Business Overview:
Priced reduced to $239,000 from $249,900! A great investment awaits you! Due to the efforts and loyalties of the previous owners, the Northwoods Grill & Steakhouse has a favorable reputation and is well known throughout its surrounding community. With the right enthusiasm and entrepreneurship, you could be the newest owner of this hidden food treasure! Whether you keep previous traditions alive, or put your own new spin into revitalizing this tasty stop for locals & tourists alike, now is the time to take advantage of this great Main Street location in Remer. This investment also provides additional income through the three upper level apartments available for lease.
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:
5,760 Square Feet Building. Lower level is a 2,880 Square Feet Restaurant/Bar previously operating as Northwoods Grill & Steakhouse. Seating capacity is 65. Commercial grade restaurant equipment is included in the listing price. Upper level is 2,880 Square Feet and contains 2-two bedroom apartments and 1-one bedroom apartment. The property is located on Main Street, consisting of 10,790 Square Feet (83' x 130'). There are 10 onsite parking spaces plus street parking. Apartments have separate air conditioning units and are metered separately.
Market Competition and Expansion:
This newer building was built as a restaurant & apartments. While names as a "steakhouse". the property has always been operated as a full, "breakfast, lunch, dinner" cafe - directly competing with the neighboring cafe. The last operator got in when the economy went south and couldn't make the operation work for him. this is a well equipped bar & restaurant in an active community in the Lakes Area. Now may be the time to get an excellent buy on this property and make this into the steakhouse it was planned to be.
Reason for Selling:
Bank Owned
Additional Details:
- The property is owned.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
Resources: