Price Reduced on Award Winning Brew Pub

WI

Seller Financing Available
Beer mugs

Asking Price:$599,900

Cash Flow:$134,900

Gross Revenue:$1,748,000

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$1,500,000*

Established:2003

*not included in asking price.

Price Reduced on Award Winning Brew Pub

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Business Description

Price Reduced on Award Winning Brew Pub

Award winning brewpub, restaurant and catering business now with a reduced price. 2016 revenues and net income are up over a record 2015. This dual concept brewpub/restaurant has seen continued growth in top line revenue and profit for several years. A highly qualified management team is in place and they make the operations run very smoothly. The owners expect sales to top $1.8 million for the year. The operations have numerous areas for sustainable revenue increases. Two of the primary areas are retail sales/distribution of the beer and increased catering and special event hosting. This is a truly unique opportunity to acquire the #1 rated restaurant in the city, a brewery with award winning beers and ample opportunities for growth.

The owners' brewing license allows for the production and sale of up to 5,000 barrels per year and they currently produce around 300 per year. The overall space exceeds 15,000 sq. ft. The second floor can host events for 250 people and is an excellent space for company parties, weddings and special events. The city has limited hosting space and none have the mix of charm and capabilities with a brewery.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
N/A
Facilities:
3 story historic building with over 15,000 square feet of space. Brewpub is on the main floor, secondary restaurant concept on second floor. Second floor also has special event space/private dinning areas.
Competition:
Very limited competition for catering and special events. No other similar concepts in the area. Strong connection to the community and city.
Growth & Expansion:
Numerous opportunities for expansion of beer production and distribution. Special events and catering could be expanded as well. Owners also own adjacent properties which could be used for expanded production, parking, putting a bed & breakfast, etc.
Financing:
Will consider for qualified buyer
Reason for Selling:
Retirement

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Tim Bullard

Business Listed By:
Tim Bullard

VR Lakes Business Group, Inc.

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