Brewery Assets And Social Space Available

Description

Brewery asset sale in St. Paul, Minnesota. The offering includes the operating assets, brewery equipment, kitchen equipment, furniture, fixtures, point-of-sale system and business goodwill. The existing space and lease assignment may also be available, subject to separate discussion with the landlord.

Financial profile

• Annual sales: more than $1,000,000
• Approximately 80% of revenue generated through the taproom
• Remaining revenue includes distribution and other brewery sales

Because this is presented as an asset sale, buyers should review which historical financial results would remain relevant under new ownership and whether the existing brand and customer relationships are included without restriction.

Facility

The brewery was developed in 2012 and 2013 within an approximately 9,000 sq. ft. historic warehouse facility in St. Paul.

• Taproom
• Production brewery
• Kitchen facilities
• Indoor event area
• Shared outdoor space

The existing premises are optional in the transaction. Any lease assignment or new lease will require landlord approval and should be negotiated separately.

Equipment and assets

The sale includes modern brewing equipment that the seller reports has received regular cleaning and maintenance.

• Brewing system
• Kitchen equipment
• Furniture
• Fixtures
• Point-of-sale system
• Business goodwill

Buyers should obtain a detailed equipment schedule showing age, condition, ownership, maintenance history and any leased or financed assets.

Operations

The taproom is the primary revenue source, accounting for approximately four-fifths of current sales. The event space and shared outdoor area provide additional capacity for gatherings and seasonal programming.

A new owner could continue brewery and taproom operations from the current facility if acceptable lease terms and the necessary licenses are secured.

Growth

• Increase private event bookings
• Expand taproom programming
• Develop additional distribution accounts
• Increase seasonal use of the outdoor area
• Expand food and beverage offerings where permitted

Licensing and due diligence

Buyers should verify historical sales, taproom versus distribution revenue, equipment ownership, inventory, event deposits, employee arrangements, brand and recipe ownership, distributor agreements and the exact assets included in the sale.

Continued brewing, taproom service and distribution will require applicable Minnesota and local alcohol licenses and approvals. Buyers should also review federal brewery registrations, production records, excise-tax obligations and any restrictions associated with the historic property or proposed lease assignment.