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Steakhouse/supper Club Greater Milwaukee Area For Sale

Not Disclosed, Wisconsin, US
Asking Price:
$2,700,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$3,682,166
Cash Flow:
$714,632

One of the finest supper clubs in the Greater Milwaukee area is for sale. Buying a restaurant that has consistent revenue for 20+ years is a golden opportunity. This impressive financial track record showcases its stability and profitability, making it a lower-risk investment. The restaurant's loyal customer base ensures a steady revenue stream, while the dedicated staff and great location add to its operational strength. Known for its amazing food quality and exceptional service, it has built a strong reputation that drives repeat business and attracts new patrons. The owner's commitment to reinvesting in the business means that all furniture, fixtures, and equipment are modern and well-maintained, reducing immediate capital expenditure needs. Overall, this restaurant represents a thriving business with a solid foundation for continued success.

Buyers will be required to sign a Confidentiality Agreement and provide proof of financial capability. This can be through a personal financial statement, statements from a financial institution, or a letter of recommendation from a bank.

Property Information

Real Estate:

Lease

Premises Details:

Seller owns the building through a separate LLC and the business leases the building from this LLC. Owner would like to assign the current lease and then provide any extensions that may be needed to secure financing for a buyer.

Business Operation

Expansion Potential:

There are three possible avenues to expand the business. Owner is happy to discuss these options for growth with potential buyers.

Reasons for selling:

Retirement and to work on real estate holdings.

Trading hours:

Monday-Saturday

Employees:
20 FT/20 PT
Years established:
29

Other Information

Financing available:

Lender pre-screened with $460K down.

Furniture / Fixtures value:
$88,828 - included in the asking price
Inventory / Stock value:
$110,000 - included in the asking price