Modern Times Beer and Coffee

Modern Times Beer & Coffee – Going Concern Asset Sale Including IP, Operating Breweries, Restaurants and Taprooms

Going Concern Asset Sale – Auction Concluded -Closed and Funded October 2022.

Completed

DATE

June 17, 2022

LOCATION

Southern California

SALES MEMORANDUM

Download Sales Memo

Modern Times  – Going Concern Asset Offering

Onyx was engaged as the exclusive sales agent in the going concern receivership sale of Modern Times Beer & Coffee. The offering included Modern Times’s IP (patents, trademarks and brands), two operating breweries capable of producing 70,000+ barrels annually, two restaurants, four taprooms, inventory, and misc. equipment. Onyx secured a Stalking Horse bid of $7.62 million and then procured additional overbidders to participate in an auction resulting in over 70 individual bids and a winning overbid of more than 30% increase in the final sale price.  The final sale to Maui Brewing was finalized in October 2022.

Disclaimer

ONYX has not independently verified any of the information provided or contained herein. Neither ONYX or any of its affiliates or representatives or advisors makes any representation, warranty or guaranty of any kind, express or implied, as to the accuracy, completeness or reasonableness of the information contained herein or any other written or oral communication transmitted or made available to any recipient. ONYX and its respective affiliates and representatives expressly disclaim any and all liability based on or arising from, in whole or in part, such information, errors therein or omissions therefrom.

Timing and details of the auction will be added to the Data Room once confirmed.


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