The Brass Tap's lease, assets for Riverwalk location in Rock Hill on market for $325K

Rock Hill's days of The Brass Tap are over. National Restaurant Properties has sold the lease and assets of the Riverwalk mixed use development for $325,000. The restaurant can accommodate 80 people and is located on 3,000 feet with ample patio space. The lease on the space expires in 2027, with two five-year extensions. Shawn McCullough representing NRP at the Brass Tap sale is Future operators must establish a strong relationship with Riverwalk residents, with an emphasis on customer service. Bailey claims that Rock Hill has had a difficult time retaining a solid management team due to constant turnover. In an effort to save his business, he quit his job. There was some hope in the summer but it has since vanished. The company has suffered significant losses that are increasing. Bailey states that sales are down by 50% this year compared to last. It will take too much time to recover. Bailey didn't expect it when he joined forces with Sobel to buy three Brass Tap locations. They took over three locations in South End and Rock Hill. Their goal was to purchase a franchise to supplement their retirement. Although they had no restaurant experience, they had a general manger lined up to manage operations. "It turned out that he was totally overwhelmed and it blew over. They've had to deal with Covid shut downs, difficulties in retaining and attracting staff, and have seen craft beer lose its shine over the past four years. Brass Tap builds on the success of local breweries and offers 60 beers on tap. "Franchised craft beer was hot when the company first started. It was a popular trend. Bailey said that it was unique and successful. After about a year, the South End location was closed. Bailey claims that he was ignorant about the current state of the South End business when he took control. Riverwalk now faces a similar fate, and Myrtle Beach may follow. Bailey claims that constant turnover and increased labor costs have had a significant impact on the business. Bailey says that the biggest problem is finding help. The answer is not in the money.