BREWERY FOR SALE WYOMING MICHIGAN

Business Opportunity for Sale
Catylist Listing ID: 30438095
Property Subtypes: Food and Beverage
Building Size (RSF): 3,022 SF
Gross Land Area: 7.60 Acres
Sale Price: $275,000
Ceiling: 9 ft.
Name of Establishment: Kitzengen Brewery
Business Website Address: http://www.kitzingen-brewery.com/
Year Business Established: 2016
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Relocatable Business: Yes
Sale Terms: Seller willing to Fund portion of the business, short term loan. Cash Purchase, Bank Financed.
Last Updated: 11/19/2019

Overview / Comments

TURN-KEY BREWERY, RESTAURANT, FULL SERVICE LOCATION IN WYOMING.
KITZENGEN BREWERY is a 3 year old, well established Brewery and Restaurant. This Brewery offers a full production facility with multiple brew tanks and full production equipment, a laboratory, new kitchen and back of the house features. All new tables, MTS chairs, custom bar and seating for nearly 100 people. Private Space for parties, catering and groups. Only 3 years old, this new Brewery offers a turn key solution for a Brewery ready to jump in the business. Great opportunity for an Out of Market Brewery wanting to get in the Grand Rapids West MI Brewery scene. The craft microbrewery's namesake is inspired by Kitzingen, Germany where Rommie Bailey Owner/Brewer was stationed while serving in the U.S. Army. Former Kitzingen Army soldiers have sent us memorabilia of the base and Germany to display on our walls. inspired by the proud German brewing tradition but we will give it a healthy twist of the innovative American craft brewing spirit.
250K in Capital improvements, 100 kegs, Brewers Equipment, Laboratory and excellent production tools and more. All new Restaurant Equipment. Full Service Kitchen/Storage, All FF & E Tables, Chairs and all equipment.

Additional Details

Nearest MSA: Grand Rapids-Kentwood
County: Kent
Industry Segment: Bars and Taverns
Reason for Selling: Personal accomplishment hobby and successful. Will to help buyer or start up group.
Value of Inventory Included ($): $25,000
Value of Furniture, Fixtures, and Equipment ($): $245,000
Real Estate Status: Leased
Value of Real Estate Included ($): $75,000
Real Estate Lease Description: 5 years term, up in 2020. renewable for 1, 5 year term.
Part of Planned Development?: Yes
Employee/Labor Description: Local/ Seller is Brewer Operator.
Mgmt/Training Support Description: Seller can be retained.
Competition/Market Description: One of only 3 Brewery's in Wyoming MI. 8 Miles to Downtown Grand Rapids.
Growth/Expansion Opportunities: Strip Center has more space.
Seller Financing Description: Seller will carry, based upon minimum requirements.

View FullscreenMap

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 14,569 104,015 231,960
Median Age: 35.47 33.76 33.85
Households: 5,696 38,960 85,409

Contact

© Copyright 2001-2019 Catylist. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Commercial Alliance of REALTORS West Michigan nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.