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