For Sale: Mill Whistle Brewery
Beaufort, NC
09/18/2024 10:39 AM

Mill Whistle Brewery                                       $95,000

Mill Whistle Brewing is Carteret County’s oldest craft brewery, incorporated in 2013.  It takes its name from being on the site of the old lumber mill that closed in the 1970s.  The original mill steam-whistle hangs on the wall inside the taproom. This whistle used to sound at the end of the workday to let workers know it was the end of the workday. Outside, the replica sounds at 4:45 daily, now letting people know that its beer o’clock.  Current owner grew up in Beaufort, attending elementary school in the building on Mulberry and eventually graduating East Carteret. After being out of the area for 20+ years, he jumped into the idea of hometown brewery ownership headfirst, having never brewed before! Two years later, the owner’s career is pulling him in a different direction and Mill Whistle is for sale. The sale is a corporate stock sale of all shares.  Share sale allows easier transfer of ABC permits and ability to inherit the depreciation left on the assets.

The sale includes all FF&E with a current value on the books of $81,000

-       This is the one barrel brewery, 11 fermenters, 2 chillers, 100+ kegs, and all auxiliary equipment needed to brew, chill, ferment, keg, and carbonate beer

-       Massive 400sqft walk-in cooler with new compressor and back-up refrigeration system built in.

-       All taproom fixtures

The sale includes all soft assets

-       50+ beer recipes

-       10 GS1 UPC barcodes

-       50+ state ABC approved label designs

-       Trademark for Dirt Nap Fest, annual hearse show

The sale includes all inventory

Lastly, it is an established business with a great customer base (priceless J)

We have experienced excellent growth over the past 2 years, with sales steadily up 25% YOY and the summer being up 55% YOY.  The product speaks for itself and the business is headed in the right direction, it just needs someone who can invest the time and energy to take it to the next level.

Reference
Matt Herman
9199491436
 
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