Western Wisconsin
Listing ID: Restaurants & Bars
Asking Price: $1,199,000 (includes $700,000 Real Estate and $300,000 FF&E)
Gross Revenue: $1,227,000
Inventory: $20,000, not included in asking price
Address: Western Wisconsin, only 90 minutes from Twin Cities
Agent: Jerry Vlaminck
Business Overview:
High volume American restaurant and bar, with fully equipped food truck and catering equipment for off-premise sales.
Professional design with a very efficient and cost-effective layout.
Strong cost controls with industry-leading profit margins.
Located steps from a hotel and convention center, providing built-in additional sales.
2021 sales are over 2019 levels and should be in the $1,600,000 range, with a cash flow of $250,000-$300,000 projected. 2020 cash flow was $152,000.
Established more than 20 years ago.
Several other bars and restaurants in the area, but business is known for great food and service, setting it apart from other bar-driven establishments.
Great upside to continue to grow the off-premise dining component with available food truck and catering equipment.
40 employees
The owner is the original developer and professionally designed the restaurant. Selling due to retirement and will train new owner to ensure a smooth transition.
Facilities:
4,500 square feet
Owner takes pride in keeping the property clean, updated, and well-maintained
Includes fully-equipped food truck and catering equipment for off-premise sales
Real Estate: $700,000 property is owned and included in asking price
Furniture, Fixtures & Equipment: $300,000, included in asking price
Inventory: $20,000, not included in asking price