Brewery Thirty-Three at 601 Lippincott Ave. in Riverton, filed for Chapter 11 bankruptcy protection on Wednesday, June 17. Tommy Cimino, who owns the three-year-old brewery under Cimino RE Holdings, told Philly Biz Journal the filing was prevent the property from being foreclosed.
Cimino said a sheriff's sale had been scheduled for Thursday, June 18. Foreclosure proceedings began against the brewery last November after it defaulted on a $1.39 million loan taken out in 2023, Philly Biz Journal reported, citing property records and the bankruptcy filing.
Cimino, who owns the brewery with his wife, Lisa, told Philly Biz Journal they are hoping for a partner or angel investor to chip in $500,000 to get the brewery out of foreclosure.
A former firefighter, Cimino began brewing his own beer before he started working at Zed's Beer in Marlton. Thirty-three is a number that appeared throughout Cimino's life, being his jersey number in soccer and hockey and his badge number when he was in the fire department.
To view the Philly Biz Journal article, click here.
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