Three Creeks Brewing Has Sold Its Brewpub in Sisters as its Production Brewery is For Sale

Earlier this month, Three Creeks Brewing Co. out of Sisters, Oregon announced that its business has been sold. As part of this sale, the brewery’s production facility on the northside of town was not part of the transaction and is now listed on the market.

Three Creeks Brewing opened its doors to its 10-barrel brewpub nearly 16 years ago in 2008. The brewery was founded by Wade Underwood in a budding mountain town just outside of Bend, Oregon. A lot has changed in Sisters over the past 16 years. Sisters is now home to a second brewery, a distillery in town and an influx of residents that keeps this town humming along.

Through the years Three Creeks Brewing has seen its fair share of awards at some of the world’s best beer competitions. This includes six medals, three gold, at the Great American Beer Festival and three awards at the World Beer Cup.

With the sale of the Three Creeks Brewing’s brewpub to Jacob Whitney, a restaurateur with other properties in the Gresham and Troutdale area, the brewery will scale back its operations. Jake will take over from where Underwood left off and will bring a new and reinvigorated focus back to where Three Creeks Brewing planted its roots on the southeast end of town.

Underwood penned this letter to the brewery’s fans on the Three Creeks Brewing Facebook page.

Three Creeks Fans,

It is with great Joy that after 16 years, Three Creeks Brewing Co (the pub) has been sold to a new owner, Jacob Whitney, who will take over operations later this month. Jake is a seasoned hospitality veteran with a track record of success and currently operates five other successful establishments in the Gresham/Troutdale area. Under Jake’s leadership, we are confident that TCBC’s brewpub will continue to provide world class beer and amazing food for our community of fans that we appreciate soo much. Pub Staff will be retained, which was very important to our ownership team, ensuring that TCBC will remain a vibrant part of our community for years to come. Jake not only understands but firmly embraces the small community engagement that Three Creeks has been a proud steward of since inception, and we are excited to have found such a strong, capable individual to take the reins.

Unfortunately, it is also with great sadness that our Production Facility is no longer a tenable endeavor. The production\retail beer industry has been ravaged by challenges the last few years with rising costs, increased competition on multiple fronts, wholesaler consolidations, supply chain challenges and economic strains which all brands are facing. With today’s industry realities in mind, we are simply not able to sustain the production brewing operations to provide beer at retail in our current form. To that end, we will be winding up operations at our production facility in the coming weeks\months while continuing to search for a means to continue the brand at retail if possible.

I’d like to extend A HUGE thank you to all of our staff for the years of making it happen on all fronts, and of course to all of you that supported us through the last 16 years. It’s been a crazy journey!

Cheers,

Wade

What the future holds for the Three Creeks Brewing production facility is now up in the air as this building is now for sale or for lease. Located on the northside of Sisters, near the Post Office and Sheriff Station, the 30-barrel production brewery opened in 2015.

The asking price for the production brewery is $600K. This includes the brand rights, and distribution sales, all brewing equipment, and all tangible assets, as well as intangible assets such as recipes, marketing material, goodwill, TTB and OLCC, county health licensing transition.

But the property the the production brewery sits on has an asking price of $2.4M that includes two parcels totaling 2.11 acres of land. It includes the 9,120 square foot metal brewery that houses the 30-barrel brewhouse and land that has been used to host festivals in the past.

To learn more about the production brewery that is for sale, click here.