A 6-year-old brewery in Greenwood Village is getting new owners.
Jake Minturn and Doug Hyndman, owners of Downhill Brewing in Parker, are acquiring Peak View Brewery at 9672 E. Arapahoe Road, public records show.
According to a liquor license application submitted to Greenwood Village, which BusinessDen obtained in a records request, Downhill is purchasing the brewery for $410,000. The lease for the 4,100-square-foot space was transferred to Downhill in August.
The Greenwood Village City Council approved the duo’s application for a brewpub liquor license, but city licensing specialist Jackie Edwards said it has not been issued yet because a state license has yet to be approved.
Minturn declined to comment, citing the pending state license application.
Edwards said that Peak View is open and operating under the manufacturing liquor license that the business already had.
It’s unclear if the sale of the business has already closed or when it will. Edwards noted that in some cases like this, buyers and sellers will wait for all licenses to be issued before transferring ownership.
This is Minturn and Hyndman’s second brewery buy. Downhill Brewing is the rebrand of Elk Mountain Brewing, which the pair bought in 2017.
Peak View founders Sean Peters and Justen Coulfal met in college and opened the brewpub in 2017, thanks in part to $15,000 they raised on Kickstarter, according to the brewery’s website. Peters declined to comment.
Peak View has 17 taps and offers beer such as a French pilsner, a hazy IPA and a Scotch ale. Its specialty beers include an apple pie cream ale, strawberry and vanilla sour ale, and a banana cream ale.
Minturn and Hyndman met after colliding into each other on the mountain, skiing and snowboarding respectively, according to the website. The pair ran into each other later in the lodge, apologized and got to talking about craft beer. By the end of that day, they’d decided to go into business together.
Both had experience in the beer world. Minturn was formerly the taproom manager at Edgewater’s Joyride Brewing and Denver’s Copper Kettle Brewing, according to the Downhill Brewing website. Hyndman studied at the American Brewers Guild and worked at breweries like Ska Brewing, Rock Bottom Denver and Dry Dock.
According to Westword, they rebranded Elk Mountain to Downhill Brewing as a “nod to the way they met on the slopes.”
Minturn addressed the future of Peak View only briefly at the December City Council meeting, saying the new owners will keep all 15 Peak View employees and plan to expand food offerings, such as adding thin-crust pizza to the menu.
This story was reported by our partner BusinessDen.
A 6-year-old brewery in Greenwood Village is getting new owners.
Jake Minturn and Doug Hyndman, owners of Downhill Brewing in Parker, are acquiring Peak View Brewery at 9672 E. Arapahoe Road, public records show.
According to a liquor license application submitted to Greenwood Village, which BusinessDen obtained in a records request, Downhill is purchasing the brewery for $410,000. The lease for the 4,100-square-foot space was transferred to Downhill in August.
The Greenwood Village City Council approved the duo’s application for a brewpub liquor license, but city licensing specialist Jackie Edwards said it has not been issued yet because a state license has yet to be approved.
Minturn declined to comment, citing the pending state license application.
Edwards said that Peak View is open and operating under the manufacturing liquor license that the business already had.
It’s unclear if the sale of the business has already closed or when it will. Edwards noted that in some cases like this, buyers and sellers will wait for all licenses to be issued before transferring ownership.
This is Minturn and Hyndman’s second brewery buy. Downhill Brewing is the rebrand of Elk Mountain Brewing, which the pair bought in 2017.
Peak View founders Sean Peters and Justen Coulfal met in college and opened the brewpub in 2017, thanks in part to $15,000 they raised on Kickstarter, according to the brewery’s website. Peters declined to comment.
Peak View has 17 taps and offers beer such as a French pilsner, a hazy IPA and a Scotch ale. Its specialty beers include an apple pie cream ale, strawberry and vanilla sour ale, and a banana cream ale.
Minturn and Hyndman met after colliding into each other on the mountain, skiing and snowboarding respectively, according to the website. The pair ran into each other later in the lodge, apologized and got to talking about craft beer. By the end of that day, they’d decided to go into business together.
Both had experience in the beer world. Minturn was formerly the taproom manager at Edgewater’s Joyride Brewing and Denver’s Copper Kettle Brewing, according to the Downhill Brewing website. Hyndman studied at the American Brewers Guild and worked at breweries like Ska Brewing, Rock Bottom Denver and Dry Dock.
According to Westword, they rebranded Elk Mountain to Downhill Brewing as a “nod to the way they met on the slopes.”
Minturn addressed the future of Peak View only briefly at the December City Council meeting, saying the new owners will keep all 15 Peak View employees and plan to expand food offerings, such as adding thin-crust pizza to the menu.
This story was reported by our partner BusinessDen.