Retail - Bars/Taverns | Retail - Restaurants

Asking Price	$749,999	Inventory
Gross Income	$66,450	Real Estate	$600,000*
Cash Flow	$32,297	Year Established	1994
FF&E	N/A	Employees	2 ft / 2 pt

* included in the asking price

** not included in the asking price

Reggie's Lakeview Bar & Restaurant located on Phantom Lake in Mukwonago, WI just mintues from I-43 in hte SW corner of Waukesha County is a great business with an outstanding location. The bar & restaurant has been owned and operated by the current owners for the past 14 years. Reggie's offers an expansive menu from pub food to Friday fish fry, or you can just stop in for a cold one. The recently renovated kitchen and upstairs living quarters has turned this business into a true hidden gem. The 1 bedroom, 1 bathroom apartment upstairs is where the current owners reside but it could be rented out for additional income. There is also a 600 sq. ft. cottage included on the property which is fully occupied and produces an extra $7,200/year. The bar & restaurant sits on over a half acre of land with 211' of lake frontage equipped with 2 piers for docking customer's boats or possible slip and/or bost rental. They also have a sand volleyball court and horseshoe pits. Theses are all ways to generate interest in the bar & restaurant by utilizing these assests to bring in customers. The lake community is a very tight knit community and can offer a great deal of business if you provide them with an excellent service.

Facilities: 1900 sq ft bar & restaurant with 1200 sq ft apartment upstairs. The kitchen and upstairs living quarters were recently renovated. There is also a 600 sq ft cottage on the property that is currently occupied. New roofs have been recently been installed. The building is kept up very well and everything is in great condition. This is a turn key business with no work necessary to be done. Ample parking.

Competition: The bar is in a perfect location, it has 211' feet of lake frontage and 2 piers to help to help generate business off the lake both during summer & winter months.

Growth/Expansion: This bar & restaurant provides an excellent opportunity for growth with the right marketing plan. Current owners do not participate in much marketing and rely mostly on repeat business. An agressive marketing plan could maximize the bars outstanding location on the lake.

Financing: Seller is willing to offer financing with 50% down.

Support/Training: 2 weeks of training will be provided for a max of 16 hours per week included in the sale price of the business. Owner will also be willing to consult for 2 months after the closing for up to hours per month.

Reason Selling: Retiring