Edenton Ice Company Acquisition Proposal 119 West Water Street Edenton, North Carolina Submitted by...
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Transcript of Edenton Ice Company Acquisition Proposal 119 West Water Street Edenton, North Carolina Submitted by...
Edenton Ice CompanyAcquisition Proposal
119 West Water StreetEdenton, North Carolina
Submitted by John Conger Glover
July 21, 2015
Acquisition OwnerJohn Conger Glover
• North Carolina native, age 52
• Grandson of Joseph Harold Conger, former
owner of the Edenton Ice Company
• 20 years of experience in the beer business
as Anheuser Busch wholesaler in Raleigh, NC
• President, Harris Wholesale in Raleigh, NC
• Sold in 2008
• Solid financial strength
J.H. Conger, Chowan Herald, 1938
Chowan Herald, 1938Edenton Ice Company
Edenton Brewing Company119 West Water Street
Edenton Brewing Company
Branding by Helms Workshop
Notable clients include:
• Fullsteam Brewery
• Jack Daniel’s
• Southern Comfort
• Grander Panama Rum
• Bauhaus Brew Labs
• Austin Beerworks
• Pabst Brewing
• Alamo Drafthouse
Cinema
Edenton Brewing Company
Design by Maurer Architecture
Notable clients include:
• Trophy Brewing Company
• Blackjack Brewing
Company
• Carolina Brewing
Company
• White Street Brewing
Company
• Bull City Burger &
Brewery
Vision for Edenton Brewing Company
• Brewery and restaurant adjacent to the
lighthouse and park
• Outdoor seating area overlooking the water
• Family friendly
• Draw for locals and tourists
• Lighthouse visitors can follow their tour with
a drink and a snack without getting back in
their car
• Emphasis on local goods will boost the local
economy
Vision for Edenton Brewing Company
Brewery& Restaurant
OutdoorSeating
Parking
RecreationArea
RoanokeRiver
Lighthouse
Vision for Edenton Brewing Company
Brewery1700 SF
Seating1100 SF
Occupancy: 73
Taproom700 SF
Occupancy: 39
Kitchen670 SF
ServiceAreas
750 SF
OutdoorSeating
Taproom
Seating Area
Outdoor Seating
Why Craft Beer?
The Industry
Industry revenue has grown almost 500% in the past 10 years, with craft breweries opening at a rate of 1.5 per
day
The Consumer
A majority of consumers “like to experiment with different styles, flavors”
and “like the variety of styles and brands”
The Economy
Small and independent American craft brewers contributed $33.9
billion to the US economy and provided
more than 360,000 jobs
Acquisition and Renovation
$ 282,000 Price as per appraisal (Completed by Andy Piner, Moore and Piner
November 24,2014)
$ 200,000 Estimated Renovation Cost
$ 100,000 Estimated Brewery Installation
$ 100,000 Estimated Kitchen Equipment
$ 100,000 Estimated Fixtures and Furnishings
4-6 New Jobs Created
Financial and business plan in development
LLC yet to be formed