Are Brewpubs Less Risky than Bars and Restaurants?

Dear Client:A CBC session on "valuating a brewpub" touched on a timely topic: The inherent riskiness of brewpubs vs. bars and restaurants.Most of the session was inside baseball until Q&A, when several apparent brewpub owners probed valuation issues.WHAT'S MORE RISKY? One pointed out that he was forced to use bars and taverns as a basis of comparison. The problem is, most bars and taverns close within 5-10 years, and restaurants can be even riskier. But brewpubs are a different animal,