Statistics suggest that bankruptcy filings are up from one year ago. Specifically, according to U.S. Courts, there were 418,724 bankruptcy filings in the year ending June 2023, compared with 380,634 cases for that period in 2022.
Despite an environment that is more challenging for some businesses, some business industries have seen growth. For example, some of Florida's breweries have seen growth - such as Florida Beer Co. of Cape Canaveral, which saw a 39% increase in sales between 2020-2021, according to Axios Tampa Bay.
However, unfortunately, there is one brewery in Florida that has recently filed for bankruptcy and will be allegedly closing one of its three facilities.
About Persimmon Hollow Brewing: The two founders of this company were friends who originally met in 2011. They were able to turn their hobby into a business with the opening of the first Persimmon Hollow Brewing in 2014, according to the company's website. The company motto is “Drink Sensibly, But Get Weird”.
The Bankruptcy: According to the Orlando Business Journal, Persimmon Hollow Brewing filed for Chapter 11 bankruptcy restructuring on November 10, 2023. The company reportedly listed $1 million-$10 million in assets and $1 million-$10 million in liabilities.
What Floridians Have Had To Say About Persimmon Hollow Brewing: The website How We Find Happy visited Permsimmon in the fall of 2020. The site said that the brewery was "a great place, with great brews, in a charming historic town, and we plan to visit again soon."
The Deland location on Georgia Avenue receives 4.6 out of 5 stars on Google Reviews. Many reviewers complimented the relaxed "vibe" of the place, the events offered, and the knowledgeable staff.
Here is a review that is pretty typical from a reviewer named Melody:
"Persimmon Hollow is the perfect vibe whether you want to chill by yourself, bring your laptop and get some work done, or bring your whole crew. Comfortable, friendly, and tons of options to drink..."
The author is not affiliated with Persimmon Hollow or any other breweries.