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