Severance Brewing | Downtown Sioux Falls, SD

Business Overview:

The Opportunity:  Severance Brewing Company is a community-focused craft brewery and taproom located in the Steel District of Downtown Sioux Falls. The award-winning taproom is steps from Falls Park, Jacobson Plaza, The Canopy by Hilton, Levitt at the Falls and many residential complexes - including one in the same building. It provides a relaxed atmosphere perfect for gathering with friends and family, enjoying an evening on the patio or trying a flight of their latest creations. Whether you're a craft beer enthusiast or just exploring, the taproom creates a pleasant experience for everyone. The well maintained brewery produces award-winning beer with the ability to double current production with existing equipment and expand with future growth.   Facility & Capacity: 3,352 sq feet retail space plus enclosed heated storage space High density residential, business and entertainment district Maximum occupancy: 90 guests indoors Indoor seating: 76       Outdoor seating: 44 Onsite pizza ovens offering locally made pizzas  Indoor taproom with dual garage doors facing Jacobson Plaza and an adjoining outdoor patio space with covered pergola             Beverage Program: 24 total taps 20 house-brewed beers and hard seltzers 1 rotating guest hard cider  3 non-alcoholic taps Additional offerings include N/A beer, wine and THC seltzers and soda to appeal to a broad customer base             Production Capabilities: Current production capacity: 1,000 barrels annually  System capacity: Up to 2,000 barrels annually with additional cellar equipment (room for growth and distribution expansion)Primary Brewing Equipment:  2, 2019 Alpha Brewing Ops Unitank 15BBL 4, 2019 Alpha Brewing Ops Unitank 7BBL 1, 2019 Alpha Brewing Ops Gas Fired Brewhouse w/ Automation Package 7 BBL  1, 2019 Alpha Brewing Ops Mash Tun w/ Grain Out Rake 7 BBL   1, 2019 Alpha Brewing Ops Electric HLT 15BBL 1, 2022 American Canning AT-1  1, 2019 Alpha Semi Auto 2-Head Keg Washer 1, 2019 RMS Roller GrinderStaffing: 10 part-time employees (taproom and service staff) 1 full-time brewmaster overseeing production and quality 1 full-time sales representative managing distribution and partnershipsLease: Favorable lease terms with 9 years remaining. Terms are available with a signed NDA.Bank / SBA Approved Local Bank SBA approved financing available Potential Growth  The brewery is currently doing 400 barrels of production annually. The current system has capacity for 1,000 annual barrel production and has room to grow to 2,000 annual barrel production.

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Property Features and Assets:

2019

Market Competition and Expansion:

The brewery is currently doing 500 barrels of production annually. The current system has capacity for 1,000 annual barrel production and has room to grow to 2,000 annual barrel production.

The current market is limited to micro-brewery and taprooms only relying on bars and restaurants.

Reason for Selling:

Pursuing other opportunities. Kindly ask the seller for more information.

Additional Details:

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