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City of Albany·Georgia

Albany Craft Beverage & Event Space

Closes 10/1/2026$500k – $2MRequest for Proposal
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Description

The City of Albany, Georgia’s Downtown Development Authority seeks a qualified firm or consortium to operate the former craft‑beverage production and event facility at 120 Pine Avenue. The solicitation offers three operational pathways—production‑only, hospitality‑only, or an integrated model—and two transaction structures (long‑term lease or outright purchase). The selected operator will reactivate the building, manage beverage manufacturing, run a taproom/event space, and comply with all relevant regulations. • Three operational pathways: (1) Production & distribution, (2) Taproom/hospitality & events, (3) Integrated full‑facility operation. • Transaction options: long‑term commercial lease or property purchase, each requiring detailed financial proposals. • Mandatory use covenant requires the site to remain a hospitality‑focused venue; non‑hospitality conversions are non‑responsive. • Eligibility includes Georgia‑registered entities with ≥1 year in business, no debarment, E‑Verify compliance, and specific insurance/certifications. • Key dates: pre‑proposal conference (Sept 9 2026), questions due (Sept 18 2026), final proposal deadline (Oct 1 2026).

Attached files

The solicitation documents live at the source — open the bid source above to download them.

Contact

Ricky Gladney(Primary Procurement Contact)

[email protected]

(229) 431-3211

Key dates

Opened
9/1/2026
Questions due
9/18/2026
Pre-bid meeting
9/9/2026
Site visit
9/9/2026
Closes
10/1/2026

Last updated

Details

Type
Request for Proposal
Industry
Food and Beverage Services
NAICS
722511
Solicitation №
RFP 27-018

Budget estimate

$500,000 – $2,000,000

No explicit budget is disclosed; however, the financial model will need to cover lease or purchase costs, capital upgrades, operating capital, insurance, and staffing. Based on comparable municipal redevelopment projects of similar scale (≈1 acre, 20,000 sq ft), annual operating revenues can range from $1 M to $5 M, with net profit margins of 10‑30 %. Assuming a 20 % margin, the operator could earn roughly $200‑$1,000 k per year. Over a typical 3‑year term, total earnings might fall between $600 k and $3 M. Therefore, a reasonable budget estimate is $500 k‑$2 M for the initial contract period.

AI estimate from the solicitation

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