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Severance Brewing | Downtown Sioux Falls, SD

Listing Number: 60387-371360
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Listing Details

Severance Brewing | Downtown Sioux Falls, SD
Price: $439,000
Location: South Dakota
  • Down Payment: $439,000
  • Sales: $587,237
  • Seller's Discretionary Earnings: $124,215
  • Inventory: $20,000
  • Furniture, Fixtures, and Equipment: $305,000
  • Rent: $7,215
  • Employees: 12
  • Year Established: 2019
  • Reason for Selling: Pursuing other opportunities

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Business Description

The Opportunity: 
Severance Brewing Company is a community-focused craft brewery and taproom located in the Steel District of Downtown Sioux Falls. The award-winning taproom is steps from Falls Park, Jacobson Plaza, The Canopy by Hilton, Levitt at the Falls and many residential complexes - including one in the same building. It provides a relaxed atmosphere perfect for gathering with friends and family, enjoying an evening on the patio or trying a flight of their latest creations. Whether you're a craft beer enthusiast or just exploring, the taproom creates a pleasant experience for everyone.

The well maintained brewery produces award-winning beer with the ability to double current production with existing equipment and expand with future growth. 
 
Facility & Capacity:
  • 3,352 sq feet retail space plus enclosed heated storage space
  • High density residential, business and entertainment district
  • Maximum occupancy: 90 guests indoors
    • Indoor seating: 76      
    • Outdoor seating: 44
    • Onsite pizza ovens offering locally made pizzas 
    • Indoor taproom with dual garage doors facing Jacobson Plaza and an adjoining outdoor patio space with covered pergola            
Beverage Program:
  • 24 total taps
    • 20 house-brewed beers and hard seltzers
    • 1 rotating guest hard cider 
    • 3 non-alcoholic taps
    • Additional offerings include N/A beer, wine and THC seltzers and soda to appeal to a broad customer base            
Production Capabilities:
  • Current production capacity: 1,000 barrels annually 
  • System capacity: Up to 2,000 barrels annually with additional cellar equipment (room for growth and distribution expansion)
Primary Brewing Equipment: 
  • 2, 2019 Alpha Brewing Ops Unitank 15BBL
  • 4, 2019 Alpha Brewing Ops Unitank 7BBL
  • 1, 2019 Alpha Brewing Ops Gas Fired Brewhouse w/ Automation Package 7 BBL 
  • 1, 2019 Alpha Brewing Ops Mash Tun w/ Grain Out Rake 7 BBL  
  • 1, 2019 Alpha Brewing Ops Electric HLT 15BBL
  • 1, 2022 American Canning AT-1 
  • 1, 2019 Alpha Semi Auto 2-Head Keg Washer
  • 1, 2019 RMS Roller Grinder
Staffing:
  • 10 part-time employees (taproom and service staff)
  • 1 full-time brewmaster overseeing production and quality
  • 1 full-time sales representative managing distribution and partnerships
Lease:
  • Favorable lease terms with 9 years remaining. Terms are available with a signed NDA.
Bank / SBA Approved
  • Local Bank SBA approved financing available 
Potential Growth 
  • The brewery is currently doing 400 barrels of production annually. The current system has capacity for 1,000 annual barrel production and has room to grow to 2,000 annual barrel production.
 
 

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