This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

How the Pfriems Built a Real Family Brewery

From there, I wanted to get a little more big-brewery production experience, so I had a great opportunity to come here to Hood River and work for Full Sail. I got to run the gauntlet of working with the brew crew, training, working the lab, doing wastewater treatment on the engineering side of things as well. It was great to get some very good technical experience at a larger craft brewery.

All the while, as I was brewing test brewing, I always had a business plan in my back pocket. Pfriem Family Brewers is plan No. 4, 4.0? All the other ones were put on the shelf, but this was the one where it seemed like it was the right place at the right time. All the beers and everything -- the uniqueness, the quality -- it was perfect in such a beautiful landscape that's also one of the most saturated beer markets in the world. In Hood River alone, we're brewery No. 4 in a town of 7,000 people, so it's about a brewery for every 1,800 or so people, which is pretty awesome.

But our beer is very different from other people's here and others in the Northwest, and that was the point. It was an area where people are exposed to beer, drink a lot of beer and really enjoy quality things and their quality of life, and it was a great place for us to raise our family. We found our business partners here through our preschool -- the Cooperative Preschool -- and came up with a vision to make awesome beer and create a family brewery.

We were able to get together funds personally and through traditional business loans and be a bootstrap startup and bunch of entrepreneurs. Basically Pfriem for life.

Getting those funds together couldn't have been easy, given the economy you decided to open your brewery in. Did that present an obstacle, or was the local lending community helpful?

Josh Pfriem: No, it was pretty awesome.

Once again, this was the fourth business plan I'd written, and both of my business partners had great business backgrounds as well. We really polished up the business plan, took it full-on and went to our local community bank. They told us it was one of the best business plans they'd ever seen in their careers. Even though it was hard lending times, they believed in us and helped us get off the ground.

4 of 8

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs