Cademon Brewing Co. Announces Their Permanent Closing
Two years to the day that they opened their doors to the public, Cademon Brewing Co. has announced that they are permanently closed.
The brewery, located in Genoa, Ill. about 65 miles west of Chicago, made their announcement on their Facebook page. Citing a small issue that quickly snowballed into much more than the brewery could overcome, they had no choice but to close their doors.
In the Facebook post the brewery explains that things started with a missed production tax payment and they were temporarily shut down while things were getting worked out. On Nov. 17th they posted on Facebook that they had to be closed to deal with paperwork. That issue continued with another post saying they would be closed thru Thanksgiving week. Things culminated tonight with the final post of the closure.
During this time the brewery also discovered that their annual sales tax reporting period had been changed to a monthly period and they would need to pay $10,000 to remove the hold that had been placed on the brewery.
“This was problematic as we had just invested our money into the anniversary beers, and did not have the operating capital on hand to correct this,” the post said. “While exploring financing options, auto-payments on bills depleted our remaining capital, leaving us without many options.”
There was an outpouring of support on the Facebook post with loyal fans in shock and sorrow about the brewery’s closing.
“We want to thank everyone who has supported us since the beginning,” the post concluded with. “Tonight we raise a glass to two years of Cademon, and another glass for the ride ending too soon. We hope you’ll join us in spirit wherever you are.”
The full Facebook post can be found here.