Have to brew 100 barrels a year, to keep the 75 liquor license. Current tenant did pretty significant renovations, ADA compliance upgrades.
$15k a month on gross monthly basis, and other utility operating expenses
Current leases goes through 9/30/2027. Do have a relationship with the landlord group, and a call with the whole group. Willing to sit down if there is a new buyer or tenant at the table, and potentially discuss some kind of help to get business up and running. Can’t speak too much to what that might look like — need to present & negotiate w/ landlord of building
Some level of negotiation & flexibility, comes down to solvency, the biz model, security/guarantor might be (as with any lease transaction)
Staff knows that the building is for sale
Don’t know that the legal occupancy on 3rd floor — very low based on fire safety.
49 on mezzanine, 101 on main flow, 4 on the office (administrative office storage)
Legally, don’t know if customers can go up there (not wide enough staircase)
Zoning — one of the first things to do, Zoning NC-1 neighborhood cluster. Talk to planning department on what to do with the space, to see if it’d be acceptable. - could talk to architect or land use attorney. Depending on feedback, might tweak the model to make sure
Tweak x vs y, or offer more sq footage, will help fit into square footage
NNN:
Current agreement with the occupants: