Multi-Location Craft Distillery and Cocktail Lounges
Business Description
Offered for sale is a North Carolina based craft distiller, which presents an Acquirer with a compelling opportunity within the burgeoning craft distillery industry. This mature operation is strategically positioned for significant expansion, evidenced by its multi-faceted business model and a clearly defined market penetration strategy.
This business has successfully navigated beyond the initial startup phase, investing in critical infrastructure, and developing relationships to bring the company’s offerings for sale outside of its home base of operations.
This business has successfully navigated beyond the initial startup phase, investing in critical infrastructure, and developing relationships to bring the company’s offerings for sale outside of its home base of operations.
About the Business
- Facilities & Assets
- This business features multiple locations and a very valuable asset package to boot. The flagship distillery is very tastefully done and has been well designed. At just under 10,000 square feet it features: a main bar with indoor/outdoor seating area, spirit production space, facilities for barrel storage/aging, kitchen, event space, and a smaller tasting room/lounge adjacent.
Recently upgraded with a new 10 ton HVAC unit, the building is in a very desirable location with good traffic and limited F&B competition in the immediate area. - Market Outlook / Competition
- North Carolina, presents a strong market opportunity for a craft distiller due to its vibrant demographics and economic activity, coupled with recent favorable changes to state alcohol laws.
The state has recently removed a 5 bottle per consumer per year limit on D2C sales, allowing more product to be sold to customers for off-premise consumption. In addition with an especially high household income and education level, the business is located in a region that supports strong discretionary spending. - Opportunities for Growth
- The business has the starting point and relationships necessary to dramatically improve the distribution model, both in state and just outside. In addition, effectively marketing the D2C online model through any number of different avenues would greatly enhance sales.
Finally leaning into the Event Space and its related demand would bring not only revenue in the door, but provide a chance to get the Distillery's brands in front of a captive audience - be it for sales on site, or at a later date through other channels.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 9,000
About the Sale
- Seller Motivation
- Relocation
- Transition Support
- The owner is fully committed to a successful transition to new ownership and will be happy to negotiate the level of support necessary to convey the business.
Listing Info
- ID
- 2428231
- Listing Views
- 25
Listing ID: 2428231 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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