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LPID # 2016101 - $729,000

Northern WI Restaurant & Inn

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Property Description

$729,000  |  LPID # 2016101  |  Confidential Listing - Northern WI Restaurant & Inn

FOR SALE
SUCCESSFUL COUNTRY INN
CABLE, BAYFIELD COUNTY, NW WISCONSIN

TWO BUSINESSES IN ONE
EXQUISITE SEVEN ROOM GUEST LODGE AND AWARD-WINNING CASUAL FINE DINING RESTAURANT NEAR CABLE/HAYWARD IN THE HEART OF THE CHEQUAMEGON-NICOLET NATIONAL FOREST. THE ONLY RESTAURANT IN THE REGION NAMED TO TRIPADVISOR'S HALL OF FAME AS A SIX-TIME CERTIFICATE OF EXCELLENCE WINNER, AND ALSO THE ONLY ONE TO EARN A AAA THREE DIAMOND RATING.

THE GUEST LODGE AND RESTAURANT 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 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.

FINANCIAL SUMMARY
PRICED TO SELL AT $729,000 INCLUDING LAND AND BUILDINGS, PLUS ALL FURNITURE, FIXTURES, AND EQUIPMENT (EXCLUDING EXISTING F&B INVENTORY AND WILDLIFE PHOTOGRAPHY GALLERY).

LIST PRICE IS 7% UNDER ESTIMATED FMV: $380,300 FOR REAL ESTATE (PER BAYFIELD COUNTY ASSESSOR) + $480,324 FOR BUSINESS (PER BIZEX BUSINESS BROKERS) = $860,624.

THE COMBINED BUSINESSES HAVE A 3 YEAR AVERAGE EBITDA OF $65,562 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.

FOR MORE INFORMATION
SEE CABLENATURELODGE.COM AND ROOKERYPUB.COM. PLEASE CALL OR EMAIL BILL FOR FURTHER DETAILS OR TO ARRANGE A SHOWING: 715-580-0850, BILL@CABLENATURELODGE.COM. OWNER/SELLER IS A LICENSED WISCONSIN REAL ESTATE AGENT. BUYER AGENT INQUIRIES WELCOME.

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$729,000  |  LPID # 2016101  |  Confidential Listing - Northern WI Restaurant & Inn

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Contact Bill Brakken - 715-580-0850

Re: $729,000  |  MLS # 2016101  |  Confidential Listing - Northern WI Restaurant & Inn

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