Award-Winning Craft Brewpub & Restaurant

Not Disclosed, IL

Historic Illinois Tourist Destination


Asking Price: Annual Revenue:
$997,000 $1,111,276

Food & Beverage: Bars, Clubs, Nightspots


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RE: Award-Winning Craft Brewpub & Restaurant Broker: Chelsea

Quick Facts

Asking Price: $997,000
Annual Revenue: $1,111,276
Net Profit: Not Disclosed
Cash Flow: $123,801
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 24
BBN Listing #: 396858767
Broker Reference #: Not Disclosed

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Business Overview:

The business is a brewpub and restaurant located in a premium, historic tourist city in Illinois, which draws 1.8 million visitors per year from a 150 mile radius.  In operation since 2010, the company uses only the best local ingredients and has taken strides to ensure that their table and bar service is excellent, which is consistently reflected in online and in-person feedback.

The company offers its clients regular house brands on 24 taps, including seasonal and guest drafts, in addition to a delicious pub menu. The brewery is known for its full bodied, flavorful but very drinkable ales and lagers. Beer reviews from the public and beer lovers are consistently positive, almost without exception.  The brewery has won 13 prestigious awards for its beer, including World Cup Silver and World Cup Gold awards.

The company’s main building, independently owned by the sellers, covers 15,290 square feet on two floors and stretches 120 ft with a two-lot frontage of 83 feet. The building has a loading dock with access from both main downtown streets through two remotely controlled roll up doors.  Stretched over a total area of 10,040 square feet, the building’s first floor comprises a restaurant, kitchen, brewhaus, cellar, walk in cooler, retail space, tap/party room, and a storage/ dock area. The second floor includes 3 apartments, a furnished office, and a furnished staff meeting room/storage room.

The company also offers tours, beer tasting flights, and a full bar. The brewpub’s lively ambiance is enriched by live music and dancing most weekends, as it is the place to perform for visiting bands and musicians.  The company’s gift shop sells logo merchandise, glassware, packaged beer, and other themed merchandise. Inventory is refreshed quarterly. Flagship ales and seasonal beers are retailed at the brewery for carry out in 22oz bottles, growlers, or kegs. Occasionally, special limited releases are sold in 22oz bottles.

The company's branding leverages the rich brewing history of the area and its prominence as a frontier riverboat, mining, and brewing town. The company has been building its strong brand presence in the Midwest tri-states region since April 2009.  Today, the Company continues its growth due to its ability to react quickly to the growing demand from increasing tourism within the area.

A second leased location opened in May 2019, currently as an ale house for the brewery, but is slated to be converted into a brewpub during 2020. This full bar and gaming/meeting area is located in a high traffic, and densely populated area, 1.5 hours away, and has already increased sales volumes significantly.

Various opportunities for growth still exist for the Company through the repurposing of warehouse space on the first floor and developing and expanding the second location into a brewpub, both of which could provide growing revenue streams.  

Purchase Considerations:
* Established business with a strong brand synonymous with premium craft beer, delicious pub food,  live music, and superior customer service
* Being the only brewery in the area offers the company exclusive access to the local tourist market and its +1.8 million yearly visitors
* In May 2019, the company opened a new ale house as an added outlet for its products and a distribution warehouse which will soon be a full brewpub, allowing significant cost reductions in transporting beer between their locations, and is projected to match the bar revenue at their primary facility
* Strong beer brand supported by thirteen prestigious awards for its beer
* Highly skilled management team and friendly staff who operate independently of the owners
* Attractive options to improve net worth and margins within a short period of time
* Returning customers make up 30% of the customer base
* Strong presence and influence in the local communities and areas of operation
* Option to run the business remotely thanks to the highly qualified staff and the adopted online processes
* Adaptable brewery, effectively navigating changes in consumer preferences and responding accordingly to changes in demand.
* The company services a valuable region conveniently located between three states (Wisconsin, Illinois, and Iowa), a unique opportunity to a buyer interested in expanding their footprint into the Midwest markets.
* In a growing industry – retail dollar sales of craft beer increased 7%, up to $27.6 billion, and now account for more than 24% of the $114.2 billion U.S. beer market.

Both owners have stepped back from the day-to-day operations leaving the operations to a management team. They would like to divest of the business and spend their time in retirement on their other outside interests.  The company is currently up for sale for $997,000 due to the Company’s strong brand name and incredible growth potential with the opening of the second location.

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Property Features and Assets:

-Brewery building (10,015 square feet) is owned by the owners. - The Ale House building (3,465 square feet) is leased. The cost of mortgage/rent: - Brewery $57,600/year, $5.75/square feet/year -Ale House $39,360/year, $11.36/square feet/year

Market Competition and Expansion:

As the sole brewery in its city, the company has no competitors. The key differentiator of the company in comparison to nearby breweries is the fact that it is conveniently positioned as the only craft brewpub in a major tourist destination. It is the 3rd most popular tourist destination in Illinois, attracting 1.5 million visitors per year and offering competitive pricing on its brands.

Reason for Selling:

Owners want to retire.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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