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21st Amendment Brewery to Shut Down After Lender Cuts Off Funding

The closure follows years of steep sales declines that the company says it could not offset.

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Customers are served inside 21st Amendment Brewery, on Second Street, in San Francisco.
Facade with a large 21st Amendment Brewery sign on a sunny day, San Francisco, March 18, 2025.
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Overview

  • Operations will wind down with a planned final day of Nov. 4, and the San Francisco brewpub near Oracle Park may close earlier.
  • The company’s lender halted financing over an ongoing “cash bleed,” according to co-founder Nico Freccia.
  • Sales have dropped about 20% each year since 2021, eroding the brewery’s ability to sustain operations.
  • A recently announced pivot with a new CEO and an operating partner to ramp up contract production fell apart when funding was pulled.
  • The move comes as craft beer faces shrinking demand, with U.S. brewery closures outpacing openings in 2024 and drinkers shifting to seltzers and ready-to-drink cocktails.