Beautiful Bar/Restaurant in Golf Resort with Lakeshore

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Asking Price:
$649,000

Gross Revenue:
$600,000
Cash Flow:
$125,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$75,000
included in asking price

Real Estate:
$559,400
included in asking price

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Business Description

Cheers Bar & Grill has something for just about everybody. Located in the heart of the Tagalong Golf & Resort on Red Cedar Lake in Birchwood, Wisconsin just 20 miles NW of Rice Lake.

Cheers Bar & Grill has two facilities located on 2 acres. The main chalet in nestled in a beautiful century old golf course. The 11,200 square foot space serves both the bar/restaurant and pro shop. The lower level holds a modest sized banquet room for 50 and plenty of storage space. The beautifully manicured lawn provides tent space for up to 400 for outdoor weddings/events.

The real attraction in the summer is the Pump House on Red Cedar Lake. With space for 20+ boats and patio seating for 50+. It's a local favorite.

Give me a call or send an email to schedule a walkthrough!

About the Business

Year Established:
2015
Number of Employees:
10-20
Real Estate:
Owned
Building Sq. Ft.:
10,800
Facilities:
• 2+ Acres
• 11,200 SQ Feet - Two Levels
• 192' Shoreline
• Seats 130+ Inside Bar & Dining Room
• 50 Seats Lower Level Banquet Room
• 300-400 Seats Under the Outdoor Tent
• 20' Hood
• 60+ Parking Spaces

Building Square Footage Breakdown:
Size (sq.ft.) %
Bar 2,674 --24%
Clubhouse 2,382 ---21%
Dining 1,728--- 15%
Kitchen/Support 960--- 9%
Upstairs Office 470--- 4%
Bsmt Banquet/Storage 3,000---27%
Total 11,214
Website:
www.cheersbarandgrill.us
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About the Sale

Reason For Selling:
Health Issues
Training/Support:
Two weeks

Listing Info

ID:
1609801
Ad Detail Views:
0

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Business Listed by

Rick Guntzel

Hospitality Services Corp.

 Show Phone Number

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Sponsoring Broker:

Jerry Vlaminck
Hospitality Services Corp.


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