Listing ID: 71282
The former Brutopia Brewery, located at 505 Atwood Avenue, Cranston, RI is now available for lease, including all brewery equipment. This turn key opportunity offers an established business and location of a turn key Brewery. The Brewery features a top of the line equipment package, complete with 20 BBL brew capacity and multiple fermentors, brite tanks and serving tanks.
The Brewery space is a portion of the street grade level of the building plus the entire lower level, which has a loading dock at grade.
The lower level (at grade as well) has additional brewery equipment, storage, walk ins and tasting room.
Rental rates and lease term are ready to customize to new ownership and the Landlord will work with a new operator on aggressive lease terms.
The Brewery operation is turn key and ready to open at a moments notice. Contact Jim Moore at Scotti & Associates for more information and a tour at 401-421-8888 ex 14, 401-529-9463, firstname.lastname@example.org
- Asking Price: $1
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:14,000
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
Turn key 20 BBL Brewery for lease, including all equipment, walk in refrigerators, etc.
Owner out of State
The company was founded in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons individuals decide to sell operating businesses. However, the real reason and the one they say to you might be 2 totally different things. For instance, they may say "I have too many various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. But also, for some, these may simply be justifications to try to hide the reality of altering demographics, increased competition, current reduction in profits, or an array of other factors. This is why it is really important that you not depend entirely on a vendor's word, but instead, utilize the seller's answer along with your general due diligence. This will paint a more sensible picture of the business's existing situation.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will have reason to consider this when valuating/preparing your deal. Many companies take out loans with the purpose of covering items such as supplies, payroll, accounts payable, and so on. Remember that occasionally this can indicate that revenue margins are too tight. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that need to be satisfied or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location bring in new clients? Most times, businesses have repeat clients, which create the core of their everyday revenues. Certain variables such as new competition sprouting up around the location, roadway building and construction, and also employee turnover can influence repeat consumers and negatively impact future incomes. One crucial point to take into consideration is the location of the business. Is it in a highly trafficked shopping mall, or is it concealed from the highway? Clearly, the more individuals that see the business on a regular basis, the greater the chance to build a returning customer base. A last idea is the basic area demographics. Is the business placed in a largely populated city, or is it located on the outskirts of town? Exactly how might the local average household income impact future income potential?