Listing ID: 78846
Brew Pub, restaurant, event center, distillery, with live entertainment. This is destination central ! A fixture in the state this business has been bringing award winning beer to the area for more than 25 years. The company now has expanded to distilled products such as fine Bourbon, Vodka, and Rum. Recently a Cidery license has been approved to expand the product line into hard cider, a sparkling water products.
The facility has been transformed into a warm environment taking you back to the early days of the 1800’s. This opportunity has the potential to expand products into national marketing. Currently 18 different beers are offered Stout Beers, IPA’s, Porters, and with Pumpkin a favorite in the fall. Now offering distilled products in 27 state liquor stores, you can find the brand all through New Hampshire.
This is an opportunity to take a product to a new level, own the location, trademarks, branding, and even put your own stamp on it !
- Asking Price: $1,100,000
- Cash Flow: N/A
- Gross Revenue: $1,332,737
- EBITDA: N/A
- FF&E: $900,000
- Inventory: $270,000
- Inventory Included: N/A
- Established: 1984
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:14,500
- Lot Size:N/A
- Total Number of Employees:27
- Furniture, Fixtures and Equipment:N/A
Almost 15000 SF this facility is in the perfect location, busy central city environment, but has plenty of parking, a rarity these days.
2 Weeks ( however a longer term is available for consultation and even contracted time )
This is a very unique situation with a brew pub, distillery, and cider, all in one location, event rooms available.
The company could expand the marketing statewide in additional liquor stores, and also expand distribution into other retail locations, and restaurants,
The company was established in 1984, making the business 38 years old.
The sale shall not include inventory valued at $270,000*, which ins't included in the suggested price.
The business has 27 employees and resides in a building with approx. square footage of 14,500 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons people choose to sell operating businesses. Nonetheless, the real reason vs the one they tell you might be 2 totally different things. As an example, they may claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But, for some, these might simply be excuses to attempt to hide the reality of changing demographics, increased competition, recent reduction in revenues, or a range of other reasons. This is why it is really essential that you not rely totally on a seller's word, but instead, make use of the vendor's solution along with your total due diligence. This will repaint a more reasonable picture of the business's current situation.
Existing Debts and Future Obligations
If the existing business is in debt, which numerous companies are, then you will certainly need to consider this when valuating/preparing your offer. Lots of businesses borrow money so as to cover points such as supplies, payroll, accounts payable, etc. Keep in mind that occasionally this can suggest that profit margins are too tight. Numerous businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be satisfied or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the area draw in new clients? Most times, companies have repeat customers, which develop the core of their everyday revenues. Particular factors such as new competition growing up around the location, road building and construction, as well as employee turn over can impact repeat customers and negatively impact future incomes. One essential thing to think about is the placement of the business. Is it in a highly trafficked shopping center, or is it concealed from the main road? Obviously, the more individuals that see the business on a regular basis, the better the opportunity to build a returning customer base. A final idea is the basic area demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? Exactly how might the regional average family earnings effect future income potential?