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Established Milwaukee Tavern For Sale

Milwaukee, WI (Milwaukee County)

Established Milwaukee Tavern For Sale
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Asking Price: $315,000

Cash Flow: N/A

Gross Revenue: $250,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $164,000

Established: 1947

Established Milwaukee Tavern For Sale

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Business Description

Successful running tavern with huge growth potential! Owner retiring.

Friendly neighborhood tavern that has been in the neighborhood for decades. Truly turn key opportunity to be your own boss. Tavern was updated in 2011 with new back bar coolers, walk-in cooler, tapper system, electrical, windows, furnace & air conditioning. Fantastic indoor & outdoor patio added in 2015; new carpet & flooring in 2019. There’s also a huge 2 bedroom/ 1 bath apartment with large deck that is currently under lease. Addional walk up attic space that could be converted into another rental for added income.

Detailed Information

Location:
Milwaukee, WI
Real Estate:
Owned
Included in asking price
Building SF:
2,500
Employees:
6
Facilities:
Price includes real estate & all bar equipment. Bar equipment consists of newer Perlic 4 glass door cooler, True upright cooler, indoor and outdoor bar stools and tables, 5 flat screen TVs, pool table & glassware. Tavern and apartment are both approximately 1250 square feet plus outdoor patio/ covered deck. Street parking is plentiful.
Competition:
Located in high traffic area. Tavern is well established with a regular customer base from the neighborhood. Located minutes from Major hospital and medical facilities. A+ rating from health department.
Growth & Expansion:
Lots of room for growth. Bar could open earlier to accommodate third shift or older retired clientele. New owner could increase income by working some of the shifts.
Support & Training:
Negotiable.
Reason for Selling:
Retiring
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Business Listed By:
Mark Silber

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