Iconic Brewery and Brewpub with Loyal Following!

Olympia, WA (Thurston County)

Iconic Brewery and Brewpub with Loyal Following!
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Asking Price: $1,200,000

Cash Flow: $350,000

Gross Revenue: $4,371,000

EBITDA: $350,000

FF&E: $500,000

Inventory: $100,000

Established: 1993

Iconic Brewery and Brewpub with Loyal Following!

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Business Description

Iconic Brewery and Brewpub under court-appointed receivership for sale. Opened in 1993, this brand is a cornerstone of the Olympia, WA community with many loyal patrons. Its three primary brands are widely recognized and distributed throughout the Northwest. Among its many accolades include winning Gold for its Hefeweizen and Bronze for its Organic IPA at the Washington Brewers Awards, one of the most prestigious awards in Washington State with over 1,400 entries! The Pub was also featured on Food Network’s, Diners Drive-ins and Dives.

Even under receivership, the business has remained profitable with average monthly sales of $365K that have remained consistent. The brewery is located in a 33,213 sq ft building. The Brewhouse is a 40 barrel system capable of running 24 hrs a day with three shifts and a break one day every week for cleaning and maintenance. Total capacity for beer is 22,700 bbl per year (1,337 bbls, 21 day turn around, 17 uses per year). Cider capacity is 7,000-9,000 bbl per year. The kegging capacity of 300 kegs per day (150 bbl) or 53,000 bbl per year. The brewery has an organic certification and all of the licenses required for beer, cider, and distilled spirits. There are great employees in place and strong support from the community. This is a great opportunity for someone new to the business to continue operations profitably as is or for an experienced owner to grow the business by building on its great foundation. Please contact grant@mccallenandsons.com for NDA and further details. The profit numbers listed are projected numbers.

Detailed Information

Location:
Olympia, WA
Inventory:
Included in asking price
Employees:
55
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
To be discussed upon completion of NDA
Competition:
To be discussed upon completion of NDA
Growth & Expansion:
To be discussed upon completion of NDA
Support & Training:
Yes, as needed
Reason for Selling:
Court ordered sale
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Dan Fallon

Business Listed By:
Dan Fallon

McCallen & Sons, Inc.

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