You don’t have to be a fan of IPAs to know that the craft beer world is doing something right. In 2015, 620 new breweries opened, with only 67 closing their doors. That 10.8 percent failure rate is higher than the long-term average but has been consistent in recent years as the overall number of brewery openings has spiked. It’s also much lower than in the restaurant industry, where as much as 60 percent of new establishments close in the first three years.
Read more at CNBC.com: 3 essential business growth lessons from the craft beer boom