PRICE DROP! Butch's Place Phillips WI

Phillips, WI (Price County)

PRICE DROP!  Butch's Place Phillips WI

Asking Price:$227,000

Cash Flow:N/A

Gross Revenue:$73,279

EBITDA:N/A

FF&E:$20,000

Inventory:$2,500*

Real Estate:$211,750

Established:1955

*not included in asking price.

PRICE DROP! Butch's Place Phillips WI

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Business Description

Butch's Place Phillips WI Sportsman's Haven Bar and Grill

Owner says “Let’s move this.” This well maintained, turnkey, new owner next day operation is well priced.

Prime location near forests and lakes brings in all kinds of sportsmen. ATV and Snowmobile trails come right to the front door. Customer and bar tender friendly “U” shaped bar seats 20 and with high and low tables can seat more than 45. Extra 22' x 24' party room accommodates parties, bands, and could be easily converted for expansion to restaurant seating. Nicely supplied grill provides choices of burgers, sandwiches, fried chicken, and appetizers as well as pizza. Extensive bar and kitchen equipment items included.

Updated fire suppression system is up to current fire code. Large walk-in cooler provides plenty of space for food, pop, beer and keg storage. The beautiful 2nd floor 2-BR apt. living quarters has spacious rooms and newer flooring, has entrance from bar, no need to go out into the weather to get to work. This also has outdoor private entrance, private back yard with patio and privacy fencing. Apartment could also be a rental unit for a second income on this property. There is a 3 car detached garage for toys and yard space enough giving the possibility to expand with storage units, campers and or cabin (with zoning approval).

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Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
2FT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This well maintained neighborhood bar and eatery has seen many upgrades. Has a good sized party and banquet room that is often used by bands for live shows. It has living quarters with 2 bedrooms currently used by Sellers, but could be rented to provide additional revenue for new owners should they choose. Leasehold Improvements: $100,000+ Building Size: 2,800 sf (approximately) Party Room Size: 800-1,000 sf (Approximately) Living Quarters Size: 1,000 sf Property Taxes: $2,910
Competition:
There are a number of bar & grills in the area, however, there seems to be a spirit of cooperation to work together to draw business into the community. The owners have shared that they have a loyal following, and have people that stop in year after year when coming up north for vacations and time at their cottages. Also there are vacuums in the market place that could allow a savvy operator to re-brand into filling to really capture potential new market share. Market outlook is excellent. An operator coming in with the resources and ambition to increase liquor and food sales could potentially increase sales significantly. There is also an opportunity to increase sales through more active marketing and advertising efforts to drive in new customers in specific market segments and draw those crowds from the surrounding communities.
Growth & Expansion:
There is ample room for expansion should a new owner wish to expand the building. There is a party room that could be built out to whatever you want it to be, and lots of space to expand the building should you choose to increase the kitchen or bar area. Revenue has plenty of opportunity to be increased through expanded hours and days of operations as well as rebranding into whatever your dream is, whether it be more of a restaurant or a large nighttime entertainment venue. The sky is the limit!
Financing:
New Financing or Cash Possible Partial Down Payment Assist. for Well Qualified Buyer
Support & Training:
Seller will provide for a smooth tranition
Reason for Selling:
Retirement from industry

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Jerry Vlaminck

Business Listed By:
Jerry Vlaminck

Hospitality Services Corp.

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