Anderson Valley Brewing Company (AVBC) could change hands again for the second time in nearly five years, according to a BizQuest listing that offers the Boonville, California-based craft brewery for sale.
“We have some ongoing conversations with a few interested parties,”AVBC president and CEO Kevin McGee told Brewbound. “But it’s still very early stage and there’s nothing definitive yet.”
The 36-year-old brewery is listed for sale at $7.9 million, which includes AVBC’s $5.4 million in real estate. Also included in the sale price are $5.4 million in furniture, fixings and equipment and $200,000 in inventory.
The company generates $4.2 million in gross revenue, according to the listing. AVBC’s cash flow and earnings before interest, taxes, depreciation, and amortization (EBITDA) were not disclosed.
McGee’s family acquired the brewery in December 2019 without debt or outside investors as a “long-term, multi-generational” play, he told Brewbound at the time. McGee’s parents and siblings co-invested with him to purchase the company in a cash deal from former owner Trey White.
McGee has been an outspoken advocate for the California craft beer industry. He challenged Reyes Beverage Group subsidiaries Harbor Distributing and Golden Brands in court after the country’s largest beer distributor opposed AVBC’s termination of their relationship. A judge sided with AVBC parent company Mainsheet Capital in June.
When inflationary headwinds bore down on the beer industry in 2022 and some breweries passed cost increases on to consumers, McGee promised that AVBC would not raise prices for six months.
[Hear more from McGee during a Brewbound Podcast conversation recorded earlier this year on location at the California Craft Beer Summit, hosted by the California Craft Brewers Association, of which he is a board member.]
AVBC’s brewhouse includes 100-barrel and 85-barrel kettles and a 9-barrel pilot system, capacity of annual output of 100,000 barrels, according to the listing. The “highly sustainable facility” boasts a solar power capture system that provides 50% of its energy needs and “its own self-contained water use and treatment cycle.”
In addition, AVBC’s 30-acre property includes a “beer park” that contains 10,000 sq. ft. of lawn, an outdoor music stage, an 18-hole disc golf course and “an unknown number of fairy doors hidden in tree trunks,” according to the listing.
AVBC comes with an “engaged and active local team that knows the equipment can stay with the business as needed” and “deep and stable distribution relationships.”
Dollar sales of the AVBC brand family increased +0.2%, to $5.582 million, at off-premise retailers in the 52-week period ending August 10, according to market research firm NIQ. Volume, measured in case sales, declined -1.7%.
The brewery did not report annual production data to the Brewers Association in 2023.
Editor’s note: This story was amended at 10 a.m. ET on September 10 to reflect that the sale price includes the brewery’s real estate.