Peach Street Distillers - Local Business Highlight
Late Sunday night we checked into the Wine Country Inn in Palisade, Colorado. We had a quick meal in the hotel’s bar and met Tyler, their bar manager who had a solid knowledge of craft-distilled spirits. After our meal, he and I sampled a little Mancos Valley Distilling Ian’s Alley Rum in the armchairs just outside the bar as I regaled him with Ian’s story about opening a distillery. I invited Tyler and his friends to the Colorado Distillers Festival. We certainly hope they can make it.
A short 15 minute drive east of Grand Junction, Palisade is a mecca for locally-produced food & drink. Fruit & vegetable stands are open for business along the road just off the highway. Things are growing in neat lines all over Palisade, especially vineyards.
Companies in Palisade make wine, beer, and spirits. And that’s just on one block.
Peach Street Distillers is right next to a winery, and down the block is the Palisade Brewing Company. It’s great to see so many people producing booze so close to each other.
I pulled up to Peach Street Distillers about 10am and met head distiller Davy Lindig in their tasting room. Davy is an easy going, soft-spoken, laid back guy who greeted me in shorts, a t-shirt and sandals. A few minutes into our chat, some other dude showed up and brought Davy a bag of large radishes. I guess he was a homebrewer and was there to chat about beer with Davy. When asked about the radishes, the guy remarked, ”Keep them cold and they’re not too spicy.” While they were shooting the shit, I decided to shoot my own shit – I started snapping a few photos around their space.
Davy has been around brewing and distilling for years, and his knowledge of both is impressive. Peach Street is making a big name for itself, even though they’re practicing their craft in a small town. At the 2012 Craft Distillers Conference, Peach Street took home the award for “Distillery of the Year”. Distillery of the Year represents the accolades of a distillery’s entire product line. Peach Street makes a ton of different kinds of booze, including bourbon, brandy, agave, gin, vodka, grappa and other eau de vies.
Peach Street’s facility is made up of a bunch of buildings on one lot. The tasting room is in the front of the lot, along with a large outdoor patio. In the back of the tasting room area are the fermentors & stills that Peach Street uses to make most of their booze. Heading out the door by their medium-sized Christian Carl still, you end up in a courtyard and a few other buildings flanking the open cement area.
In the courtyard is an old fermentor used to cool hot liquids before they drain into the sewer. Beyond that is a 1/2 barrel keg with a column still attached to the top, used to make their gin. Davy makes his gin in the tradition of many of the world’s gin distillers, using neutral grain spirits, diluted to 100 proof. The keg is then placed on top of a burner to get the “NGS” up to temperature to start the distillation process.
On the left of the courtyard is their packaging facility – we saw a few guys filling bottles with bourbon, hand-applying labels meant for Swedish distribution, hand-corking the bottles, dipping them in black wax, and putting them upside-down into cups to cool the wax. Even being one of the state’s larger distilleries, most things around here are still hand-crafted.
Off to the right of the courtyard lies Peach Street’s rackhouse. It’s a well-humidified building with the walls & ceiling lined in wood, and where many of their spirits are now aging in barrels. Davy told me that they currently have more than 200 barrels of Colorado Straight Bourbon aging there right now.
This is quite the booze-producing compound! Peach Street didn’t start out at this size, though. When Peach street opened in 2004, Davy was making the spirits and working the tasting room, while co-owner Rory Donovan was selling the spirits.
I had Davy pour me a few samples, and was thoroughly impressed. I keep a bottle of their Colorado Straight Bourbon in my home at all times, and love the richness of the two-year aged whiskey. The grain bill is 60% Sweet Olathe Corn, 20% rye, and 20% two-row barley. I’ve been highly recommending it to all my friends who are looking for a quality bottle of whiskey to share.
The other spirit that stood out to me was the Jackelope and Jenny Pear Gin. They blend their normal gin with a pear eau de vie and the result is a gin infused with serious amounts of pear character. The juniper comes through so you know it’s gin, but the fruitiness of the pear is a great complement to the piny juniper. I remembered on this trip why I like Gin. While there will be lots more gin to sample across Colorado’s 43+ distilleries, Jackelope & Jenny is now my baseline gin in terms of drinkability and creativity.
Davy was busy that Monday, so I bid him adieu and went off to collect Matt so we could continue our busy day. Before I got back to the hotel, I stopped at one of the fruit shacks and bought some early-season Palisade peaches. We noshed on them throughout the rest of our trip – they were perfectly ripe and were a healthful alternative to the plethora of all the junk you can buy in the many gas stations we’d passed by along the way.
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Starting a Business in Beaver Creek, Colorado:
Are you in the lookout for affordable properties to invest in? Are you new to the real estate business? Buying Business is considered a part of the real estate industry as well as selling or brokering one. If you have answered yes to the previous questions, there is no need to worry. This article will give you ideas on how to scout and buy affordable properties, specifically Beaver Creek ones. Buying a Beaver Creek Business can be quite confusing when you are clueless about what you do. You may even end up losing instead of gaining from buying investment Business that is easy on the pocket. You may have a lot of questions in mind regarding buying properties whether it’s about buying rental Business or buying commercial Business. Below are some of the most common and frequently asked questions about buying Beaver Creek properties and the various kinds of real estate investments that promise a good return.
What Are Beaver Creek Properties?
Beaver Creek properties or repossessed properties are real estate properties that are seized by the mortgage lender (usually the bank) when the mortgage buyer fails to continue paying for the monthly mortgage or the principal of the Business. Beaver Creek properties undergo a legal process before they are declared Beaver Creek and can be seized by the lender. In which case, the borrower will have no other choice but to let the lender re-acquire the Business. The Business is then put back to the market to be sold. Beaver Creek properties are usually categorized as distressed properties because of the legal process they usually undergo and their conditions because of a long period of vacancy.
What Are The Most Common Red Flags That I Must Watch Out For When Buying A Beaver Creek Business?
When it is your first time to buy a Business, let alone a distressed Business, you must always know the red flags before you go straight to having a negotiation with the seller. Red flags that may be shown by a re-possessed Business are (1) liens – which refers to any right or obligation the previous owner has over the Business like payable interests. Liens may be transferred to you when you buy the Business. It is important that you ask the seller about the Business’s liens. To make sure, ask to see the Business’s title and see if there are liens to the Business.
Another red flag is (2) the Business’s physical condition. When buying a Beaver Creek Business, you have to make sure that its condition is still worth its price. Don’t rush to buying a repossessed Business without seeing it personally simply because it is very affordable. You might just end up paying more for repairs and maintenance when it is not in tip-top shape especially when you have plans of flipping it. When buying a Beaver Creek Business, make it a point to personally inspect it (if you have an eye about such matter). You can also ask for the Business’s SPDS or Seller’s Business Disclosure Statement which contains information about the Business’s historical condition like repairs, inspections, and maintenance done. When the seller cannot present you such (there are states that require SPDS) and Business appraisal is not your cup of tea, then you need to have a professional inspector evaluate the Business. He will know if the Business’s price is good as far as its condition is concerned and the necessary repairs that you may need should you buy the Business. This way, you will know if you can make a profit out of acquiring it or you will just spend more on repairs.
Also, (3) if the Business is located in a “ghost town” it might not be a very good investment idea. Especially when you are planning to flip the Business, you will have a hard time finding a buyer for it. Nobody wants to do business or raise a family in a ghost town.
Are Beaver Creek Properties Always Cheaper And More Practical To Buy?
Some Business buyers find repossessed properties very attractive and think that they are great investments whether to turn them into second homes or saleable properties. Some scout for Beaver Creek properties, buy them in the cheap and flip (recondition and re-sell) them. Through such process, they may get up to 50% more than what they have spent on acquiring the Business plus expenses in reconditioning it. However, not all Beaver Creek properties are affordable. Prices may also depend on the current market condition and they could vary from state to state. There are also distressed properties that are “cheap” solely because they are not in great shape. If you buy them, you will just end up spending more than what you will actually spend in buying a non-Beaver Creek Business. This is very important when you have plans to make Business flipping a business.
Which Is A Better Way To Acquire Beaver Creek Business, Self-Financing Or Through A Bank Loan?
When it comes to financing the acquisition of a Beaver Creek Business, you need to take a look at your ability to purchase. Do you have enough cash sitting in the bank to buy the Business? What are you planning to do with the Business, re-sell it or make it into a second home? Is the market in great condition to acquire a Business and flip it? Such questions may reveal hints regarding the best way to acquire the Business.
If you have enough cash and your current financial status is favorable by the bank, you can just take out a loan to buy the Business. If you can sell it fast after a little reconditioning, you can either get a loan or take out your own money for the acquisition. However, when the market is not good for Business flipping, using your own money to buy it will not give you profit. You could have used your money for some other profitable means. Acquiring the Business through a loan will just cost you interest when you cannot sell the Business fast.
How Do I Compute If I Could Make A Profit Or Not Out Of A Beaver Creek Business Acquisition?
When buying a real estate Business, you must always think at the margin. Always think about the profit you are going to make out of the Business acquisition. It is pointless to buy a Business and lose some money out of it. You will most likely make some money from a quick re-sell especially if you have acquired the Business in cash. To compute for the selling price of the Business, know the current market value of Beaver Creek properties. Analyze the condition of the neighborhood. If the neighboring properties have good market prices, you might as well go with their rates. Remember that real estate properties are neighborhood dependent. Add in your acquisition cost, repairs done to the Business, commission, inspection costs, taxes and insurance. Determine a selling price and deduct all the costs from it. The remaining amount will be your profit.
Resources Beaver Creek Business Development
http://vailvalleymeansbusiness.com/doing-business-here/business-resources-2/chamber-resources/
https://blueskylimovail.com/visiting-beaver-creek-colorado/
https://beavercreekresortcompany.com/who-is-bcrc/
https://vailchamber.org/calendar/
https://www.vailvalleypartnership.com/beaver-creek-merchant-association/