Asking Price: $1,990,000 Gross Revenue: $850,000Cash Flow: Not DisclosedEBITDA: Not DisclosedInventory: $50,000 included in asking priceFF&E: $400,000 included in asking priceReal Estate: $1,600,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This historic firehouse has been pristinely preserved and renovated; the result is a modern industrial themed micro-brewery and gastropub that brings in regular locals, tourists and college students from the surrounding area. The owner has agreed to sell both the building and the business which has incredible potential to expand and continue to build its reputation for fine craft beer. The renowned chefs have created an exquisite menu designed to complement each of the six specialty brews made in house. Among the specialties served here is a charcuterie selection made from locally sourced meats and cheeses as well as a locally owned, sourced, and brewed coffee producer; this involvement in the community is just one of the reasons it's quickly become a local favorite. Included with this chic vibrant restaurant is a fully functional, optimally loaded micro brewery capable of brewing for both retail and wholesale components in 7-barrel (217 gallons) batch sizes. Current production capacity per annum is approximately 500 barrels. This is based on 1.3 brew cycles per week for Ales, this can be increased by 33% with the addition of cold storage space and/ or a barrel aging program. Whether you're interested in owning and operating a brewery or attracted to the idea of owning a historic landmark such as this one, there's something here for all investors!
About the Business
Building Sq. Ft.:
Restaurant opened in October 2015, after extensive renovations to the building and a large amount of additions to the property, including all of the equipment needed for a top-of-the-line kitchen and microbrewery. Property appraised at $1.6 M.
Growth & Expansion:
There is an immense amount of potential for this business. A number of nearby theaters and entertainment venues are attracting a high-income clientele and a large apartment complex is set to open in 2017.
Newly Furnished Gastro-Pub and Microbrewery~30 % off , Priced to sell!
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 & Conditions.