Your Guide to Buying a Brewery

The craft beer industry has taken off in recent years, making it a popular business in today’s market. With beer drinkers seeking out specialty brews in place of big-name brands, there’s money to be made in the industry if your brewery stands out from the crowd. If you’re considering entering the business in New Hampshire, you’ll need this guide to buying a brewery.

3 Tips for Buying a Brewery

Before you make your purchase, prepare for the transaction with the following tips from the experts at Sunbelt Business Brokers of New Hampshire.

1. Assess the Brewery’s Location

Though brewery businesses are on the rise, it’s still crucial to assess where the brewery’s located to help give you an idea of its potential under your ownership. Research businesses nearby to determine how much competition is in the area and how your brewery will stand out among established businesses.

It’s also important to remember New Hampshire is a hotspot for tourists in both the colder and warmer months. Decide if your goal is to serve locals in the area, capitalize on tourists who visit, or to become the next go-to brewery that appeals to the masses.

2. Determine What the Brewery is Worth

Though a business is ultimately worth whatever a seller is willing to pay, it’s essential you clarify how the current owner priced the brewery. Be sure you question the current sales, recurring expenses, and determine what exactly is included in the sale price. Though these are only a few key questions you should ask, and a Sunbelt business broker can help you navigate the transaction, so you have all the answers you’ll need for a successful sale.

3. Ask Why the Brewery is for Sale

There are several reasons an owner may wish to sell their business. While purchasing a new business is exciting for the buyer, it’s crucial you don’t miss any red flags. If the owner blames sales, customer traffic, or expenses, it’s likely a sign that the brewery is not doing well. Though new ownership can certainly solve these business issues and more, it’s best to refer to a business broker who is familiar with the local market and can provide professional insight.

With these tips in mind, you’re one step closer to buying a brewery. Sunbelt Business Brokers of New Hampshire is here to help with professional insight and assistance throughout the deal from start to finish. Contact us today to learn how we can help you purchase your next New Hampshire business.