Owner Financing is Available
Business for Sale Overview:
High-traffic, B3 commercially-zoned property with 257’ of Lake Delavan water frontage and 170’ of frontage on State Highway 50. Fantastic Inlet location adjacent to public boat launch. Property includes a 3,000 square-foot building, 1,260 square-foot house with rental income, waterfront deck and two piers (80’ and 60’ respectively) that can accommodate 12-16 slips. This space has most recently been used as a retail watercraft space, but it has also housed a bar/restaurant and a Class B Liquor License is in place. Price reduced...owner financing option.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
257 feet of water front, 190 feet of Highway 50 frontage, B-3 zoning, 3,000 square foot Retail Building (remodeled 5/2000, new Heating and Air Conditioning, new Well Pump 2/2009); 1,260 square foot, 2 bedroom Residence, 60’ x 8’ Building Sign, Lighted Billboard, 8’ x 10’ Illuminated Street Sign, Boat Slips (capacity for 12-16); 4’ x 80’ and 4’ x 60’ Piers with 2’ Finger Docks, Shore Stations (3 - 3,500 lb Steel Lifts), Fenced and Gated Property, Interior and Exterior Lighting, Built-in Cabinets, Water Heater, 200 AMP Service, 2 Bryant 80,000 BTU Heating/AC Systems; Shop Heater and AC, New Carpet in showroom 11/05 Retail Class B Liquor License, Boat Launch. The two Piers accommodate 12-16 slips that rent seasonally for $1,000-$1,200 each. The adjacent residence is currently leased for $820 per month.
Market Competition and Expansion:
High traffic area attracting affluent property owners from Northern Illinois and nearby communities in Southern WI. Its waterfront location and docking capacity draws crowds enjoying the advantages of the lake during both summer and winter months. This section of Highway 50 frontage boasts a traffic count of 12,500 plus per day. This location has successfully housed a bar/restaurant beginning in the 1940s. In 1970, new owners sold and serviced snowmobiles, sold bait, operated as a marina and boat rental facility, served meals to hunters and fishermen, operated as a bar, and eventually sold and serviced watercraft as well. The current owner continues to operate as a marina, sells beer and other beverages, and has operated as a retail watercraft and watercraft accessories vendor over the past 9 years. With a Class B liquor license in place, this location has excellent potential to be fully re-developed into a bar/restaurant, but it could also easily be successful as a retail location for a variety of products.
Reason for Selling:
Owner moved his business to larger location.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.