Acquisition Proposal 119 West Water Street Edenton, North Carolina Edenton Ice Company Acquisition Proposal 119 West Water Street Edenton, North Carolina Submitted by John Conger Glover July 21, 2015

John Conger Glover Acquisition Owner North Carolina native, age 52 Grandson of Joseph Harold Conger, former owner of the Edenton Ice Company 20 years of experience in the beer business as Anheuser Busch wholesaler in Raleigh, NC President, Harris Wholesale in Raleigh, NC Sold in 2008 Solid financial strength J.H. Conger, Chowan Herald, 1938

Chowan Herald, 1938 Edenton Ice Company

Edenton Brewing Company 119 West Water Street

Edenton Brewing Company Branding by Helms Workshop Notable clients include: Fullsteam Brewery Jack Daniel’s Southern Comfort Grander Panama Rum Bauhaus Brew Labs Austin Beerworks Pabst Brewing Alamo Drafthouse Cinema

Edenton Brewing Company Design by Maurer Architecture Notable clients include: Trophy Brewing Company Blackjack Brewing Company Carolina Brewing Company White Street Brewing Company Bull City Burger & Brewery

Vision for Edenton Brewing Company Brewery and restaurant adjacent to the lighthouse and park Outdoor seating area overlooking the water Family friendly Draw for locals and tourists Lighthouse visitors can follow their tour with a drink and a snack without getting back in their car Emphasis on local goods will boost the local economy

Vision for Edenton Brewing Company Parking Brewery & Restaurant Outdoor Seating Recreation Area Roanoke River Lighthouse

Vision for Edenton Brewing Company Brewery 1700 SF Taproom 700 SF Occupancy: 39 Outdoor Seating Service Areas 750 SF Seating 1100 SF Occupancy: 73 Kitchen 670 SF

Taproom

Seating Area

Outdoor Seating

Why Craft Beer?

Industry revenue has grown almost The Industry Industry revenue has grown almost 500% in the past 10 years, with craft breweries opening at a rate of 1.5 per day

The Consumer A majority of consumers “like to experiment with different styles, flavors” and “like the variety of styles and brands”

Small and independent American craft brewers contributed $33.9 billion The Economy Small and independent American craft brewers contributed $33.9 billion to the US economy and provided more than 360,000 jobs

Acquisition and Renovation $ 282,000 Price as per appraisal (Completed by Andy Piner, Moore and Piner November 24,2014) $ 200,000 Estimated Renovation Cost $ 100,000 Estimated Brewery Installation $ 100,000 Estimated Kitchen Equipment $ 100,000 Estimated Fixtures and Furnishings 4-6 New Jobs Created Financial and business plan in development LLC yet to be formed