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1106 N Bluebird Rd
Eagle River, WI 54521
Profitable Award-Winning Brewery & Tap House · Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Operates as two complementary business units, The Brewery and The Taphouse
  • Brewery has established itself as a staple in the local community and has a growing distribution network
  • Recently upgraded to a more advanced 15-barrel brewhouse

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
2,746 SF
Year Built
1994
Building Height
1 Story
Building FAR
0.10
Lot Size
0.65 AC
Zoning
Commercial

ABOUT 1106 N BLUEBIRD RD , EAGLE RIVER, WI 54521

Tribute Brewery, located in the heart of Eagle River, Wisconsin, offers an exceptional opportunity to acquire one of the most celebrated breweries and tap houses in Northern Wisconsin. Established in 2012, Tribute Brewery has garnered a loyal following and a reputation for producing award-winning craft beers. Tribute Brewery operates as two complementary business units, The Brewery and The Taphouse: The core of Tribute Brewery's operations is its state-of-the-art brewing facility. Originally launched with a seven-barrel system, the brewery recently upgraded to a more advanced 15-barrel brewhouse from O’Neill’s Brewing Systems in early 2024. This upgrade has more than doubled the brewery's production capacity, allowing for increased distribution and operational efficiency. The Taphouse provides a vibrant space where customers can enjoy freshly brewed beers on-site. It features a cozy, welcoming atmosphere that attracts both locals and tourists year-round. The taphouse also offers a selection of Tribute's beers in cans and growlers for take-home enjoyment. Tribute Brewery began its journey with the "Old Eagle Porter," first tapped on December 8, 2012. Since then, the brewery has expanded its portfolio to include five solid year-round beers and a variety of seasonal offerings. One of Tribute’s standout beers, "The White Legs Jalapeno Wheat Ale," won the Gold Medal in the Chili Beer Category at the 2018 Great American Beer Festival - considered the highest honor in the American brewing industry. Tribute Brewery has established itself as a staple in the local community and has a growing distribution network. The recent brewhouse upgrade positions the brewery for significant expansion. With the new 15-barrel brewing system, Tribute Brewery can increase its annual production from approximately 800 barrels to potentially double or more, facilitating broader distribution. The taphouse currently operates four days a week. There is a substantial opportunity to increase revenue by extending operating hours and days. Additional market penetration through enhanced distribution strategies, particularly in retail and restaurant channels. The business is co-owned by Marc O’Brien and Bill Summers. Marc, a master brewer, manages all production aspects and is willing to remain with the business post-sale to ensure a smooth transition and continuity in brewing operations. Bill oversees the taphouse operations, contributing to the establishment's welcoming atmosphere and efficient service. The business has shown steady revenue growth, particularly in the taphouse segment, and maintains strong profitability with a robust gross margin. With expanded production capabilities and operational hours, the potential for increased profitability is significant. Tribute Brewery offers an exceptional investment opportunity with its well-established brand, loyal customer base, and significant growth potential. Its award-winning beers and upgraded brewing capacity position it for continued success and expansion in the craft beer market.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
221-1019-18
Land Assessment
$36,000
Improvements Assessment
$199,300
Total Assessment
$235,300
  • Listing ID: 32260450

  • Date on Market: 6/26/2024

  • Last Updated:

  • Address: 1106 N Bluebird Rd, Eagle River, WI 54521

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