Would you pay $2.4M for a brewpub in Albuquerque? We wouldn’t—and here’s why.

Business Listing - https://www.bizbuysell.com/business-opportunity/flourishing-taproom-for-sale/2345707/

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In this episode, Heather, Bill, and Michael dissect the listing for a taproom in Albuquerque, New Mexico, that’s asking $2.4 million for a business generating $300K in cash flow. With the real estate not included, the team breaks down the economics of owning a brewery, dives into the intricacies of taproom licensing in New Mexico, and debates whether this is a hidden gem or a real estate play in disguise. Spoiler alert: the numbers don’t add up. From licensing laws to market rent assumptions, this episode is a deep dive into the realities behind the romanticism of owning a brewpub.

Key Highlights:

Asking 8x EBITDA for a taproom with questionable profitability
Real estate valued at $2M not included in asking price
Discussion on current contraction in the brewpub industry
Insight on liquor licensing workarounds in New Mexico
Breakdown of potential mispricing and market rent blind spots
Perspective on real estate being the actual asset over the business
The risks of unsophisticated sellers and brokers in these deals
Evaluation of business scalability and margins in taprooms

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$2.4M Brewpub for Sale: What Are We Thinking?

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