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Beef ‘O’ Bradys Acquires the Brass Tap

A window of a Beef O Brady next to the University of Louisville, Kentucky
Front window of a Beef 'O' Brady, next to Univ. of Louisville

TAMPA, Fla. — Beef 'O' Brady's, a 213-unit franchise chain of sports pubs and restaurants, announced today that it has acquired the rights to franchise The Brass Tap, known for its 300 craft beers, wines and live music.

Beef 'O' Brady's is listed eighth on Blue MauMau's list of 25 worst franchises to buy for 2012. That's because 52.5 percent of its franchise owners who have taken out Small Business Administration-backed loans from 2001 to 2011 cannot even pay back their loans, according to data from the SBA. Not being able to pay back loans is an indication of how difficult it is to be profitable as one of their franchise owners.

James Walker, chief development officer of Beef 'O' Brady's, plans to bring the brand's abilities to develop franchises to The Top Brass. "The Brass Tap is a renowned Florida brand with a unique position in the marketplace. This culture is like nothing else I have experienced in the industry before, and we are excited to help grow The Brass Tap through franchising."

Jeff Martin, Gary Bailey and Steve Slowey, founders of The Brass Tap, will continue their involvement with the brand as shareholders, partners and franchise owners of the three open Florida units. Martin and Slowey accumatatively own seven Beef 'O' Brady's restaurants throughout Florida.

"The partnership between The Brass Tap and Beef 'O' Brady's is a perfect fit," said Jeff Martin. "Our ability to leverage Beef's strong franchise development team and deep resources within the restaurant and franchise industry will allow us to more aggressively grow The Brass Tap brand. In just a few short years, we've already discovered that there's a rapidly expanding market for us."

Beef 'O'Brady plans to open three or more new The Brass Tap franchised units by the first quarter of 2013. Each Brass Tap location requires 2,000 to 3,000 square feet. Its restaurant owners will need to employ between 10 to 20 employees.

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