Spooner, Wisconsin
Listing ID: 1596295
Asking Price: 99,000
Revenue: $380,000
Cash Flow: UNDISCLOSED
Seller Financing: Open to offers
FF&E: $100,000 *Value is included in asking price.
Inventory: $15,000
Agent: Dan McGuire
Price Reduced! Family Restaurant has been a pillar in the Spooner Community since 2014 providing hearty meals in a relaxing atmosphere to locals and tourists alike, 33 min SW of Hayward. Within walking distance of Economart and Shopko. Serving breakfast/lunch/dinner daily 7am to 8pm. Popular dishes include: Chicken dumpling soup, burgers, Country Fried Steak and cinnamon french toast. Beer & Wine available. Nearby lakes,
trails and railroads. HWY 63 traffic counts 10,100 vpd. Owner has other interests at this time. Staff 6 FT/3 PT. Sales continue to grow. Business and equipment included in sale w/ opportunity to purchase real estate for
an additional $525,000. .77 acres 55 parking stalls.
– Year built 1985 (formerly Hardees) and
remodeled in 2011
– Rent $3,200/month net (taxes $7,400
annually) tenant to maintain property.
– 3,964 sq. ft. / Freestanding building
– FF&E $100,000 / Seats 127
– Inventory $15,000 counted at closing and
not included in the asking price
Patron review: “Great atmosphere, great service, good food, inexpensive prices”
Facilities:
3964 sq. ft. freestanding building on .41 acres, 55 parking stalls, full kitchen and seating for 127
Market Outlook / Competition:
Yes, but this is a great location in front of Economart and Shopko w/ lots of traffic.
Additional Details:
Opportunity for wholesale, catering and delivery growth and expanding on menu items.