Two Businesses in One, plus Living Quarters!

WI

Two Businesses in One, plus Living Quarters!

Asking Price:$299,000

Cash Flow:$71,728

Gross Revenue:$240,000

EBITDA:N/A

FF&E:$75,000

Inventory:$20,000*

Real Estate:$232,600

Established:1940

*not included in asking price.

Two Businesses in One, plus Living Quarters!

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Business Description

This business includes what I consider to be the nicest outdoor activities set up in the area, and has tight ties to the local community and tourists who visit regularly due to the high quality of their food and the great atmosphere. This business includes 1.8 acres of land, a HUGE fully enclosed and heated pavilion with a full bar, multiple volleyball courts, and several horseshoe pits. There are living quarters upstairs currently used as a weekly rental unit for hunters and a local business that includes two bedrooms, 1 bathroom, and a full kitchen. Included in the sale is another business attached to the facility. This is a commercial rental space on the opposite side of the building leased out to a hair / tanning salon generating guaranteed monthly revenue. All the equipment for this business is also included in the sale. There is a newer metal roof, a brand new furnace, and a huge septic system that is almost new as well. That's over $75k in recent improvements to some of the most costly expenses for a property.

Detailed Information

Inventory:
Not included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
2 FT / 6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Approx. 4,525 sq. ft. building size, huge enclosed pavilion, 1.8 acre lot size, includes 2BR/1BA living quarters.
Competition:
While there are a number of bars and grills in the area, there are none that offer the complete package that comes with this business. The owners have shared that they offer some of the best food in the area, and have a loyal following. An operator coming in with the resources to increase advertising / host more events, and sponsor additional area activities could pull in more business from the surrounding area to the bar and restaurant sections of the business. There is little to no competition in the immediate area for large scale events, or competition with the ability to handle larger on site catering and outdoor live venue events.
Growth & Expansion:
There is ample room for expansion should a new owner wish to expand the building or outdoor areas. There is natural opportunity to increase sales through partnering locally with the campgrounds in the area, as well as some of the snowmobile and other such clubs. There is also room for sales growth by increasing bookings in the pavilion for special events, outdoor weddings, and live entertainment.
Support & Training:
Yes, negotiable.
Reason for Selling:
Retirement

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Jerry Vlaminck

Business Listed By:
Jerry Vlaminck

Hospitality Services Corp.

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