HUGE PRICE DROP

Eau Claire, WI (Eau Claire County)

Entertainment Mecca
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Asking Price: $889,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $370,000

Inventory: N/A

Real Estate: $1,277,700

Established: 2016

HUGE PRICE DROP

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Business Description

Exceptional buy. 2017 appraisal $2,620,000. Current 2018 assessed value $1,277,700. Start up 2017 revenues exceeded $1,000,000. Appraisal indicated a value of $370,000 for FF&E. Property is being sold "as is". All FF&E on site included. Do not pass this one up. Priced for quick sale.

Detailed Information

Location:
Eau Claire, WI
Real Estate:
Owned
Included in asking price
Building SF:
12,640
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Totally remodeled and redesigned Varsity Club & Event Center. Sale includes a 5,640 SF Main Building that formerly housed the Varsity Club Bar/Restaurant. In addition there is a separate 5,000 SF Event Center on the same site still used for weddings, company parties, etc. The Event Center has it's own fully equipped kitchen and bar. Some existing financing may be able to be assumed. The property is closed. Some catering and events scheduled.
Growth & Expansion:
Robust market. Entrance into sports bar venue and event center showed explosive growth and potential for many years into the future. Very large facility with multiple profit centers in place.
Reason for Selling:
Other Interests.
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Contact the Seller

(from currently available funds)
 
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Charles Feather

Business Listed By:
Charles Feather

Feather Real Estate Group

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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