If Steve Harvey ever unveils “Dream Businesses to Own” as a Family Feud category, we’d wager that “craft brewery” will be on the board.
Unfortunately, unlike InBev — which has been buying up craft breweries like it’s going out of style — most of us will never be in a position to live that dream … or we could pool our cash together and buy New York’s Chelsea Craft Brewing Company when it goes up for auction next month.
Now located in the Bronx after rising rents forced it to move from its 19-year home at the Chelsea Piers in 2016, the microbrewery and all of its assets are set to cross the block during a bankruptcy auction at 463 East 173rd Street on a yet-to-be-determined January date.
In addition to the 10,000-square-foot property — which was retrofitted for a state-of-the-art brewing operation in 2016 — those assets include nine beer tanks, a 2.1 million-BTU boiler, 12 fermentation tanks, a 30-barrel brewhouse, a 12-tap tasting room and an in-house kitchen.
In non-physical assets, the sale includes a deal with Union Beer Distributors, a seven-year lease on the property and 15 brands, permits and licenses, according to its Auction Advisors listing.
With the capacity to produce 13,680 barrels of beer annually, the new owner should be good to go. “It’s kind of a turnkey operation,” Auction Advisors managing partner Joshua Olshin told Brewbound.
When we hear the exact date, we’ll pass it on. While you wait, enlist your deep-pocketed friends.
Main image courtesy of Yelp