Profitable Tap Station and Food Cart Pod

Monmouth, OR
Welcome to Dry Town
Sale Pending
Asking Price:$185,000
Inventory:$15,000
FF&E:$120,289
Gross Revenue:$359,472
Rent:$3,000
Established Year:2021
BUSINESS DESCRIPTION

Dry Town Tap Station

Monmouth, Oregon

Business Overview:
Dry Town Tap Station is a well-established and highly regarded establishment situated in the heart of Monmouth, Oregon. Known for its vibrant atmosphere and community-centric approach, Dry Town Tap Station has become a local favorite and a must-visit destination for visitors. Dry Town is located an remodeled service station remodeled into a tap station with roll up garage doors that open the indoor seating to the outdoor environment and stage. Long lines form during beautiful summer weekends with local events in the attached park and live music on the Dry Town Stage.

Features and Amenities:
**Taps and Bar** The tap station boasts approximately 20 rotating beer taps, offering a diverse selection of craft beers to satisfy every palate. In addition to the extensive tap list, Dry Town Tap Station features a full bar, providing a wide range of spirits and cocktails.
**Food Trucks** The establishment includes three on-site food trucks slots, enhancing the culinary experience for patrons. One food truck is managed and operated by Dry Town Tap Station, while the other two food cart slots are rented out to private owners, creating a dynamic and varied food offering and additional rental income.
**Entertainment and Community Engagement** Dry Town Tap Station is renowned for its live music events, particularly during the summer months. Located adjacent to the town's city park, the business benefits from the numerous summer concerts and activities held nearby, attracting both locals and visitors.
**Prime Location** Situated on the main thoroughfare of Monmouth, the Tap Station and Food Carts enjoy high visibility and easy access, making it a popular spot for both residents and tourists.

**Financial Performance**
Dry Town Taphouse has demonstrated consistent year-over-year profitability, with a growing number of patrons each year. The business's strong financial performance underscores its popularity and the effective management by the current owner. This business was set to open during covid and postponed opening until April of 2021. The growing success since opening in the wake of covid shows a great foundation for new owners to continue to strengthen the profitability.

**Opportunity:**
This is a unique opportunity to acquire a thriving business with a strong community presence and a proven track record of success. Current owner is mostly absentee and presents an opportunity for either an absentee or owner-operator to purchase this business.

Dry Town Tap Station offers a solid foundation for continued growth and profitability, with the added benefit of a prime location and a loyal customer base. Opportunities to grow on the foundation by extending open hours, engage college community, enclose the outdoor area during the winter months, add lotto, adding coffee or other AM options, control more of the food cart offering, increase partnerships in the community.

If you are looking for your first business as an owner-operator or taking over as an absentee owner this is a great business, in a strong community that is profitable and well regarded by patrons and community.

**note price does not include inventory that is revolving and dependent on time of year the sale is closed.


DETAILED INFORMATION
Location
Monmouth, OR
Inventory
Not Included in asking price
Real Estate
Leased
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Remodeled Service Station offers both inside and outside seating and service. The "premises" of the lease include: Indoor: Bar with 20 Taps, Seating, Keg Fridge, Televisions, Office, Storage, 2 Restrooms Outdoor: 3 Food Cart rental spaces with grease traps and separate meters, 1 Food Cart that acts as Dry Town Kitchen, Covered Seating Area, Outdoor Gas Fire Pit, Outdoor uncovered seating, Stage, Fence with Signage Parking: 3 dedicated off street parking spots for staff; on street parking is plentiful for patrons
Competition
There are other bars in the area that are catering to college with lower prices and drink specials. Dry Town caters to craft beer, quality mixed drinks and a great outdoor/indoor environment.
Growth & Expansion
Opportunities to grow on the solid foundation of Dry Town start with: Extending open hours Engage college community Enclose the outdoor area(s) during the winter months Lotto Coffee / AM or Weekend Brunch offering Control more of the food cart offering Beer Garden or more park engagement
Report an Issue with this listing
Chris Corrado
Evergreen Business Advisors
Chris Corrado