Top

blog

Stories

 

Morgan Street Brewery Up for Sale, Owners Look to Retire

morganstreetsale.jpg
Outside Morgan Street Brewery. | RFT Photo

After almost twenty years under the direction of Steve Owings and Dennis Harper,
Morgan Street Brewery (721 North Second Street; 314-231-9970) is up for sale. Owings tells Gut Check that Morgan Street won't be closing, but the Landing partners want to retire.

See also: Cab Driver David Riordan is the Keeper of St. Louis' Haunted History

"[We] have been talking about it for the last couple years. We're both old -- we're at that age. He's 65; I'm 58," Owings tells Gut Check. "Craft beer continues to expand, so we thought we'd throw it out in the market and see what was there, see what happens."

Owings and Harper starting Harpo's on the Landing in 1982 and later founded Morgan Street Brewery in 1995; it was one of the first three microbreweries in St. Louis, along with Schlafly and Trailhead Brewing.

While it's on the market, Morgan Street will continue to operate as usual. Owings says it has a party booked in March for about 600 people, and Morgan Street has brewed double the amount of Oktoberfest this year, which recently hit grocery shelves.

The sales listing for Morgan Street promises at least 90 days of training to help out the new owner -- all you need is $2.4 million.

"Ideally, [the buyer] is someone that really wants to continue the brand and expand, and maybe take it to a national level. It's totally up to whoever does it -- we want to definitely have a qualified buyer, but we're not going to restrict them to keep Morgan Street as a name," Owings says. "But ideally, fifteen years from now, I'd like to go to Schnucks and buy a six pack of Morgan Street Oktoberfest. That would be fun."

Here's the full listing, if you happen to be on the hunt for a craft brewery:

Morgan Street Listing

Gut Check is always hungry for tips and feedback. E-mail the author at Nancy.Stiles@RiverfrontTimes.com.

Follow Nancy Stiles on Twitter:





Location Info

Morgan Street Brewery

721 N. Second St., St. Louis, MO

Category: Music

My Voice Nation Help
51 comments
Brian Flath
Brian Flath

We need to venture down that way on 8/31 some how.

Brian Flath
Brian Flath

Love that place, great beer. We need a road tr

Nick Licata
Nick Licata

Please turn this into a sweet concert venue.

Lauren Mardis
Lauren Mardis

Yesssss!!! Whoever buys Morgan street, PLEASE hire a new DJ! So baddddd. (He plays the same playlist every Friday too.) I swear I would be so happy if I never heard the Zelda techno remix again. So many memories... :)

Tom Kletzker
Tom Kletzker

Question, will it come with or without the sleazy people/employees/security?

Jessica Taylor
Jessica Taylor

Lauren Mardis, so many fond memories... naked Arch lap losers, "OMG, IS THAT KEVIN?", DJ Plays-Same-Playlist-Every-Saturday, JFB, our free shot Marines....

Steven Torlina
Steven Torlina

Michael James Thomas Green look at this people still goto the landing

Jim Lovins
Jim Lovins

Still struggling with $'s, Matt Edgar. Thanks for thinking of me, though!

D.a. Jones
D.a. Jones

$2.4 million. Damn. Counteroffer, I bid $20?

Matt Edgar
Matt Edgar

Jim .... Here you go...get back into it!

Jeff Martin
Jeff Martin

Giarc Phillips Here is your chance!!!

Now Trending

From the Vault

 

Loading...