Listing Number: 12451-990273
Description
Excellent High Traffic Location - Space & Equipment in “Like-New” Condition - Listed 400k+ Below Today’s Average Start Up Cost for Micro/Craft Breweries
This fully equipped Micro Brewery is located in an up-and-coming part of Norfolk in a historic building. During the transformation into a brewery the seller spared no expense throughout the painstaking process of transforming this old building into a hip, open and inviting space. There is a large open feeling on the inside and ample room for spill over, food trucks and entertainment on and around the recently renovated patio area. The seller has chosen to focus more on distribution and decided to close and sell their second location to do so. The seller is willing to brew any additional beer that may be needed to support the crowd the new owner can potentially look forward to. A facility like this would certainly cost well north of One-million dollars today.
Key Investment Considerations:
• High Visibility, Unique Location and Facility.
• Beautiful, Hip, Open, Inviting and Well Thought Out 6,034 sq/ft Space.
• It would cost $1,000,000+ to create a similar space today.
* Parking for over 50 cars.
• Prime location on a busy thoroughfare (DOT reports 15,000+ passersby daily in 2018).
• The top of the line brewing equipment with a 3.5 BBL Brewhouse capable of producing 200 BBL annually has been kept in “like new” condition.
• 20 Tap state of the art system and, large bar and service area already installed and ready to pour cold beer.
• Security plans and all requirements for the required Brewer’s Permit have been handled and the application process should be a breeze for a new brewer.
• $700,000+ in current asset and buildout value included in the listing price.
• Perfect for a start up brewery at an affordable cost or an additional location for an existing brewer looking to expand their very high margin on site beer sales.
*As always brokers please bring your qualified buyer’s
Listing Details
- Price: $600,188
- Down Payment: $600,188
- Sellers Discretionary Earnings: $0
- Total Sales: $0
- Location: Norfolk, Norfolk City, Virginia
- Inventory: $0
- FF&E: $237,000
- Employees:
- Year Established: 2021
- Reason for Selling: Next Chapter
- Category: Liquor Related Biz
