Sell A Business
Do you want to sell a brewery or other craft beverage (e.g. cidery, winery, distillery, soda) business? When you hire NRP you not only gain expertise from craft beverage industry experts, but you increase the visibility of your property significantly. We work with local, regional, and national businesses and franchises. Here is a partial list of the businesses we have experience working with:
When you hire NRP as your broker you benefit from:
- Marketing efforts of NRP’s 14 national offices.
- Visibility for your business/property through www.CraftBreweryforSale.com (advertised in several major craft beverage media outlets), www.RestaurantStore.com and www.AshevilleRestaurantStore.com (receives an average of 106 unique visitors per day).
- National Restaurant Properties’ approved buyers are immediately alerted of your listing.
- Information about your property/business will be sent to our database of over 5,000 entrepreneurs interested in craft beverage businesses.
- Your listing is posted on all Asheville NRP’s social media, which includes over 650 Twitter followers and over 400 Facebook followers.
WHAT WE REQUIRE OF SELLERS:
Due to the time and marketing dollars we invest in our clients, we only offer exclusive right to sell representation. Regardless of how much money we spend to market your restaurant, we will not charge a dime unless your craft beverage business sells. When a seller commits to honoring our terms, we will do everything in our power to sell their business through our networks, marketing, and national presence.
Our brokers determine the Real Bottom Line Value of your Craft Beverage Business or Commercial Property.
Determining the true market value of a brewery or other craft beverage business takes expertise. Brand recognition and market share are important selling points. Other factors considered in fair market pricing are the condition of the current market and what it will allow, as well as location, lease conditions, and overall state of the establishment.
How do we determine market value for your craft beverage business? We need the following information to properly evaluate the financial worth of your business:
1) We need to see the following documents:
Profit and Loss Statement, Balance Sheet, and Copy of the Lease
2) Is Your Business Profitable/ Unprofitable?
We sell both, but buyers pay extra for a successful track record. Even if unprofitable, brand recognition and market share can still be very valuable. Buyers will also pay for the sale of tangible assets (i.e., furniture, equipment, inventory, real property, etc).
3) We Need Access to Verifiable Gross Sales.
Gross sales must be substantiated by profit and loss statements, sales tax reports, bank statements, and other records. Buyers will expect to see all of these before they buy.
4) We Need to Know Your Operating Costs.
It’s important that buyers know the operating costs associated with your business. This list includes, but is not limited to rent payments, liability insurance, employee labor, and beverage production and distribution costs. You will need appraisals of real property if your broker is to effectively market your restaurant.
5) What is the Real Reason for Selling?
Buyers want to know the real reason a business is on the market. Some valid reasons include poor management skills, retirement, divorce, family considerations, health, and burn out.