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Broad Ripple Turn-Key Brewery and Eatery

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Preview

By Appointment

Live & Online Auction

Thursday, August 1st at 10 am (ET)

Auction & Registration Details

Sun King to open Broad Ripple taproom at former Thr3e Wise Men site

Registration/Auction Timeline
Financial Due Diligence Deadline for Bidding Approval:                   July 23 (Tuesday)
Approved Bidder Notification:                                                            July 26 (Friday)
$25,000 Earnest Money Deposit & Executed Terms Deadline:         July 31 (Wednesday)
Auction Day (In-Person & Online Bidding Available):                        August 1 @ 10:00 AM

Download the due diligence packet and NDA below. If you have questions or inquiries, please contact Seth Seaton at sseaton@keyauctioneers.com or (317) 450-6469.

Physical Assets
Premier Stainless 2-vessel 30BBL brewing system:
            Brewhouse (15 BBL Mash Kettle / 20 BBL Divided Lauter Tun)
            Hot Liquor Tank (30 BBL)
            Cold Liquor Tank (15 BBL)
            Fermenting Tanks – Glycol Jacketed (8 – 30 BBL / 3 – 15 BBL)
            Brite Tanks – Glycol Jacketed (2 – 30 BBL)
            Brite Tanks (9 – 15 BBL)
Pro Chiller Systems Glycol Chiller;
Grain Silo and Mill;
Fulton Steam Boiler and Reverse Osmosis water purification system;
Kegs (1/2 BBL – 250+ / 1/6 BBL – 50+);
Premier Stainless Keg Washer (Capacity: 2);
Walk-in Coolers (Kitchen, Brewery – Keg Storage, Brewery – Brite Tanks & Bar Lines);
Restaurant equipment;
Seating package for 200+ (Dining Room & Patio Seating)

Property & Lease
Address:          1021 Broad Ripple Avenue, Indianapolis, IN 46220
Size:                12,500+/- square feet (200 Capacity)
Lot:                  0.945 acre
Parking:           54 marked spaces (3.70 : 1.00 People to Parking Ratio)
Zoning:            C-5 (General Commercial District – City of Indianapolis)
Lease Type:    Absolute NNN
Rate:               $18,726.67/mth
Term Ends:     January 10, 2021 @ 11:59 PM
Options:           Run through 1/10/36, if 3 additional 5-year options exercised.

Licenses
License Type                                                  License Number         Expiration
Beer, Wine, Liquor – Restaurant (210)             RR4928592              11/22/2019
*Carryout – Grandfathered (See Permit)

General Auction Information
Financial Due Diligence Deadline for Bidding Approval:                   July 23 (Tuesday)
Approved Bidder Notification:                                                            July 26 (Friday)
$25,000 Earnest Money Deposit & Executed Terms Deadline:         July 31 (Wednesday)
Auction Day (In-Person & Online Bidding Available):                        August 1 @ 10:00 AM

Brewery

  1. Premier Stainless 2-vessel 30BBL brewing system:
    1. Brewhouse (15 BBL Mash Kettle / 20 BBL Divided Lauter Tun) with Control Panel and Thermaline Heat Exchanger, Model: T8CH-MST

*Maintenance notes from Brewer on Lauter Tun: (1) A structural support has been added to the lower hot liquor section to support the bottom of the upper section due to the weight of the stainless and mash causing the upper floor to start to give.  It is a work around and will need to be monitored. (2) The filter plates that create a false bottom are too porous and allow grain & particulate through where work is run off & replacement should be considered.

*Maintenance notes from Brewer on Mash Kettle:  The steam system leaks into the insulation causing a few issues; (1) The kettle doesn’t heat up as effectively because of the pooling in the insulation.  Holes have been drilled in the bottom to release the condensate so the pooling doesn’t cause additional problems.  (2) The water chemistry is lesser quality because the condensate doesn’t make it back to the boiler. 

  1. Hot Liquor Tank (30 BBL)
  2. Cold Liquor Tank (15 BBL)
  3. Fermenting Tanks – Glycol Jacketed (8 – 30 BBL / 3 – 15 BBL)
  4. Brite Tanks – Glycol Jacketed (2 – 30 BBL)
  5. Brite Tanks (9 – 15 BBL)
  1. Pro Chiller Systems Glycol Chiller, (2) Danfoss compressors, Model: HGZC1000VWE300Q

*Maintenance notes from Brewer on Glycol Chiller: The chiller has dual compressors, but only needs 1 compressor running.  The second is a backup and needs repair or replacement.

  1. Grain Silo
  2. Grain Mill with Auger and Scales
  3. Fulton Steam Boiler, Model FB-020-A, 690 lbs/hr steam capacity;
  4. Reverse Osmosis water purification system;
  5. Premier Stainless Keg Washer (Capacity: 2), Model KGW-SA-1V2-CS;
  6. Kegs (1/2 BBL – 250+ / 1/6 BBL – 50+);
  7. Keg Jockey keg lift cart
  8. (2) Walk-in Coolers (Keg & Hops storage / Brite tanks & Bar keg lines)
  9. (5) Wash Down Pumps on cart with electronic controls
  10. Metash Visible Spectrophotometer
  11. Assorted Transfer Hoses, Sinks, Line Cleaners, Hose Clamps, Extra Parts, Tools, etc.

 

Kitchen

  1. Turbo Chef triple stack conveyor pizza oven, Models HHC2020
  2. Metro C5 Holding Cabinet, Pizza series
  3. Varimixer 30 qt. stand mixer
  4. Varimixer 60 qt. stand mixer
  5. (4) Somerset Dough sheeters, Model: CDR-2000
  6. Delfield 2-door stainless freezer, 55”
  7. True Prep Cooler, 48”
  8. Randell salad top cooler, 72”
  9. True Prep Cooler with drawers, 87”
  10. Turbo Air reach-in freezer, 60”
  11. Delfield prep cooler with drawers, 48”
  12. Vulcan all-electric convection oven
  13. (2) U.S. Range floor burners, 18”
  14. (2) Anets deep fryers
  15. Globe meat slicer
  16. (8) Assorted stainless tables
  17. (18) Assorted metro-style racks
  18. Stainless dish sink, 93”
  19. Stainless steel sink, 2 well, 71”
  20. (2) Captive Aire range hoods, 132” & 157”
  21. Captive Aire dishwasher hood, 48”
  22. Assorted buffet pans, plates, bowls, etc.

 

Bar

  1. Krowne bar cooler, 52”
  2. Master-Bilt display cooler, 2 door
  3. Perlick 4-tap kegerator, 36”
  4. Stainless bar sink, 4 well, 96”
  5. (2) Drying racks, stainless, 36”
  6. Krowne stainless sink/ice well/speed rack, 72”
  7. 20 tap beer system, glycol chilled lines, Flojet G561202 pumps
  8. 2 tap beer station
  9. (2) Automatic canning master sealer, set up for 24 oz. cans
  10. Assorted glass and barware

 

Dining Room/Patio

  1. 14 Patio table and chair sets, includes 4 chairs & table
  2. (10) Patio umbrellas
  3. 30+ Butcher Block Bar height tables, 4 and 8 tops
  4. 9 Assorted Butcher Block Dining tables
  5. 130+ Bar stools
  6. 25+ Dining chairs
  7. 17 Panasonic TVs, 42” and 48”, ceiling or wall mounted 

Miscellaneous

  1. Dexter industrial washer and dryer
  2. Cat Pallet Jack, 5500#
  3. (8) Diamond plate stock carts
  4. Kobalt 1.8 hp air compressor
  5. Westward 5 hp air compressor
  6. Assorted pallet racking and storage shelving

Property Details
Address:                                 1021 Broad Ripple Avenue, Indianapolis, Indiana 46220
Owner/Landlord:                     Moore Summit, LLC
Lot Size:                                  0.945 acre
Zoning:                                    C-5 (General Commercial District – City of Indianapolis)
Parcels:                                   49-03-36-101-020.000-801 & 49-03-36-120-001.000-801
Property Taxes:                       $13,126.48 semi-annually (2018 pay 2019)
Flood Zone:                             X
Road Frontage:                       206’ on Broad Ripple Avenue
Daily Traffic (Avg.):                 19,482 (Broad Ripple Ave.) / 8,823 (Westfield Blvd.)
Building Size:                          12,500+/- square feet
Building Capacity:                   200
Parking:                                   Paved Asphalt with 54 marked spaces.
Parking Ratio:                         1 space per 3.7 allowable occupants.
Signage:                                  Pylon with flood lights for night visibility.
Roof:                                       Barrel & Flat with rubber membrane covering.

Lease Summary
Lease Type:                            Absolute NNN
Rent Commencement Date:  January 11, 2006
Initial Term:                             1/11/06 – 1/10/16
Optional Terms & Rates:        1/11/16 – 1/10/21 (Option #1 – $18,726.67/mth)
                                                1/11/21 – 1/10/26 (Option #2 – $19,850.33/mth)
                                                1/11/26 – 1/10/31 (Option #3 – $21,438.33/mth)
                                                1/11/31 – 1/10/36 (Option #4 – $23,582.17/mth)
Option Notice Requirement:   180 days in advance of Optional Term start.
Taxes & Assessments:           Tenant Responsibility
Property Repair & Maint.:       Tenant Responsibility
Property Insurance:                Tenant will maintain insurance on an “All-Risk” form with a face value equal to 100% of the replacement value of the insured property, with a standard co-insurance endorsement of not more than 90%, and include coverage for losses or damages caused by floods if any portion of the Premises is in a flood plain.  *FEMA shows Zone X.

Liability Insurance:                  Tenant will maintain a Commercial General Liability Policy or Policies with minimum limits of not less than $3,000,000.00 (combined single limit).

 General Auction Terms
$25,000 earnest money deposit & executed terms
Deposit Return Policy for Non-Winning Bidders: Deposit returns will be initiated via ACH within 2 hours of the end of the auction in addition to an confirmation email. 

10% Buyer’s Premium 

Licenses:  Seth Seaton: AU10900115      Auction Co: AC30900124
Seller: Multiple Sellers

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