1. 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

2. 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

3. Chowan Herald, 1938
Edenton Ice Company

4. Edenton Brewing Company
119 West Water Street

5. 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

6. 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

7. 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

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

9. 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

10. Taproom

11. Seating Area

12. Outdoor Seating

13. Why Craft Beer?

14. 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

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

16. 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

17. 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