$2.4M Brewpub for Sale: What Are They 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! Website: https://www.acquanon.com/ Twitter: https://twitter.com/acquanon ✉️ Subscribe to our Newsletter and get more deals like this every week: https://www.acquanon.com/newsletter 🔔 Subscribe to Acquisitions Anonymous: https://www.youtube.com/@AcquisitionsAnonymousPodcast?sub_confirmation=1 🎧 Listen to our full episodes on your favorite podcast platforms: https://www.acquanon.com/episodes Episode Description: 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 profitability - Real estate valued at $2M not included in asking price - Discussion on current contraction in the brewpub industry - Insight on liquor licensing workarounds in New Mexico - Breakdown of potential mispricing and market rent blind spots - Perspective on real estate being the actual asset over the business - The risks of unsophisticated sellers and brokers in these deals - Evaluation of business scalability and margins in taprooms