Over the years, McMenamins has seen greater than market average revenue growth. Prior to the current crisis, the company was on track to experience one of its best financial first quarters in more than 10 years.
Of course, there have been a few changes this year based on the government-mandated COVID-19 shutdown. But the company is on track for another successful year, with current services including:
- All McMenamins Pubs are open for dine-in and takeout service.
- All McMenamins Hotels are open including restaurants and bars and soaking pools. Select movie theaters are now open.
- Canned beer sales and growler and crowler fills.
- Retail products, including McMenamins wine, spirits, canned beer, coffee beans, gifts, hand sanitizer and more, are available for purchase.
We’ve also adapted operations, energetically implementing changes including:
- Adding more items to the online shop – sales are up 51% over the same time last year.
- Adding more outdoor seating options at properties.
- Expanding delivery service options to all our locations.
- Releasing our first ever vodka alongside our Bloody Mary Mix – Spar Vodka!
With these adjustments comes exciting growth. The working capital received as a result of your investment will be used to bring the company back to pre-COVID-19 levels, and fund future expansion of projects that have been in the works for years. At the top of the list? Adding lodging, meeting space, a bottle shop (and maybe a secret bar!) to Cornelius Pass Roadhouse; transforming “The Jail” into a hotel at Edgefield; and developing the neighboring 65-acre “Pig Farm” adjacent to Edgefield as well as other very special projects.
Interested in learning more? Investors, please contact invest@mcmenamins.com.
What began as a small pub in southeast Portland, has grown into a Pacific Northwest staple, with revenues exceeding $200MM annually. Mike and Brian McMenamin completed many successful historic renovations over the years, including:
- Transitioning a former county poor farm in Troutdale, Ore., just 20 minutes from downtown Portland, into an eclectic destination known as Edgefield. The 74-acre property now includes lodging, bars, restaurants, spa, soaking pool, premier outdoor concert venue, meeting and event space, brewery, winery, distillery, theater, golf and gardens.
- Renovating a downtown Portland flatiron building that formerly housed a tire shop, a live jazz club and a den for underworld kingpins, into today’s Crystal Hotel. Located across the street from the legendary Crystal Ballroom, this neighborhood gathering place bustles with history and live music, and offers food and beverages from the Zeus Café. Each guestroom features art inspired by a song or performance from the neighboring Crystal Ballroom, and hotel stays include admission to the soaking pool.
With a diverse assortment of pubs, lodging, breweries, distilleries, coffee roaster, movie theaters, spas and event spaces throughout Oregon and Washington, no two McMenamins are the same. Since its founding in 1983 by brothers Mike and Brian McMenamin, the company − famous for resurrecting and transforming intriguing old buildings − has grown from one pub in Portland, Ore. to 56 locations in the Pacific Northwest. All McMenamins properties provide a casual, relaxed atmosphere where all people are welcome and regulars are common. The company's focus on creative community gathering spots, spectacular concert venues, eclectic art, eats and brews, vintage fixtures, gardens, historic buildings and community history draws loyal fans and admirers from far and wide. Independently owned, McMenamins continues its tradition of reimagining historic properties and artistically restoring locations to spotlight local heritage and bring people together.
The McMenamin family is exceptionally involved in the business they started decades ago, and they plan to remain so. The next generation of the family is equally involved and committed as the company continues to expand. The business will continue to be led by family members now and in the future.
With a “if we can make it, let’s do it” philosophy, McMenamins produces beer, wine, spirits, roasted coffee, ice cream, produce, herbs, baked breads and pastries for use in the restaurants and pubs.
By the Numbers:
- 56 locations in Oregon and Washington (that’s 46 in Oregon and 10 in Washington), including 12 historic hotels, 2 full-service spas, 6 soaking pools, 9 theater-pubs and more.
- 24 breweries, 2 distilleries, a winery, a creamery, coffee roaster, bakeries, and produce and flower gardens.
- Approximately 5% annual sales growth since 2010, and 6% annually over the past five years (2015-2019).
- 20 locations on the National Register of Historic Places.
- 200,000+ McMenamins Passport holders.
- Dedication to using salvaged materials in construction; repurposing demolition debris; recycling byproducts like oil, cardboard and plastics, and composting food waste whenever possible.
Take a journey with us. McMenamins handcrafts beer, wine, cider and spirits and hosts hundreds of events each year. See us in action:
- McMenamins Brewing – McMenamins brewers believe that brewing green is brewing responsibly. Click the link to learn more about McMenamins’ Handcrafted Program and style.
- McMenamins UFO Festival – Set in a small town in Oregon wine country, the annual UFO Festival, which has been running for 20 years, explores and celebrates the supernatural.
- McMenamins Wassail Cider Festival – Toast the apple trees at McMenamins’ lively Wassail Cider Festival, a community favorite.
- McMenamins Passport Program – McMenamins Passport holders are on a quest to experience McMenamins to the fullest by visiting every single location. Ultimately, they'll earn the title of Cosmic Tripster.
- McMenamins Small Bars – A favorite part of McMenamins larger properties? Cozy small bars – some hidden, some not – that really, in fact, get to the heart of the matter.
Repurposing Historic Buildings
As one of the largest hospitality providers in the Pacific Northwest, McMenamins has thoughtfully restored historic structures and built new properties from old materials, transforming each location into a welcoming community gathering place for visitors of all ages. This unconventional approach brings new light to communities and inspires future work.
Commitment to SustainabilitySince McMenamins’ early days, recycling, preventing energy waste and promoting energy savings have been a part of everything the company does, with a goal of preserving the beautiful Pacific Northwest region. Overseen by two environmental coordinators, McMenamins’ recycling efforts include:
- Featuring recycled vintage wood and light fixtures that bring their own history.
- Using oil at Edgefield’s Black Rabbit Restaurant that’s a recycled product.
- Reusing packaging material whenever possible.
- Utilizing sustainable hotel practices.
- Using chipped wood donated by local arborists for our walking trails.
Visit here for more details on McMenamins’ recycling and composting efforts.
Another unique aspect to McMenamins? The fostering of a sustainable, closed-loop system. With expansive gardens at Edgefield and Grand Lodge, the company uses ingredients grown onsite in seasonal menu offerings, handcrafted beverages, distillery products and more.
Commitment to Equality McMenamins is an Equal Opportunity Employer and strives to promote equity by being inclusive in regards to hiring practices and welcoming patrons. McMenamins collaborates with organizations like Partners in Diversity to improve hiring-related outreach to communities of color. In addition, the company donates to Urban League chapters and other non-profits supporting the empowerment of people of color. McMenamins sponsors the monthly Race Talks series, whose mission is to support interracial and cross-cultural communication and relationships. They are committed to the support and inclusion of all people for the long term.
