Goddard, who has recently turned 70, said that he wanted to secure the brewery’s future rather than it being left as something for his family to sort.

The brewery, which has more than 250 customers, and sells more than 700,000 pints a year, is aiming to attract the right new owner.

He explained: “Back in 2012, I started to ease away from the day-to-day running of the business and to ensure that there would be an experienced team in place.

“Goddards has an impressive and growing client base and I’d like to think that it provides really sound foundations on which a new owner can build further.”

He also believes that by buying into an established brewery, many of the risks of starting one are removed.

“Investing in a new brewery is an expensive and risky project. It takes years to acquire the reputation and ‘gravitas’ to survive in an increasingly competitive environment,” explained Goddard.

“At least buying Goddards comes with the advantage that someone else has overcome and dealt with the growing pains.”

The brewery’s current line-up of beers include ‘Fuggle-Dee-Dum’, ‘Duck’s Folly’ and ‘Ale of Wight’, as well as more recent additions such as ‘Wight Squirrel’ and ‘Quarr Abbey Ale’.