Sponsored By

Brew-your-own-beer concept crowdfunds expansion

Hopsters Brewing Company plans first location outside Boston this spring

Joanna Fantozzi, Senior Editor

January 3, 2019

3 Min Read
Hopsters
Hopsters

Hopsters Brewing Company — a two-unit Boston concept that’s part-classic pub and part-brew-your-own beer school — is set to expand to Philadelphia in the spring with help from community support on crowdfunding site Wefunder.  

Lee Cooper, a former financial services professional, opened the first Hopsters in 2013 to marry the small-batch craft brewery atmosphere with a DIY beer-making experience.

“It’s like a cooking class but with beer,” Cooper said. “There’s not many places you can go to make your own beer and eat and drink at the same time. … A lot of people don’t know how beer is made; they don’t know what goes into it. It’s ‘edu-tainment.’”

The beer-brewing experience allows guests to choose from one of Hopsters’ 30 craft beer recipes and make their chosen beer using the in-house kettles, with help from the brewery’s beer specialists. The process takes about two hours, Cooper said, during which time guests can eat and drink American comfort food fare while waiting for their beer to finish cooking.

Hopsters holds on to the beer creations for about two weeks, and when the brews are ready, guests receive notifications to pick up their creations.

“From IPAs to brown ales, to Irish ales and English bitters, we have almost any type of beer you could want,” Cooper said. “Plus, if you know what you’re doing, we’ll let you go off the recipe. People can even bring ingredients from home if they want, but we just make sure you don’t do anything too crazy.” 

The beer-brewing class costs $200 per person and includes food and drink as well as three cases, or 72 bottles, of the custom beer.

Hopsters-beer_0.png

But guests don’t have to opt into the beer-making class to eat at the restaurant: Hopsters’ menu items like Korean sticky ribs, cheese boards, burgers, flatbreads, lobster rolls and the in-house craft brews are available separately. Check average for restaurant guests is $60 per person, including alcohol.

Hopsters thus far has mainly relied on crowdfunding to fund its expansion, a move that fits with its identity as a community craft brewery.

A campaign on Wefunder that drew 715 investors and raised $2 million was used to open the second Hopsters location, a 6,000-square foot venue in the Boston Seaport District that opened at the beginning of 2018. The Seaport location pulled in $1 million in revenue in the first two quarters alone, Cooper said, adding that the annual revenue projection for Hopsters going forward is $6 million per location. 

A Wefunder campaign for the Philadelphia location has raised about $1 million toward a $1.5 million target. 

With an investment of at least $500, Cooper’s community supporters have the opportunity to own a small piece of the company.

“Anyone can come in and for $500 or $3,000 buy a piece of the business,” Cooper said. “You’ll get equity and a chance to share some of the profits too.”  

While this homegrown method of fundraising has worked for early expansion, Cooper is thinking bigger for the future and hopes to partner with large-scale professional investors with a passion for craft beer.

By 2022, he plans to open 16 Hopsters locations in urban craft beer hubs along the East Coast, including Charlotte, N.C.; Raleigh, N.C.; and Jacksonville, Fla.

Contact Joanna Fantozzi at [email protected]

Follow her on Twitter: @JoannaFantozzi 

About the Author

Joanna Fantozzi

Senior Editor

Joanna Fantozzi is a Senior Editor for Nation’s Restaurant News and Restaurant Hospitality. She has more than seven years of experience writing about the restaurant and hospitality industry. Her editorial coverage ranges from profiles of independent restaurants around the country to breaking news and insights into some of the biggest brands in food and beverage, including Starbucks, Domino’s, and Papa John’s.  

Joanna holds a bachelor’s degree in English literature and creative writing from The College of New Jersey and a master’s degree in arts and culture journalism from the Craig Newmark Graduate School of Journalism at CUNY. Prior to joining Informa’s Restaurants and Food Group in 2018, she was a freelance food, culture, and lifestyle writer, and has previously held editorial positions at Insider (formerly known as Business Insider) and The Daily Meal. Joanna’s work can also be found in The New York Times, Forbes, Vice, The New York Daily News, and Parents Magazine. 

Her areas of expertise include restaurant industry news, restaurant operator solutions and innovations, and political/cultural issues.

Joanna Fantozzi has been a moderator and event facilitator at both Informa’s MUFSO and Restaurants Rise industry events. 

Joanna Fantozzi’s experience:

Senior Editor, Informa Restaurant & Food Group (August 2021-present)

Associate Editor, Informa Restaurant & Food Group (July 2019-August 2021)

Assistant Editor, Informa Restaurant & Food Group (Oct. 2018-July 2019)

Freelance Food & Lifestyle Reporter (Feb. 2018-Oct. 2018)

Food & Lifestyle Reporter, Insider (June 2017-Feb. 2018)

News Editor, The Daily Meal (Jan. 2014- June 2017)

Staff Reporter, Straus News (Jan. 2013-Dec. 2013)

Subscribe to Our Newsletters
Get the latest breaking news in the industry, analysis, research, recipes, consumer trends, the latest products and more.

You May Also Like