Entrepreneurs Ridham Bhatt, Kirat Shahiwala and Ravi Patel have signed on to bring The Brass Tap, a Tampa-based craft beer bar, to five new locations throughout the Greater Dallas area with the first location set to open in Rockwall, Texas, on September 21 at 2075 Summer Lee Dr. Suite R101. The group plans to expand their four additional stores across Plano, Sachse, Sherman and The Colony.
The trio came from diverse backgrounds in IT, business ownership, pharmaceuticals and healthcare, giving them a breadth of experience as seasoned businessmen and leaders in their respective industries. Cousins Bhatt and Shahiwala, along with their friend Patel, began looking into franchise investments together after enjoying many years of professional success in their respective fields. And while each business partner had slightly different motivations for entering the world of franchising, they could all agree on one thing: The Brass Tap was a sound investment that offered a unique, proven business model.
“We were looking for something to invest in in order to diversify our business portfolio, and we reached out to several other franchises before coming across the opportunity with The Brass Tap,” said Shahiwala. “The experience and response we received was amazing.”
The business partners were introduced to the brand by Bhatt who is a regular patron at The Brass Tap in Allen, Texas. The group not only loved the concept for its great food, rotating selection of craft beers and relaxed environment, but the potential to recreate the same friendly, neighborhood-bar experience they enjoyed in their college days for those communities surrounding the Dallas-metro area.
“The Brass Tap is a successful and proven model,” said Patel. “We’re just implementing what has already been proven by so many other franchise owners.”
Trying out craft beer at local breweries had become a hobby for Bhatt when he was on the road during his career in IT, and The Brass Tap stood out as a leader in the space due to its elevated beverage menu and standout food offerings. “Nothing caught our eye quite like The Brass Tap,” said Bhatt. “It’s the perfect neighborhood-bar to go to after work to relax or spend time with friends and family.”
The brand is rapidly making its way across the nation with openings in new markets including; California, Georgia and Texas markets like Dallas and Houston. Publications like Entrepreneur Magazine are taking notice of the Brass Tap’s growth; ranking the brand in their annual Franchise 500. In recent years, the brand has increased its average unit volume (AUV) by $400,000; rising from average sales of $1.2 million to $1.6 million for the top quartile of Brass Tap locations and is continuing to gain momentum with recent multi-unit deals, such as the Dallas signing.
“We’re thrilled about the success of the brand throughout the Dallas metro area, and see tremendous potential for development across Texas, including in the Houston market,” said Jamie Cecil, vice president of franchise development for The Brass Tap.