Skip to main content

Well-Established, Upscale Restaurant

#26868
image
Jeannette026-FINAL 4 LIGHT GRAY

Jeannette Engel
Union Bay Group
(206) 783-1717

Business Overview

This listing is for the premiere restaurant of its kind in southern Wisconsin that is available to a qualified buyer. This is a long-established, award-winning dinner restaurant that has been in their community for multiple generations. On average, the business makes the owner approximately $165,000 annually, but suffered from COVID shutdowns in 2020/2021. They received PPP money, but it is NOT included in the financial recasts below. The business features a gorgeous dining room and an upscale lounge with fantastic ambiance and delicious food. This business is a destination location for people as far as hundreds of miles away and they have a stellar reputation in their marketplace with many 5-star reviews across multiple sites. The customer base for the business is very loyal and a full-time manager is already in place. Their menu includes top-quality steaks, chops, chicken dishes, Italian cuisine, seafood and much more. The restaurant offers specials every day of the week as well. The dining room seats 180 guests with room for an addition 32 at the bar/lounge. Over $400,000 in asset value is also to be transferred with the business sale. This includes their real estate which is valued at $355,000. If you would like more information about this long-established business, or if you would like to schedule a site visit, please contact the agent either by phone or online. Online inquiries will be replied to with an email from an @marvingroupllc.com address with an NDA attached. These can sometimes get filtered into junk/spam folders. If you do not hear back from us within 24 hours (weekdays), please contact us by phone.

Listing Details

  • Category

    N/A

  • Detail

    N/A

  • County

    N/A

  • State

    N/A

  • Country

    USA

  • SIC

    N/A

  • Price

    $799,000

  • Downpayment

    N/A

  • Adjusted Net

    $75,646

  • Annual Sales

    $552,071

  • Area

    Upper Midwest (WI, MN, ND, SD)

Relocatable

Home Based

Franchise

Lender Pre-Qualified

  • A/R

    N/A

  • Inventory

    $12,000

  • FF&E

    $90,000

  • Leasehold

    N/A

  • Vehicles

    N/A

  • Real Estate

    $355,000

  • Other Assets

    N/A

  • Total Assets

    N/A

  • Included

    N/A

  • Current Liabilities

    N/A

Contact us about this listing