The Penny is a unique, urban event venue featuring an open floor-plan with an industrial indoor space + outdoor courtyard.
Available for weddings, receptions, parties, corporate events, photo shoots, production and workshops, The Penny offers flexible rental availability and freedom to choose your own team of vendors. San Luis Obispo's only large, mixed-use event space of its kind, The Penny's central location offers walk-ability to all of downtown's best new hotels, restaurants and nightlife.
The Lowdown Venue Setting
Situated in the heart of downtown San Luis Obispo, The Penny is a unique, urban event venue featuring an open floor-plan with an industrial indoor space + outdoor courtyard. Available for weddings, receptions, parties, corporate events, photo shoots, production and workshops, The Penny offers flexible rental availability and freedom to choose your own team of vendors. San Luis Obispo's only large, mixed-use event space of its kind, The Penny's central location offers walk-ability to all of downtown's best new hotels, restaurants and nightlife. Owners, Tinker Tin Trailer Co and Sidecar Cocktail Co, have combined their event expertise, love for preserving storied history, and a sharp eye for design to create a unique space and superior guest experience.
(Prices listed here are estimates only & are subject to change)
Price Range Does this include catering fees?
Additional required fees may apply depending upon headcount, add on services booked, event logistics, etc. Surcharges may include: security fee, site management fee, janitorial fee, taxes, etc
Additional Insurance Is Required To Host An Event At This Venue
Capacity Seated 125 Buffet N/A Standing 300 Celebrations Hosted Here Since 2019 Venue Spaces Indoor & Outdoor Venue Spaces Available Catering Client Can Select The Caterer Of Their Choice Alcohol Provided By Venue For Fee – You Must Use The Venue For All Alcohol Services BYO Permitted – You Can Bring Your Own Alcohol Licensed Server Is Required Amenities A/V Equipment Street Parking Wifi Dining Chairs Dining Tables Onsite Restrooms Other Venue Features The Scene: Constructed in the 1930’s to house a blacksmith shop, the building's historic aesthetic showcases original architecture, exposed brick, and industrial finishes with modern fixtures and decor. Its name, The Penny, is a nod to the craftsmanship that has taken place within these walls for close to a century. Situated in the heart of downtown San Luis Obispo, The Penny boasts privacy and seclusion in both its indoor and outdoor spaces all while being only steps away from bustling hotels, restaurants, and bustling nightlife.
Indoors guests are greeted with warmth and texture by original hollow clay brick walls, high ceilings showcasing beautifully weathered beams, and beautiful natural light pouring through leaded glass windows. Meticulously designed modern bathrooms feature hand-poured terrazzo tiles in shades of blush for the ladies, and matte black and emerald touches for the men.
The outdoor patio beckons from an all-glass roll-up door, inviting the outside in. Upon entering the patio an eclectic environment awaits with both modern landscaping and fencing, lush greenery walls, and an original 1930's barn backdrop. Strung bistro lights illuminate the surrounding vibrant urban cityscape views. Design:
The Penny is a unique, urban event venue featuring an open floor-plan with an industrial indoor space + outdoor courtyard. The historic building was constructed in the 1930's as a blacksmith shop and we chose to preserve its original brick walls, beams and many other historical characteristics to maintain the look and character of the original build.
Standout Venue Features: The Penny SLO is the only urban industrial event space of its kind in downtown San Luis Obispo. It's combined modern design elements and historical characteristics, paired with its walking distance to San Luis Obispo's boutique hotels and restaurants makes it extremely unique. Guests also get the combined event knowledge brought in by The Penny's sister companies, Sidecar Cocktail Co. & Tinker Tin Trailer Co. who both specialize in superior event industry services with an eye for style and design. Extra Perks: Penny Venue rentals include exclusive access to sister companies Sidecar Cocktail Co. craft cocktail catering services + exclusive access to Tinker Tin Trailer Co. rental upgrades like the open-air photobooth + Sioux Tipi lounges and more. Venue rentals also include tables + chairs for up to 50 guests, back patio bistro lighting, a historic barn backdrop for outdoor ceremonies, mobile bar top, and unique and eclectic design and lounge elements throughout. Eats & Drinks
Food, Restaurants, Cafes, Bars & Lounges
Bars & Lounges:
The Penny is pleased to offer fully licensed, insured and highly experienced bar services through Sidecar Cocktail Co, the Penny's sister company. Sidecar Cocktail Co’s brick and mortar restaurant has become the Central Coast’s go-to destination for high-quality craft cocktails presented with a genuine spirit of service. Over the past 5 years, Sidecar’s cocktail catering branch has serviced hundreds of events on the Central Coast with notable travels to Palm Springs, Los Angeles and Heart Castle. Sidecar has developed exclusive packages and pricing for The Penny clientele. Packages range from simple beer and wine staffing services to more complex, full-service craft cocktail experiences. As The Penny's in-house bar service, Sidecar Cocktail Co offers a seamless and elevated experience for clients and guests alike.
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