{"id":4179,"date":"2019-07-02T06:00:33","date_gmt":"2019-07-02T11:00:33","guid":{"rendered":"http:\/\/www.beerbusinessunplugged.com\/?p=4179"},"modified":"2019-06-29T16:05:11","modified_gmt":"2019-06-29T21:05:11","slug":"if-it-doesnt-matter-who-wins-or-loses-then-why-do-they-keep-score-2","status":"publish","type":"post","link":"https:\/\/www.beerbusinessunplugged.com\/?p=4179","title":{"rendered":"If it doesn’t matter who wins or loses, then why do they keep score?"},"content":{"rendered":"\n
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“Also last Friday, the state of Texas filed a tax lien against Celis Brewery\u2019s parent company, FFBC Operations LLC (which also operates as Flemish Fox Brewery & Craftworks LP).
Christine Celis, who\u00a0<\/em>resurrected<\/em><\/a>\u00a0her late father Pierre Celis\u2019 long-shuttered brewery in 2017, did not return requests for comment.
Messages left for representatives from Amplify Credit Union and Streusand, Landan, Ozburn & Lemmon LLP were also unreturned.
Additionally, Celis is facing a trio of liens filed earlier this year against the company for thousands of dollars in unpaid construction and electrical work.
In an \u201caffidavit claiming lien\u201d dated February 1, Hill Morrison of Hill Morrison Construction Services claims that Celis owes \u201cat least $271,872.81\u201d for the construction of a beer garden and remodeling work.
According to a second \u201caffidavit claiming a lien,\u201d dated March 15, R&M Electric owner Rick Hendrick said his company is owed $8,211.85 for electrical work done at Celis in November 2018. Also on March 15, Elliott Electric Supply Inc. filed a \u201cmechanic\u2019s and materialman\u2019s lien affidavit\u201d seeking $5,058.80 from FFBC for materials provided to R&M for work done from October to December 2018.
As\u00a0<\/em>Brewbound reported<\/em><\/a>\u00a0in May, rumors of financial struggles, layoffs, and a potential bankruptcy filing dogged Celis throughout the beginning of 2019. At the time, a new investor group was considering acquiring the distressed brewery. Sources told Brewbound then that the Celis operation was in trouble soon after opening in 2017, after overspending on a 50,000-barrel brewery in northwest Austin and relying on financial models that required high double-digit, year-over-year growth in order to service debt.
Last year, Celis\u2019 production increased 320 percent, to 11,339 barrels of beer.
According to a \u201cmodification and extension agreement\u201d filed with the Travis County Clerk\u2019s Office this past April, Flemish Fox Brewery & Craftworks reached an agreement with Amplify Credit Union to suspend payments on the principal $5.3 million note it first took out in March 2016, from February 1 through July 1, 2019. The company was to resume payment on August 1, with the total balance to be completely repaid by September 1, 2037.”<\/em>

The above is from Brewbound<\/em>, at the time of this posting, Celis has not filed for bankruptcy, however, it is expected to do so soon.


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