Chilly Water Brewing

What Chilly Water Brewing does

Chilly Water Brewing Company is a privately held craft brewery and brewpub operator founded in 2014 by Matthew Chandler and headquartered at 719 Virginia Avenue in Indianapolis' Fletcher Place neighborhood. The company produces 12 year-round beers on-site at the original Downtown facility, including Built to Last Pilsner, One Hop Wonder IPA, Blood on the Tracks IPA, and Santeria Mexican Lager, supplemented by seasonal and experimental limited releases. All beer is brewed centrally and distributed to three company-owned taprooms: the original Downtown Fletcher Place brewpub, the Center Grove Taproom in Greenwood, IN, and the Boulevard Taproom near Butler University (opened February 2019 in partnership with Hoagies and Hops for food service).

The business model is a direct-to-consumer brewpub model. Primary revenue is generated through on-site beverage sales (craft beer, hard seltzers, ciders, THC seltzers, wine, NA options) and scratch-kitchen food (burgers, sandwiches, hoagies, cheesesteaks, tacos) sold per transaction across the three locations, with menu price points ranging from $5-$15 appetizers to $16.50 premium burgers. Secondary revenue streams include full-service catering, private event hosting (with full-brewery buyouts for birthdays, weddings, and corporate functions), online ordering for pickup via Toasttab, and packaged 16oz canned to-go beer available at all locations and through select retail. Customer segments are local Indianapolis-metro residents and visitors seeking a craft beer and casual dining experience.

The company is differentiated by an integrated live-music programming layer (Friday night concerts, Bluegrass and Jazz Jam Sessions, annual Jerry Day event) that is reflected throughout the brand identity and beer naming, positioning the taprooms as community gathering destinations rather than pure beverage retail points. Operating geography is exclusively the Indianapolis metropolitan area, with no disclosed capital raises, M&A activity, or institutional ownership.

Name

Chilly Water Brewing

Legal name

Chilly Water Brewing Company

Website

https://chillywaterbrewing.com

Company type

Private

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

Chilly Water Brewing is a privately held Indianapolis craft brewery and brewpub operator founded in 2014, running three taprooms (Downtown Fletcher Place, Center Grove in Greenwood, Boulevard near Butler University) where it brews 12 beers on-site, serves scratch-kitchen food, hosts live music, and caters private events for local metro consumers.

Ownership category

akta.pro rank

Product category

Craft Brewery and Brewpub

NAICS

Breweries (31212), Breweries (312120), Drinking Places (Alcoholic Beverages) (7224), Drinking Places (Alcoholic Beverages) (72241), Drinking Places (Alcoholic Beverages) (722410), Beer, Wine, and Liquor Retailers (445320)

SIC

Malt Beverages (2082), Beverages (2080)

akta.pro primary industry

Brewpubs & Taprooms (On-site Beer Service) (THAFALAA)

akta.pro secondary industries

Craft Beer Bars & Taprooms (THAFAEAG), Taprooms & Brewpubs (CRANACAF)

Keywords

• Craft beer brewing
• Brewpub dining
• Taproom service
• Craft beer distribution
• Private event catering

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. On-site Beverage Sales: Sale of craft beer, hard seltzers, ciders, wine, and non-alcoholic beverages for on-site consumption across three taproom locations.
2. Food Service: Scratch-made food menu including burgers, wings, nachos, wraps, sandwiches, tacos, and Pennsylvania-style hoagies and cheesesteaks served at all taproom locations.
3. Catering Services: Catering packages for birthday parties, holiday events, corporate functions, and wedding festivities.
4. Private Event Hosting: Full brewery reservations for private parties including birthdays, weddings, and corporate events.
5. To-Go Beer: Packaged beer sales in 16oz cans available for pickup at all three locations and through select grocery and liquor stores.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Chilly Water Brewing is a craft brewery and brewpub that produces on-site ales and lagers and serves them across three Indianapolis-area taprooms alongside a scratch kitchen food menu. The company sells 12 year-round beers including Built to Last Pilsner, One Hop Wonder IPA, Blood on the Tracks IPA, and Santeria Mexican Lager, plus seasonal and experimental limited releases, hard seltzers, ciders, wine, and non-alcoholic options. It also offers catering, private event hosting, to-go canned beer, and live music programming.

Product overview

Chilly Water Brewing Company is a brewpub established in 2014 offering craft beer, food, and entertainment across three Indianapolis-area locations. The core offering centers on brewing 12 beers on-tap on-site, including flagship year-round beers (Built to Last Pilsner, One Hop Wonder IPA, Blood on the Tracks IPA, and Santeria Mexican Lager) plus rotating seasonal and experimental releases. Beyond beer, the portfolio includes hard seltzers, ciders, THC seltzers, wine, and non-alcoholic options. The company operates three taprooms: Downtown (original brewpub on Virginia Avenue), Center Grove Taproom (Greenwood), and Boulevard Taproom (near Butler University). Food service features scratch-made elevated casual dining with burgers, wraps, sandwiches, and regional Pennsylvania-style hoagies and cheesesteaks. Additional services include catering, private event hosting, online ordering, to-go beer, and live music events on Fridays with local artists.

Differentiator

Problem solved

Functional benefit

Products and services

• Craft Beer (on-tap at three taproom locations)

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature1 record

Partnerships

One partnership is on record.

• Hoagies and HopscoreChannel Partner/ Reseller/ Distributor · 1 February 2019Partnership established February 2019 at the Butler Taproom (4155 Boulevard Place near Butler University). Hoagies and Hops, founded by Kristina Mazza in 2015, provides authentic Pennsylvania fare including hoagies, cheesesteaks, and hot dogs. The taproom features Hoagies and Hops food menu alongside Chilly Water Brewing's craft beer selection. The taproom is family-friendly with plenty of TVs for watching games.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Fountain Square Brewing Co. Indianapolis craft brewery with on-site taproom; competes head-to-head with Chilly Water for on-premise craft beer customers in the Indianapolis metro, sharing overlapping neighborhood and event-driven demand.
• Broad Ripple Brewpub: Long-standing Indianapolis brewpub combining on-site brewing with full food service; directly comparable hybrid model to Chilly Water's brewpub + scratch kitchen approach.
• Taxman Brewing Company: Indiana craft brewery and taproom operator producing year-round and seasonal beers with on-site food service; similar brewpub format competing for Indianapolis-area craft consumers.
• Bier Brewery & Taproom: Indianapolis brewpub producing on-site craft beer with food service; directly comparable to Chilly Water in combining brewing, food, and taproom experience in the Indianapolis metro.
• Sun King Brewing Company: Indianapolis-based craft brewery and taproom operator; closest direct competitor to Chilly Water, operating multiple taproom locations and producing flagship year-round and seasonal beers distributed through the same local on-premise and retail channels.
• Flat12 Bierwerks: Indianapolis-area craft brewery with taproom serving flagship and seasonal beers; similar multi-channel model combining taproom sales, packaged distribution, and limited food offerings in the same local market.

Regional players

• Upland Brewing Company: Indiana craft brewery with multiple taproom locations (Bloomington and Indianapolis area); overlapping brewpub-style operations and Indiana-distributed packaged beer targeting similar local craft consumers.
• Three Floyds Brewing: Indiana-based (Munster) craft brewery with strong regional distribution; comparable product portfolio of IPAs and lagers, though it operates as a larger-scale producer with broader distribution than Chilly Water's brewpub-led model.

Emerging players

• Half Acre Beer Company: Midwest craft brewery with taproom locations and packaged distribution; comparable size and product mix to Chilly Water in offering year-round flagships plus seasonal releases in a brewpub-style model.

Broad incumbents

• Bell's Brewery: Established regional craft brewer (now part of larger portfolio) with broad Midwest distribution; competes with Chilly Water for off-premise retail placement while operating at materially greater scale.

Market position

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/chillywaterbrewing
• Instagraminstagram.com/chillywaterbrewing
• Xx.com/CHILLYWATERBREW
• LinkedInlinkedin.com/company/chilly-water-brewing-company

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chilly Water Brewing