Greensboro brewery prepares to go public
Natty Greene’s Brewing Pub, whose South Elm Street location is an anchor of the more hip end of Greensboro’s downtown, has filed to offer securities. The limited liability company owned by Christopher Lester and Kayne Fisher is offering stock shares of $4,000 and up, according to a recent filing with the US Securities and Exchange Commission. The filing indicates that the company has raised more than half of its $3 million total offering amount. The company, which has also added a Raleigh location in recent years, brings in upwards of $1 million in annual revenue, according to its SEC filing. Lester and Kayne could not be reached for comment at press time. — JG
Work un-tethered from geography
Sometimes family is the primary geographic driver for a business. Such is the case with Grammar Geek, a small business run by Stephanie Roselli that provides editing services to individual authors and publishing houses. Last summer, Roselli relocated from the Seattle area in Washington state to Greensboro to be closer to her family. Luckily for her, Roselli’s clientele — which publishes everything from trade fiction to college-level textbooks — can be serviced by telecommunication and she can do her job from basically anywhere in North America. To learn more, e-mail Roselli at Stephanie@thegrammar-geek.com. — JG
Greensboro tax assistance center to relocate
Taxpayers visit the IRS Taxpayer Assistance Center in Greensboro for everything from answers to tax questions to help preparing and electronically filing returns a service that is free to those who earned less than $49,000 in 2010. Starting Jan. 3, the center s 320 Federal Place location in downtown Greensboro will close for maintenance. The center will be temporarily relocated for the 2011 tax season in the Kinston Building at 2303 West Meadowview Road in Greensboro. For additional information, visit IRS.gov or call 800.TAX.1040 — JG
State contracting preference benefits Guilford vendors Richardson’s
Safety Equipment of High Point and Green Resource of Colfax are among the Triad companies that have recently been awarded state contracts under Executive Order 50, according to the office of Gov. Beverly Perdue. Under the order, North Carolina businesses whose bid is within 5 percent of or $10,000 of the lowest bid, whichever is less, have the option of matching the price of an out-of-state bidder to obtain state contracts. Green Resources matched an out-of-state bid worth $38,010 for providing grass seed to the NC Department of Transportation, while Richardson’s Safety Equipment matched a bid worth $8,320.30 for material lifts to be used in a metal products plant operated by the NC Department of Correction in Polkton. — JG
On Dec. 8, Ashby Cook III bought part of the downtown Greensboro nightspot Venue, located at 115 S. Elm Street, from Howard Dozier.
Over the next 12 months, Cook plans to buy the remainder of the business.
“After owning several businesses downtown I’ve decided to move my efforts to Charleston, SC, where I spend most of my time,” said Dozier. “I will still be involved with Venue over the next year — building and expanding the current club — and I would like to thank Greensboro for its support over the years.”
Cook will serve as the owner/operator, the face of the club, overseeing all employees and making changes to improve.
“Some immediate changes will be cheaper drink prices, more flat-screen TVs and a few little things that you will have to see for yourself,” said GM Becky Salvitti.
Though long-term plans for the club will include second-floor and basement expansion, the Venue will not close during construction, choosing to work around the schedule.
On why he chose the Venue as his investment Cook noted, “I looked at several locations throughout Greensboro and came to the conclusion that with potential, location, great staff and future remodeling that… this deal was too good to be true and I couldn’t pass it up. My father has always taught me that, ‘Things happen for a reason, and good things happen to those who wait..’” The downtown business currently employs 16 people and is open Thursday to Saturday, 10 p.m. to 2:15 a.m., and will open on Sundays starting on Feb. 6.
“Although Charleston is a tougher market, I look forward to the challenge!” said Dozier. “A big thanks to Ashby Cook for making this possible. He has a lot of exciting new ideas which will be great for downtown.”