After 9 years as a tenant, the Middle of the Universe Brewing Co. has a everlasting house in Hanover County.
The constructing the place the brewery has been working because it opened in 2012 is now owned by Crossray Holdings LLC, an entity owned by Middle of the Universe’s Managing Associate Chris Ray.
The deal closed on Dec. 15 for $1.4 million, mentioned Ray, who based the enterprise together with his brother, Phil.
The 12,000-square-foot constructing on 1.35 acres at 11293 Air Park Street is a former web site of the Herald-Progress newspaper.
The property is assessed at $1.177 million, in keeping with the county’s on-line property data.
Ray mentioned he is at all times hoped to personal the constructing. Ideas about rising the brewery through the years by no means materialized, as a result of “sinking sources right into a constructing or property that you do not personal…it triggered some pause.”
That, and final 12 months modified all the pieces, Ray mentioned. The pandemic pressured them to close down briefly, and workers at Middle of the Universe Brewing was furloughed.
Like many different companies, “we weren’t ready for a pandemic,” he mentioned, nevertheless it pressured him to reevaluate how he was doing enterprise.
Utilizing loans underneath the federal authorities’s Paycheck Safety Program, he was in a position to rent again his whole workers, however he additionally created a brand new wage construction and reserve funding that might guarantee monetary stability for his workers ought to the pandemic drive one other closure.