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Buy your own brewery — Goddards is up for sale

Friday, March 4, 2016 - 9:48

THE FOUNDER of the Isle of Wight's biggest brewery is calling "time" on his involvement in the business.
Former Isle of Wight High Sheriff Anthony Goddard has put Goddards Brewery up for sale 23 years after he founded the Bullen Road business on the outskirts of Ryde.
Mr Goddard started the brewery when he was forced to sell Barton Manor and its vineyard at East Cowes, as a 'name’ losing substantially in the Lloyds crash.
Famously, one of his beers — Duck’s Folly — is an anagram of his thoughts on Lloyds.
Now, at the age of 70 and more than three years after beginning to ease away from day-to-day running of the business, he wants to find a new owner seeking offers in the region of £900,000.
He and his team have built a business which supplies more than 700,000 pints of real ale a year, pointing to the fact that a pint of Goddards slips down on average every 43 seconds of every day in the UK.
They have built an impressive customer list, including Sainsbury’s, Waitrose, Tesco and Majestic, and in the past decade the business has increased by seven per cent each year.
Mr Goddard wants to sell the business complete with its team of eight, hopefully to an individual entrepreneur with a love of brewing and beer.
"If our plans work, then from the point of view of our customers and the outside world, the change of ownership should pass undetected," said Mr Goddard.
"Even in February, when we are usually quiet, we’ve just had our best month’s sales ever, with guest beers going to Mitchells & Butler, Enterprise Inns and Greene King.
"But, having reached the majestic age of 70 — way past my best before date, if I ever had one — I consider it makes no sense to die in harness leaving my family to sort out what happens to the brewery when I finally croak."

 


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