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(National Journal)   Would you pay $1000 to get free beer for life? Hell yeah, that's like my budget for a week and a half   (nationaljournal.com) divider line 58
    More: Spiffy, beer brewing, Minnesota's Twin Cities  
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8874 clicks; posted to Main » on 29 May 2014 at 5:48 PM (51 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



58 Comments   (+0 »)
   
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2014-05-29 04:49:13 PM  
Reminds me of that brewpub in Missoula that will refill a mug for a dollar, they were very limited edition and are now prized and traded among beerhounds for up to $1,000.  Wish I could remember the name of that brewery.  They made some tasty suds.
 
2014-05-29 05:52:26 PM  
If you have to pay $1000, then it's not free.

/still a helluva deal, though
 
2014-05-29 05:52:44 PM  
Hero tag broken?
 
2014-05-29 05:53:47 PM  
I wish I'd known about this deal when it was available, because Northbound has become one of my favorite places in the Twin Cities to get a beer. I'm pretty particular about my brews, and never once have I had a Northbound pint that wasn't excellent. Their Smokehouse Porter in particular is tremendous - none of the ridiculous adjuncts all the "hip joints" are throwing into their beers these days, just straight-ahead premium beer. TC Farkers, if you've not yet been, GO! It's just off Hwy 55 on 38th.

Say that reminds me...I gotta get that growler refilled...
 
2014-05-29 05:53:58 PM  
Yes. Next question.
 
2014-05-29 05:54:09 PM  
Look forward to the follow up about a year from now where the owner "just can't afford to keep going", and then mysteriously retires to a nice house on a beach somewhere...
 
2014-05-29 05:55:01 PM  
For the life of their business.

And if they need to come up with schemes just to come up with seed money, it won't be a long life.
 
2014-05-29 05:55:19 PM  
The question is, can you drink 1000$ worth of beer before the bar goes out of business?

A bar that's giving away free beer to a large group of individuals for life, how could that ever go out of business?
 
2014-05-29 05:55:36 PM  
I live in the twin cities and have never heard of this place. I think you better have a very short life expectancy for the "for life" portion of this.

/not trying to say I know of every establishment or that I am the authority on bars and restaurants.
 
2014-05-29 05:55:46 PM  
Throw in a beej and we have a deal!
 
2014-05-29 05:56:40 PM  

MattyBlast: If you have to pay $1000, then it's not free.

/still a helluva deal, though


Hell, since you also receive 0.1% equity in the company, one might even recoup the investment over time.
 
2014-05-29 05:59:40 PM  
Yes and my investment would pay dividends in less than a year.
 
2014-05-29 06:00:21 PM  
Actually the bank will probably withdraw the loan, when they hear about how the company managed to get their seed money. I doubt this guarantee was in the business plan that was pitched to the bank.
 
2014-05-29 06:00:28 PM  

PawisBetlog: Look forward to the follow up about a year from now where the owner "just can't afford to keep going", and then mysteriously retires to a nice house on a beach somewhere...


FTA: "Northbound has now been open for almost two years and is thriving. The investors didn't drink them dry. The restaurant is giving away some 17 beers a day, and the cost is low, at just 40 cents a beer. Plus, investors aren't just going to the brewpub for a beer by themselves-they order food, bring people, or maybe order a scotch after dinner. For the investors, it's also about the sense of ownership. Or, as Johnson explains, "We have an army of over 100 people who are our cheerleaders."
 
2014-05-29 06:01:36 PM  
Free beer for life, Or free beer till bankruptcy claims another restaurant?  It could be for life or six months, depending if Ramsey can save it.

/the last part was snark
 
2014-05-29 06:03:08 PM  
FTFA: The restaurant is giving away some 17 beers a day, and the cost is low, at just 40 cents a beer.

maybe they did think their cunning plan through.....
 
2014-05-29 06:03:27 PM  

lack of warmth: Free beer for life, Or free beer till bankruptcy claims another restaurant?  It could be for life or six months, depending if Ramsey can save it.

/the last part was snark


Shut it down! Shut it down f'in now you donkey!
 
2014-05-29 06:09:29 PM  
It costs me $8 to make 22 litres, so $1000 is 2875 litres.

That's about 2 years worth, which is likely the life expectancy of this business.

Yup - it's an acceptable deal.
 
2014-05-29 06:09:50 PM  

Rigby-Reardon: I live in the twin cities and have never heard of this place. I think you better have a very short life expectancy for the "for life" portion of this.

/not trying to say I know of every establishment or that I am the authority on bars and restaurants.


Don't get out much, do ya? There was a big to-do in the City Pages - and Vita.MN, too, if memory serves - when they opened, and as the article and other posters have noted, they've been going strong for almost 2 years. I've never been in there when it's not nearly full to burstin', so I'm guessing they're not hurting for clientele or cash.

Or do you stay in Northeast?

Try it. The food is good and the beer is truly excellent. It's not expensive, either.

For my money, Northbound's beer kicks Herkimer and Harriet out of the water, and is at least on par with Town Hall and Great Waters. I'll be going back soon, no doubt.
 
2014-05-29 06:11:02 PM  
I want a royalty for every beer served. 25 cents per mug until I get my $1000. Then the royalty slides to 15 cents per mug in perpetuity.

/Oh yeah? You're dead to me.
 
2014-05-29 06:12:17 PM  

Rigby-Reardon: I live in the twin cities and have never heard of this place. I think you better have a very short life expectancy for the "for life" portion of this.

/not trying to say I know of every establishment or that I am the authority on bars and restaurants.


They have you killed when the business gose under. That way, there is no messy outstanding contractual arrangements to deal with.
 
2014-05-29 06:13:24 PM  
axeeugene:

Say that reminds me...I gotta get that growler refilled...

The fark... I had to look up what a growler was.
Meant something different to us as teenagers: http://www.urbandictionary.com/define.php?term=Growler
 
2014-05-29 06:13:47 PM  
in my early 20's I would jump on this offer
I could have made my money back in months at my favorite pub.
Now it would take years now that I'm older and don't drink to get drunk anymore.
 
2014-05-29 06:14:29 PM  

skinink: Throw in a beej and we have a deal!


OK but you have to get it from her
www.theblaze.com
 
2014-05-29 06:15:13 PM  
And then came the idea from some friends and family who wanted to help out. "They were, like, 'I've got a few grand, but I don't have too much money,' " Johnson recalls. "And people kept saying this over and over, and we latched onto the idea. Why not just take a couple grand from everybody and then we'd have all the money we'd need?"

Congratulations, you just invented Kickstarter.
 
2014-05-29 06:21:42 PM  
Depends on the type of beer, but that could pay for itself before the end of the year.
 
2014-05-29 06:22:09 PM  
serial arseonist:
The fark... I had to look up what a growler was.

A quick snap of my precious collection:
i324.photobucket.com
 
2014-05-29 06:26:15 PM  
It's actually $1000 for free beer for the rest of your life, or until the company goes out of business. Whichever comes first. And depending on which of them comes first, it could be a great deal or a waste of money.

You pay your money, and you take your chances.
 
2014-05-29 06:26:20 PM  
Do I look gay?

Give me two, in case I was seconds.
 
2014-05-29 06:27:14 PM  

Smeggy Smurf: skinink: Throw in a beej and we have a deal!

OK but you have to get it from her
[www.theblaze.com image 480x368]


You are a very horrible person
/BTW I'm going to hell with you for laughing
 
2014-05-29 06:29:23 PM  
Smeggy Smurf: skinink: Throw in a beej and we have a deal!
 
OK but you have to get it from her
[www.theblaze.com image 480x368]



i58.tinypic.com
/I'll just close my eyes
 
2014-05-29 06:29:59 PM  

Epic Fap Session: Yes. Next question.


same. Yes. Of course. I can make that deal pay.

Sign me up.
 
2014-05-29 06:30:34 PM  

Smeggy Smurf: skinink: Throw in a beej and we have a deal!

OK but you have to get it from her
[www.theblaze.com image 480x368]


Meh, had worse.
 
2014-05-29 06:35:38 PM  

drjekel_mrhyde: Smeggy Smurf: skinink: Throw in a beej and we have a deal!

OK but you have to get it from her
[www.theblaze.com image 480x368]

You are a very horrible person
/BTW I'm going to hell with you for laughing


Thank you, I do try my best to keep things as farked up as possible
 
2014-05-29 06:39:12 PM  
I have spent tens of thousands on beer and liquor in my life. I would jump on this.
 
2014-05-29 06:39:39 PM  
I work one block from a brewpub--too bad a deal from TFA wasn't available when they opened.  One beer per weekday for one year, and you start truly drinking for free.  Not a bad deal.
 
2014-05-29 06:43:28 PM  

Smeggy Smurf: skinink: Throw in a beej and we have a deal!

OK but you have to get it from her
[www.theblaze.com image 480x368]


Dang. How'd you get that thing out of it's lodge
 
2014-05-29 06:45:10 PM  
can i get 1000 friends together with 1$ each and register as a corporate person?

other than a few checks against the minority of people who'd abuse the service, say, letting members get voted out by 60%+ of the membership base, they thought their cunning plan through more than many will give them credit for
 
2014-05-29 06:48:34 PM  
a very horrible person

When the army tells people about the pub, does it have to disclose it was compensated in beer?

If one of the army drinks too much beer then crashes the car with two people he brought to the brewery, will the victim injured in the crash sue the brewery saying the army was like their employees?

hashtag slash how horribler
 
2014-05-29 06:49:47 PM  
BUT... if you ever knowingly give one sip of your free beer to anyone else, CONTRACT VOID!
 
2014-05-29 06:50:29 PM  

Cybernetic: It's actually $1000 for free beer for the rest of your life, or until the company goes out of business. Whichever comes first. And depending on which of them comes first, it could be a great deal or a waste of money.

You pay your money, and you take your chances.


I can't seem to find prices online, but it is probably safe to assume their beer is at least $5/beer.  $1,000 only buys 200 beers, which is fewer than 4 beers/week.  Should be no problem at all to recoup the cost in less than a year.
 
2014-05-29 06:52:13 PM  
People who invested $1,000 receive free in-house beer for the rest of their lives, or as long as the place stays open.

Quietly collect 1000 members and move along.

Profit?
 
2014-05-29 06:52:16 PM  

Smeggy Smurf: skinink: Throw in a beej and we have a deal!

OK but you have to get it from her


Yikes! Can she keep a secret?
 
2014-05-29 06:53:45 PM  

trevzie: The question is, can you drink 1000$ worth of beer before the bar goes out of business?

A bar that's giving away free beer to a large group of individuals for life, how could that ever go out of business?


Well, their website says their house brews are $3 each at happy hour so figure at least $5 normally? So who here can drink 200 beers in say a year to break even? Im guessing the pub will still be around that long.
 
2014-05-29 07:02:50 PM  
I wonder when the financial institutions will start lobbying to get the whole crowd funding thing shut down.

It's WAY to good of an idea to actually exist along side banks.
 
2014-05-29 07:04:51 PM  
Also, they should have made all of the positions equitable.  Then there is also an incentive for investors to bring in business and not drink away the profits.
 
2014-05-29 07:06:17 PM  
So, lemme get this straight? Brewery is offering free beer fpr life for $1,000? Hell, I would drink that in a weekend!
 
2014-05-29 07:09:18 PM  
I would put them back out of business in three months.
 
2014-05-29 07:12:57 PM  
Crap, how did I miss this? It's a bit out of the way from me, but I'd make the trek for free beer. Need to read CityPages more...
 
2014-05-29 07:17:35 PM  
People who invested $1,000 receive free in-house beer for the rest of their lives, or as long as the place stays open. People could also receive 0.1 percent nonvoting equity in the company for every $1,000 invested. Or for $5,000, investors get 0.5 percent equity and free in-house beer for life.

Wow - what a great incentive to give that $5K!
 
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