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Texas Mfg-foods Frozen Business For Sale 26832

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Manufacturing Businesses For Sale
UNION BAY GROUP
3401 Evanston Ave. N. Ste. A
Seattle, WA 98103
UNITED STATES

p.2067831717
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Category: Manufacturing SIC:
Detail: Mfg-Foods Frozen Price: $330,000
County: Down: $330,000
State/Prov.: TX Adj Net: $12,914
Country: USA Sales: $496,219
Relocatable No Home based No Franchise No Lender pre-qualified No
The Company is a well-established neighborhood destination brewpub offering their own on-site freshly crafted, high quality beers paired with their own kitchen. Located in Houston, TX, they draw a loyal following from Houston, Spring, The Woodlands, Conroe and the surrounding communities. A wide variety of beer styles are produced for exclusive consumption at the adjoining taproom, plus wholesale distribution. On-premises and to-go beer is available, with a rotating variety of cans, bottles, growlers, and crowlers. The brewery owns its canning line. This brewpub offers 15+ rotating craft beer varieties all in a comfortable taproom and shaded patio with ample parking. Their location is on a busy road with easy access to the interstate and local neighborhoods.

The business is well-established with a loyal following built over the past several years. The company has a history of making a wide variety of beer styles, helping customers broaden their tastes and return to try new things on a regular basis. The brewery has over 70 approved distribution labels, and many more taproom-only recipes.

Though the greater Houston area has over 70 breweries and brewpubs, this brewery is regularly mentioned in lists of Houston?s best breweries. Overall sales are APPROXIMATELY 35% Taproom beer, 31% food, 16% packaged/beer to go, 12% Self-distribution Kegs and 4% other/merchandise. The seller states that the business has excellent matching books & records and that they can prove all sales, expenses and income.

The brewery equipment was manufactured by one of the top producers in the brewery industry and includes a 3.5 BBL brewhouse plus 11 unitank fermenters totaling approximately 84 BBLs. Current lead time for this equipment is approximately 12-18 months. The equipment was designed to provide maximum versatility; the Brewhouse and every tank were designed for space and flexibility, taking advantage of the brewhouse layout. The business has plenty of capacity to produce draft beer in kegs sold to restaurants & bars plus canned beer for retail sales.

The craft brewpub offers quality beers in a relaxing, spacious environment. The American beer lover craves variety and novel beer experiences, and this brewery has the distinct advantage of offering an exclusive experience that both beer lovers and non-beer lovers seek. Their customers are primarily local patrons looking for a unique, one-of-a-kind experience.

The business operates with well-trained, satisfied, motivated employees, plus a part-time owner overseeing the business. A trained brewer manager can operate most aspects of the business. Employees enjoy working at the brewery and handle 95% of the business operations. The owner believes that the managers, brewers and staff are willing to stay.

Although the industry is very competitive, the business has superior beer, excellent customer service, a destination venue with many growth opportunities, and is recession-resistant. The brewery is operating at about 66% capacity, allowing substantial growth with little to no incremental investment. There are many opportunities to increase sales and profits. Annual capacity can be increased by adding fermentation tanks, varying production methods, beer selection and production scheduling. As this craft brewer continues to grow its loyal fanbase, there is an IMMEDIATE opportunity to further expand sales and distribution through the Houston region.

The asking price for the assets of the business is $330,000 ALL CASH or $450,000 with $150,000 down and $300,000 seller financing to a qualified buyer (approved by the Seller) for 5 years at 8% (monthly payments of approximately $6,083/mo). All financing is to be personally guaranteed. SELLER PREFERS TO SELL FOR ALL-CASH. Purchaser will need to assume 1) keg deposits of $1,240 and 2) Gift Cards of $846 (valued at ~80% of outstanding $1,057 balance). The assets include inventory of $54,000, TTB/TABC approved labels valued at $8,100, Accounts Receivables of $0 (no billed accounts) and FFEV (Furniture, Fixtures, Equipment and Vehicle) valued at $293,000. Inventory including raw materials, merchandise, WIP (Work in Process) and finished goods will be valued at cost. The price will be adjusted for actual inventory, work in process (WIP), outstanding gift cards and accounts receivables as of the sale date.

NOTE: The sale of a business is confidential and discreet; PLEASE DO NOT VISIT THE BUSINESS OR SPEAK WITH ANY EMPLOYEES. We know about many businesses that are for sale but might not be advertised. Check out www.adamnoble.com for more information and consider registering your criteria as a purchaser.

KEYWORDS: beer brewery brewpub hops malt yeast ale lager pilsner bock draft public house taproom alehouse tavern sell my craft brewpub business for sale

Facilities: The business occupies approximately 3,150+/- SF (plus 1,000+/- SF patio) leased at approximately $6,678/mo including NNN. The lease term expires ~5/31/2025 with small annual rent increases and two 5-year options. Utilities average approximately $1,500+/- monthly and the security deposit is approximately $5,890.50

Competition: The craft beer industry is very competitive. The business attracts customers from the local neighborhood and major metro areas in north Houston, Texas. Though the greater Houston area has over 70 breweries and brewpubs, this brewery is regularly mentioned as one of Houston?s best breweries. Despite the presence of competitors, the business has quickly developed a loyal following and has substantial growth opportunities.

Growth & Expansion: Beer is sold primarily via a) on-site sales (taproom and ?To Go?) and b) off-site account sales. The brewery operates at approximately 66% capacity. There is plenty of existing capacity that can be sold at high margin. A new, energetic owner can further increase sales & profits in many ways: 1) Increase outside sales, 2) Increase production and distribution, 3) Increase productivity, 4) More detailed actions are described in the Confidential Business Profile.

Financing: Price $330,000 ALL-CASH or $450k with $150K down & $300k seller-financing

Support & Training: Seller will train buyer for 2 weeks included with the purchase price. Seller is willing to provide additional training at mutually agreeable fixed compensation to assist with general management functions for a finite period.

Reason for Selling: Owner has successfully created and grown their business. The owner plans to return to non-brewery industry after a successful transition.

For information: Reference Houston-Area Small-batch Craft Brewpub 19998 and contact Jeff Adam, PE, MCBC, FRC, CBB at Adam Noble Group, LLC. Phone: (817) 467-2161
A/R: Real Estate: $0.00
Inventory: $54,000.00 Other Assets: N/A
FF&E: $293,000.00 Total Assets: N/A
Leasehold: $0.00 Included: N/A

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