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LPID # 2016101 - $799,000

- Northern Wi Restaurant And Inn, WI

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Property Description

$799,000  |  LPID # 2016101  |  - Northern Wi Restaurant And Inn, WI

ATTENTION CHEFS! LOOKING TO OPERATE YOUR OWN GOURMET RESTAURANT WHILE ENJOYING THE NORTHWOODS LIFESTYLE? CHECK OUT THIS AWARD-WINNING CASUAL FINE DINING RESTAURANT AND EXQUISITE SEVEN ROOM GUEST LODGE NEAR CABLE/HAYWARD IN THE HEART OF THE CHEQUAMEGON-NICOLET NATIONAL FOREST (20100 COUNTY HWY M, CABLE). THE ONLY RESTAURANT IN THE REGION NAMED TO TRIPADVISOR'S HALL OF FAME AS A FIVE-TIME CERTIFICATE OF EXCELLENCE WINNER, AND ALSO THE ONLY ONE TO EARN A AAA THREE DIAMOND RATING. THE RESTAURANT AND LODGE ARE CO-LOCATED ON SEPARATE FLOORS OF A 6,400 SQUARE FOOT CEDAR SIDED STRUCTURE ORIGINALLY BUILT IN 1978 AND TOTALLY REMODELED IN 2005-2008 (INCLUDING FULL ADA COMPLIANCE). THE BUILDING IS SITUATED ON 22 PRIVATE ACRES WITH MOWED WALKING TRAILS ADJACENT TO NATIONAL FOREST LAND. THE LOWER LEVEL RESTAURANT HAS A SEPARATE PUBLIC ENTRANCE AND SEATS 52 IN THE MAIN DINING ROOM, WITH ADDITIONAL SEATING FOR 16 IN A COZY PRIVATE DINING ROOM PLUS 20 IN THE BAR. THE ENTIRE SPACE IS DISTINCTIVE IN ITS USE OF RECLAIMED DOUGLAS FIR FOR THE BAR, TIMBER FRAME BOOTHS, AND WAINSCOTING, WITH FLOORS OF BAMBOO AND TEXTURED CONCRETE. AN OUTDOOR PATIO WITH NATIVE PLANT LANDSCAPING, COVERED PAVILION, AND MUSIC STAGE ACCOMMODATES 100+ PEOPLE FOR CONCERTS AND AL FRESCO DINING DURING SUMMER AND EARLY AUTUMN MONTHS. THE SEVEN LODGE ROOMS ON THE UPPER LEVEL EACH FEATURE A UNIQUELY RUSTIC ELEGANT DESIGN, INCLUDING A PLUSH KING OR QUEEN BED, PRIVATE BATH, SATELLITE TV, MINI-FRIDGE, MICROWAVE, AND GOURMET COFFEEMAKER. THE LODGE HAS BEEN IN OPERATION SINCE 2005, WITH STEADILY INCREASING REVENUE AND A GROWING BASE OF REPEAT CUSTOMERS. THE RESTAURANT OPENED IN 2008 AND HAS BECOME WIDELY KNOWN AS ONE OF THE FINEST IN THE AREA, EARNING OUTSTANDING REVIEWS ON TRIPADVISOR AND OTHER SOCIAL MEDIA. THE COMBINED BUSINESSES HAVE A CURRENT EBITDA OF $75,000 WITH A SALARIED HEAD CHEF AND ALL HIRED SERVERS AND HOUSEKEEPING STAFF. THIS COULD EASILY TRANSLATE TO $130,000+ WITH AN OWNER/OPERATOR CHEF AND WORKING MANAGER SPOUSE. PRICED AT $899,000 INCLUDING LAND AND BUILDINGS PLUS ALL FURNITURE, FIXTURES, AND EQUIPMENT (EXCLUDES EXISTING F&B INVENTORY). PLEASE EMAIL FOR FURTHER DETAILS OR TO ARRANGE A SHOWING. OWNER/SELLER IS A LICENSED WISCONSIN REAL ESTATE AGENT. BUYER AGENT INQUIRIES WELCOME.

Property Details

$799,000  |  LPID # 2016101  |  - Northern Wi Restaurant And Inn, WI

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$799,000  |  LPID # 2016101  | 

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