Tow Yard Brewing Looking For Buyer

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(photo courtesy Tow Yard Brewing Co.) (photo courtesy Tow Yard Brewing Co.)

Tow Yard Brewing Co. in Indianapolis is looking for a new owner. The company, which filed for Chapter 11 bankruptcy protection in January, plans to auction off all of its equipment at a court-ordered auction next month, unless a buyer comes forward to acquire the brewery.

The onsite auction is scheduled for April 9 and will include all of Tow Yard's brewing, restaurant and bar equipment, as well as seating and furnishings. Indianapolis-based Key Auctioneers will conduct the auction and says the items up for auction range from a 20-barrel brewing system to a 16-tap beer dispenser system and three walk-in coolers.

Key Auctioneers says potential buyers would not only acquire the brewery and restaurant assets, but the company's intellectual property, including recipes, trademarks and copyrights, website and social media accounts.

In January, the company announced on Facebook it had filed for bankruptcy as it renegotiated its lease in downtown Indy. The post said at the time the brewery was not closing, but rather "we are rebuilding and plan to come out a superior brewery." Another post last week stated the brewery was "temporarily closed while we reinvent!"

The auction is scheduled to begin at 10:00 a.m. on April 9 at the Tow Yard Brewing location at 501 Madison Avenue in Indianapolis. A preview of the items available will take place April 6 from 10:00 a.m. to 2:00 p.m.

You can learn more about the auction by clicking here.

  • Perspectives

    • Hope is Not a Plan

      This is sobering. A local business broker in Indianapolis reports nine out of 10 business owners who want to sell are turned away. Of the one in 10 that does make it past the first analysis to sell, over half of those company owners don’t get the sale price they hope for or believe the business is worth. Bottom line, hope is not a plan if you want to sell your business.



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