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Wisconsin Business For Sale |
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| LAKEFRONT BAR & RESTAURANT - REDUCED |
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| Attn: Tim Bullard |
| Reggie's Lakeview |
| Mukwonago, WI, USA |
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| Asking Price: |
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$675,000 USD USA Dollars |
| Business for Sale Industry: |
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Food & Beverage: Bars, Clubs, Nightspots |
| Reason for Selling: |
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Retiring |
| Year Established: |
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1994 |
| # of Employees: |
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2 Full Time / 2 Part Time |
| Yearly Revenues: |
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$66,450 |
| Yearly Cash Flow: |
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$32,297 |
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Business for Sale Overview:
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Reggie's Lakeview Bar & Restaurant located on Phantom Lake in Mukwonago, WI located just minutes from I-43 in SW Waukesha County & within a half an hour from Milwaukee, is a great bar and restaurant with an outstanding location. The bar & restaurant has been owned and operated by the current owners for the past 14 years. Reggie's offers an expansive menu from pub food to Friday fish fry or you can stop in for a cold one. The recently renovated kitchen and upstairs living quarters has turned this business into a true hidden gem. The lake community is a very tight knit community and can offer a great deal of business if you provide them with an excellent service. This is a great opportunity because of its excellent location.
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Property Features and Assets:
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The 1 bedroom and 1 bathroom apartment upstairs is where the current owners reside but it could be rented for additional income. There is also a 600 square feet cottage included on the property the is fully occupied and produces and additional $7,200 per year. The bar and restaurant sit on over a half acre of land with 211' of lake frontage equipped with 2 piers for docking customer's boats or possible slip and/or boat rental. They also have a sand volleyball court, horseshoe pits. These are all great ways to generate interest in the bar & restaurant by utilizing these assets to bring in more customers. |
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Market Competition and Expansion:
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The current owners do not do a great deal of marketing and basically rely on the customer base that they have built over the years. With a fresh marketing plan this is a wonderful opportunity to take advantage of its Lakefront location. There are many ways to grow expand its existing customer base just by having the lake in the bar's front yard. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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