Tuesday, February 27, 2024 2:03:54 PM
I mentioned it before, but the design and menu of the BrewBilt BrewHaus looks more like an upscale restaurant that would fit nicely inside upscale hotels, versus a beer tavern that might be more suitable for the middle class hotels, which is where I thought a franchise might go.
Even if the BrewHaus only starts raking in $10,000 or $20,000 per month in net profits during the summer, that would still be a huge change compared to last year when they were still borrowing huge amounts. For me, it's all about how quickly they can get a $2 million to $5 million loan, allowing them to break ground on a much larger taproom and restaurant at the Phase II site in Grass Valley, CA. It would be a pleasant surprise to see them break ground this year.
Another taproom and restaurant could really accelerate their profits quicker, especially as that 200+ new home addition gets built out right next to the Phase II site. Slow and steady wins this race, IMO. I'm confident we'll see that Phase II brewery someday. Just my opinion; not investment advice.
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