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MegaBite Restaurant Brokers LLC offers, for your ownership consideration, a well-established neighborhood brewpub eatery offering their own on-site freshly crafted, high quality beers (plus a full bar), niche, healthy cooking and delicious food with a year round outdoor patio. The restaurant has cultivated a loyal, growing clientele with its popular menu and freshly brewed beers on tap.
Their most popular product lines include a double IPA, light lager, wheat, bock and blonde ale, all brewed in 15 barrel batches. The beers and foods are well-rated in all usual, popular social media. Estimated annual capacity is approximately 2,000 BBLs (31 gallon/BBL) and can be further increased by adding fermentation tanks, varying production methods and production scheduling.
Recent brewer statistics report that there are approximately ~69 craft brewpubs and ~139 craft microbreweries in Texas (Source: Brewers Association, 2018). While overall beer volume sales were down ~1% in 2017, craft brewer sales continued to grow at a rate of ~8%, reaching ~12.7% of the US beer market.
Mintel food and drink analyst Beth Bloom says “There is a strong sense of community in the craft beer world. Consumers like to share knowledge with one another and are highly invested in the products that they choose. Not only that, but craft brands share exposure through collaboration, a practice almost wholly unique to the craft beer market. As such, tap rooms, bottle shops, and beer-garden-style breweries, where craft beer can be discovered, discussed, consumed on-site, and even purchased for at-home enjoyment, make for a complete, customizable experience. Craft beer is not only a beverage choice; it appears to be a lifestyle choice.” Mintel goes on to report that more than half of craft drinkers like to share their knowledge of beer with others, which has helped thrust many small brewers into the limelight, as word of mouth is often their strongest ally.
Texas is no exception and THIS beerpub represents an exciting proven way to IMMEDIATELY gain access to the market with an established, profitable beerpub eatery! Texas Beer Industry Growth – In 2017 Texas ranked 3rd in the nation with a $4.5 billion economic impact. However, Texas ranks 46th in the nation with only 1.3 breweries/brewpubs per capita (per 100,000 21+ adults). Oregon ranks 4th in the nation with nearly 8.5 breweries/brewpubs per capita. The contrast between the numbers for Texas versus a state like Oregon illustrates the potential growth in the craft beer industry. In last year’s legislative session, our specific niche ended up the biggest winners; brewpubs — hybrid retail drinking and dining establishments that primarily make and sell their own beer. Texas currently has approximately 69 of them.
Although the industry is very competitive, the business has superior beer, delicious food, excellent customer service and a destination venue with many growth opportunities. The business also has excellent books & records and is recession-resistant. The brewery operations are operating at about 25% capacity, allowing substantial growth with little to no incremental investment. The business is also exceptionally well-rated by its customers, peers and judges.
The asking price for the assets of the business is $2,000,000. The seller is willing to finance up to 20% of the purchase price to a purchaser qualified/approved by the Seller, if required by a commercial lender but THE SELLER PREFERS TO SELL FOR ALL-CASH. All financing is to be personally guaranteed. The assets include inventory at cost of $75,000, Accounts Receivables of $00 (no billed accounts) and FFEV (Furniture, Fixtures, Equipment and Vehicles) valued at $600,000.
We know about many businesses that are for sale but might not be advertised. Check out www.megabite-rb.com for more information and consider registering your criteria as a purchaser.
KEYWORDS: beer brewery ale lager pilsner bock craft draft public house taproom alehouse tavern microbrewery sell my brewpub business for sale
The business occupies approximately ~3,500 SF plus large patio, leased for ~$12,000 per month + NNN in a destination district with easy access to major highways and public transit. The lease expires in approximately 2023 with multiyear option. There are significant expansion opportunities in the existing facility
$12,000 (USD) per annum
in a destination district with easy access to major highways and public transit.
The owner feels that the business is currently running at only 25% capacity. A new, energetic owner can further increase sales & profits in many ways: 1) Add and promote outdoor music, 2) Consider enclosing and expanding patio, 3) Extend current operating hours, 4) Continue improving beer and food costs, 5) Develop a marketing sales strategy for distribution in the DFW Market, 6) Continue participating in all the major festivals and beer competitions in the DFW Market (which attract tens of thousands of DFW metroplex craft beer drinkers), 7) Increase involvement in local communities through philanthropy, product donations, volunteerism and sponsorship of events, 8) Continue using social media (Facebook, Instagram, twitter and Untappd) to strategically market, 9) Consider perpetual brewery tours on Groupon, 10) Develop profitable expansion of onsite to-go beer sales.
The brewpub industry is very competitive. Despite the presence of competitors, the business has continued to thrive and can further grow. However, there are substantial barriers to entry including: 1) federal, state and local regulations, 2) control of beer sales to consumers by distributors, 3) big beer companies colluding with politicians to horde profits and limit new competition, 4) private interests working to restrict access and increase regulations.
The owner has successfully built and grown the business... on to next adventure
Seller will train buyer for 8 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreeable fixed compensation to assist with general management functions for a finite period.
Price $2,000,000 with bank financing, up to 20% possible seller financing
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