Similar businesses sell at 2.1x to 9.8x SDE. Compare live listings and connect with sellers.
This is a rare opportunity to acquire a well-established craft brewery and hospitality business with the opportunity to acquire the real estate underlying both operating locations in one of Tennessee’s fastest-growing metropolitan markets. The company has built a strong reputation as a community-centered destination known for exceptional customer experiences, diversified revenue streams, and a loyal customer following. The business operates in two locations and has successfully expanded its footprint while maintaining strong brand recognition and customer engagement. Ownership has invested substantially in real estate, facilities, brewing infrastructure, equipment, and operational systems, creating a turnkey operating platform with significant infrastructure already in place. Unlike many breweries that rely primarily on distribution, this business has developed a hospitality-focused model featuring food service, family-friendly gathering spaces, outdoor amenities, private events, community programming, and direct-to-consumer beverage sales. The result is a diversified revenue model extending well beyond traditional beer distribution. Highlights Include: •Revenue exceeding $5 million annually •Approximately $985,000 in normalized 2025 SDE •Significant revenue growth following expansion to a second location •Two established operating locations with underlying real estate available for acquisition •Diversified revenue streams including taproom, food service, events, beverage sales, distribution, and merchandise •Substantial recent investment in facilities, brewing infrastructure, and equipment •Established management and operational infrastructure •Family-friendly and community-focused brand positioning •Strategic locations within the growing Tennessee markets •Additional growth opportunities through continued development of the newer location, partnerships, distribution, events, and product innovation The company’s most recent expansion represents a substantial investment in its long-term growth platform. With the major buildout and infrastructure investments already completed, a buyer has the opportunity to acquire the operating company together with a significant real estate portfolio supporting its operations. Ownership’s preference is to pursue a combined business and real estate transaction; however, the assets have been structured to allow qualified buyers to evaluate the operating business and individual real estate components independently. This opportunity may be particularly attractive to strategic brewery or hospitality operators, private investment groups, restaurant groups, family offices, or owner-investors seeking both operating cash flow and ownership of the underlying real estate. Additional financial information, property details, and transaction information are available to qualified buyers upon execution of a Non-Disclosure Agreement.
Skip the line and the risk that’s involved in starting up your own brewery, and instead, buy one that’s already a proven success! This acquisition opportunity represents an established craft beverage business right in the heart of Nashville. It has a loyal customer base, differentiated products, and a strong reputation within the rapidly growing Nashville market. The business has built its success through a unique brand identity, high-quality products, and a welcoming hospitality-focused environment that drives repeat customer engagement. The company operates from a well-developed facility with established infrastructure, trained staff, and a proven operating model and product. Significant (recommended) opportunities exist to expand revenue through increased event programming, strategic partnerships, taproom expansions, and expanding product distribution. This is ideal for an owner-operator, industry professional, or strategic buyer seeking an established platform with scaling profit potential. This is a rare opportunity to acquire a respected brand with a popular product and is actively profitable. Additional information available upon execution of a confidentiality agreement.
National transaction benchmarks for brewery businesses.
Under $500K
A variety of factors can cause businesses to trade outside this range, including earnings quality, operational transferability, key-person risk, growth trajectory, and geography, so a listing priced above or below the typical multiple usually reflects real differences in the underlying business.
Cofounder & CEO
Key diligence, valuation, financing, and transition considerations for buyers evaluating brewery acquisitions.
Taproom revenue prints money; distribution barely covers freight. A pint sold at the brewery's own taproom returns roughly 80% gross margin. The same beer sold through a wholesaler returns 30–40% margin, after the three-tier system takes its cut. A brewery that's 60%+ taproom is a real business; one that's 60%+ wholesale is a beer factory subsidizing a hobby. Get the revenue mix before you do anything else.
Visit with someone who knows brewhouses. A 10-year-old 15-barrel system that's been maintained looks similar in photos to a 20-year-old system that hasn't been. The difference at sale is hundreds of thousands of dollars in deferred maintenance: glycol systems, mash tuns, fermenters, packaging lines. Hire an independent brewing engineer to inspect before you close. They'll catch what the seller's photos hide.
You inherit the wholesaler relationship. In most states, beer-distribution franchise laws make it nearly impossible to fire a wholesaler. If the brewery you're buying has a bad wholesaler — slow to invoice, weak retail placement, no marketing support — you're stuck with them indefinitely. Read the distribution agreements and ask the seller honestly about wholesaler performance. A great brewery with a weak distributor is a discount; a great brewery with a great distributor is worth a premium.
Build six months of TTB delay into the timeline. Federal alcohol licensing (TTB) and state alcohol licensing both have to be transferred or re-issued when ownership changes. TTB transfers typically take 90–180 days; state varies. You cannot legally brew or sell during the gap. Plan to either delay closing until licensing is approved, or structure the deal so the seller continues to operate under their license during a transition period (which has its own legal issues).
Recipes aren't automatically yours. Beer recipes, brand names, label designs, and trademarks need to be specifically listed in the asset purchase agreement. If the seller's head brewer also brews on the side, ask whether any of the flagship recipes were developed elsewhere or might be subject to creator claims. Trademark registrations should be assigned in writing as part of close, not assumed to transfer with the entity.
Count the breweries within 20 miles. The U.S. went from 1,500 breweries in 2008 to over 9,000 by 2023. Many secondary markets are saturated — there are more breweries than the population can support. If five other taprooms opened in your market in the past three years and beer-only revenue is flat industry-wide, expansion is harder than the seller's pitch suggests. The successful path is usually deeper local roots, food programs, events, and merchandise, not more beer.
Answers to common buyer questions for this market.
