Garage Beer, backed by Travis and Jason Kelce, is now valued at $200 million. The brand projects $60Mâ$70M in 2025 revenue, tripling last yearâs ~$20M sales.
That means:
3Ă YoY growth in a flat-to-declining beer market.
Valuation multiple: ~3.0â3.3Ă forward revenue.
This isnât hype â itâs a data-backed growth story in a category losing ground to cocktails, seltzers, and THC drinks.
đ The Market Context
U.S. Beer Industry Revenue (2024): ~$118B.
Light Beer Trend: -3% YoY decline.
Competitor Growth Segments:
Canned cocktails: +15% YoY.
THC beverages: fastest-growing alcohol alternative.
Hard seltzers: peaked in 2021, now in decline.
đ While the giants shrink, Garage Beer is scaling.
đ Why Garage Beer Wins
The Kelce Effect
Travis (NFL star, pop culture icon).
Jason (NFL legend, podcast/podcast cult hero).
Combined audience: 10M+ across platforms.
Earned Media Value: A single Kelce post = $250Kâ$500K in ad equivalent.
Target Market Fit
Gen Z + Millennials = 70% of U.S. light beer consumption.
Price point: ~$8â$10 per 6-pack (directly competitive with Bud Light/Coors).
Positioning: premium yet accessible.
Distribution Expansion
2022: Ohio/Kentucky regional.
2023: Midwest + Southeast retail.
2024â25: Scaling to 15,000+ national retail points (Walmart, Kroger, Total Wine).
đ Data Analytics: Valuation Model
2023 Revenue (est.): $20M.
2024 Revenue (proj.): $65M.
2026 Forecast: $160M+ if 2.5Ă YoY growth sustains.
At even a 3.5Ă multiple â $560M valuation.
If Garage Beer scales like Liquid Death (~10Ă multiple), it could hit $1B+ unicorn status by 2027.
âïž Risks to Watch
Category Decline: Beer shrinking as cocktails rise.
Celebrity Dependency: Growth tied to Kelce relevance.
Distribution Costs: Scaling nationally compresses margins.
Exit Path: Likely an acquisition by AB InBev, Molson Coors, or Constellation.
đĄ Blunt Take
The Kelces hacked a stagnating industry with authenticity, reach, and cultural equity.
Garage Beer isnât just another celebrity brand â itâs a data-backed growth anomaly. At $200M, this is only halftime.
Short-term: $500M acquisition target.
Long-term: $1B brand within three years if velocity holds.
Men lie. Women lie. The numbers never do.
If youâre tracking consumer brand disruption, this is your case study: How to build a $200M valuation in three years inside a declining market.
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