$2.4M Brewpub for Sale: What Are We Thinking?

Would you pay $2.4M for a brewpub in Albuquerque? We wouldn’t—and here’s why.Business Listing - https://www.bizbuysell.com/business-opportunity/flourishing-taproom-for-sale/2345707/📢 Episode Sponsors: 📈 Check out Capital Pad, the platform for acquisition entrepreneurs and investors—standardized terms, simplified investing. Get started at https://capitalpad.com.Thinking about owning a franchise? Connor Gross is your go-to expert—join his newsletter or attend a Gateway to Franchise Ownership workshop today. Learn more below!In this episode, Heather, Bill, and Michael dissect the listing for a taproom in Albuquerque, New Mexico, that’s asking $2.4 million for a business generating $300K in cash flow. With the real estate not included, the team breaks down the economics of owning a brewery, dives into the intricacies of taproom licensing in New Mexico, and debates whether this is a hidden gem or a real estate play in disguise. Spoiler alert: the numbers don’t add up. From licensing laws to market rent assumptions, this episode is a deep dive into the realities behind the romanticism of owning a brewpub.Key Highlights:Asking 8x EBITDA for a taproom with questionable profitabilityReal estate valued at $2M not included in asking priceDiscussion on current contraction in the brewpub industryInsight on liquor licensing workarounds in New MexicoBreakdown of potential mispricing and market rent blind spotsPerspective on real estate being the actual asset over the businessThe risks of unsophisticated sellers and brokers in these dealsEvaluation of business scalability and margins in taproomsSubscribe to  weekly our Newsletter and get curated deals in your inboxAdvertise with us by clicking hereDo you love Acquanon and want to see our smiling faces? Subscribe to our Youtube channel.Do you enjoy our content? Rate our show!Follow us on Twitter @acquanon Learnings about small business acquisitions and operations.For inquiries or suggestions, email us at [email protected]