Edenton Ice CompanyAcquisition Proposal

119 West Water StreetEdenton, North Carolina

Submitted by John Conger Glover

July 21, 2015

Acquisition OwnerJohn Conger Glover

• North Carolina native, age 52

• Grandson of Joseph Harold Conger, former

owner of the Edenton Ice Company

• 20 years of experience in the beer business

as Anheuser Busch wholesaler in Raleigh, NC

• President, Harris Wholesale in Raleigh, NC

• Sold in 2008

• Solid financial strength

J.H. Conger, Chowan Herald, 1938

Chowan Herald, 1938Edenton Ice Company

Edenton Brewing Company119 West Water Street

Edenton Brewing Company

Branding by Helms Workshop

Notable clients include:

• Fullsteam Brewery

• Jack Daniel’s

• Southern Comfort

• Grander Panama Rum

• Bauhaus Brew Labs

• Austin Beerworks

• Pabst Brewing

• Alamo Drafthouse

Cinema

Edenton Brewing Company

Design by Maurer Architecture

Notable clients include:

• Trophy Brewing Company

• Blackjack Brewing

Company

• Carolina Brewing

Company

• White Street Brewing

Company

• Bull City Burger &

Brewery

Vision for Edenton Brewing Company

• Brewery and restaurant adjacent to the

lighthouse and park

• Outdoor seating area overlooking the water

• Family friendly

• Draw for locals and tourists

• Lighthouse visitors can follow their tour with

a drink and a snack without getting back in

their car

• Emphasis on local goods will boost the local

economy

Vision for Edenton Brewing Company

Brewery& Restaurant

OutdoorSeating

Parking

RecreationArea

RoanokeRiver

Lighthouse

Vision for Edenton Brewing Company

Brewery1700 SF

Seating1100 SF

Occupancy: 73

Taproom700 SF

Occupancy: 39

Kitchen670 SF

ServiceAreas

750 SF

OutdoorSeating

Taproom

Seating Area

Outdoor Seating

Why Craft Beer?

The Industry

Industry revenue has grown almost 500% in the past 10 years, with craft breweries opening at a rate of 1.5 per

day

The Consumer

A majority of consumers “like to experiment with different styles, flavors”

and “like the variety of styles and brands”

The Economy

Small and independent American craft brewers contributed $33.9

billion to the US economy and provided

more than 360,000 jobs

Acquisition and Renovation

$ 282,000 Price as per appraisal (Completed by Andy Piner, Moore and Piner

November 24,2014)

$ 200,000 Estimated Renovation Cost

$ 100,000 Estimated Brewery Installation

$ 100,000 Estimated Kitchen Equipment

$ 100,000 Estimated Fixtures and Furnishings

4-6 New Jobs Created

Financial and business plan in development

LLC yet to be formed