Established in 1959 Bill's Tap opened in Epworth, Iowa during 1959 by Willis (Bill) Schroeder. Willis moved the establishment to Farley, IA in 1966 where and it became a staple in the local community. In 1979 Randy Schroeder purchased the tavern from his father. In July of 2021 Randy retired and sold Bill’s Tap to his brother Brian who is committed to keeping the establishment in the family.