Purchase, Improvement, and sale of business. (Craft Beer Bar.)

[Robert Bowker]

Investment Info:

Other other investment.

Purchase price: $138,000
Cash invested: $25,000
Sale price: $220,000

This was the sale of a business ventures (Craft Beer Bar.) After purchase I was able to increase the revenue of the business by over 350% in its 1st year of new ownership. The number during our first year of ownership matched projections within 3%. I just exited the business and sold my equity to my partner for a 400% return on my initial cash investment!

How did you finance this deal?

Long Term Personal loans.

How did you add value to the deal?

Increase customer traffic, thru marketing, better inventory management, staffing improvements, and being recognized as the best craft beer destination in the Hudson River Valley. Name of the business is Draught Industries.

What was the outcome?

Made an over 400% return on the initial cash investment.

Lessons learned? Challenges?

Businesses are like living breathing entities they need your attention and skill set, until you put better people in place.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

no.