This loan would help the company:

-Transition to the new location

-Offset the additional costs around setting up the new retail location

-Upgrade to larger equipement

Terms of LendR Loans

Loans will have a term of 2 years (24 months), beginning after the loan is successfully funded. Grain Bin Brewing Company will repay the principal plus 15% interest, calculated as a blended loan. Grain Bin Brewing Company will make monthly payments of 1/24 the total repayment amount. If Grain Bin Brewing Company chooses to repay the loan early, the principal plus the full interest remaining in the 24-month period must be paid.

Risk Factor

Grain Bin Brewing Company has been in business for 3 years. There are financial, operational, and market risks for any business. Some that apply specifically to this business include:

● Production/Manufacturing errors, issues, problems can unexpectedly arise and impact quality of final product (i.e., risk of losses due to product not meeting standards)

● Current production sizes doesn’t allow for a cushion or buffer in case there are production errors or issues, expanding to a larger facility will give them this flexibility

Certificate

This lending profile does not contain a statement that, in a material respect and at the time and in light of the circumstances in which it is made, is misleading or untrue and it does not fail to state a fact that is required to be stated or that is necessary to make a statement not misleading.

Certified as of: May 2, 2018

By: Dalen Landis

 

 



Launched: 14-May-2018
Funding Ends: 14-Aug-2018
Amount Required: $12500
Term: 24 months
Interest Rate: 15%

Campaign Funded

Campaign by

Grain Bin Brewing Company Inc.

http://www.grainbinbeer.com/
Grande Prairie