Three Wise Men Brew Pub to be Auctioned Off

INDIANAPOLIS —A brewery and restaurant with a prime Broad Ripple location is being auctioned as a turn-key business opportunity. Its 30-barrel brewing system, restaurant and bar equipment, three-way liquor license, seating, furnishings and lease are all part of the auction, according to Indianapolis-based Key Auctioneers, who will be conducting the onsite and online auction on Thursday, August 1.

The location on Broad Ripple Avenue is primed for visibility—nearly 20,000 cars pass by daily. Significant walkable shopping in Broad Ripple and the nearby Monon Trail and Broad Ripple Park all ensure significant foot and bike traffic, too, ensuring that the new brewery won’t lack for visibility. And, although parking is hard to come by in Broad Ripple, the location also includes 54 parking spots.

The August 1 auction will include a 30-barrel brewing system, which can produce up to 15,000 barrels per year. Between the restaurant and patio, the location features seating for over 200.

The site was previously home to Three Wise Men Brewing, the craft brewery for the Scotty’s Brewhouse chain, which closed in June. The chain declared bankruptcy in December.

The onsite auction will take place on Thursday, August 1 beginning at 10 a.m. EST at 1021 Broad Ripple Avenue, Indianapolis, IN 46220. Online bidding will also be available. Financial due diligence for bidding approval is due by Tuesday, July 23; approved bidders will be notified on Friday, July 26.

Complete details about the auction, including specs of all brewing equipment and details on the lease, can be found on Key Auctioneers’ website: keyauctioneers.com/2019/08/01/broad-ripple-turn-key-brewery-and-eatery.

About Key Auctioneers

Key Auctioneers is a regional auction company headquartered in Indianapolis. Key’s comprehensive asset disposition services include auctions, appraisals, asset recovery, property management and receiverships. Key provides services throughout the Midwest, including Indiana, Illinois, Ohio, Kentucky, Missouri and Michigan.

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