HSC-Turnkey Northwoods Bar + Apartment – Real Estate Included

Asking Price$229,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$10,000
Not included in asking price
FF&E$15,000
Included in asking price
Real Estate$185,000
Included in asking price
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HSC-Turnkey Northwoods Bar + Apartment – Real Estate Included


Asking Price$229,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

Inventory$10,000
Not included in asking price
FF&E$15,000
Included in asking price
Real Estate$185,000
Included in asking price
Business Description
Live & Operate Bar with Real Estate in Northern Wisconsin
Liquor in the Woods presents a turnkey opportunity to acquire a fully operational bar and mixed-use property with real estate included, located in Iron River, Wisconsin along US Highway 2. This offering combines an established neighborhood tavern with a remodeled residential unit, creating both income potential and lifestyle flexibility.

The business operates from a functional and efficient layout featuring a fully equipped bar, ample seating, and all necessary furniture, fixtures, and equipment to support immediate, seamless operations. The space is designed for ease of management, making it well suited for an owner-operator or hands-on buyer seeking a manageable footprint.

The property benefits from a consistent mix of local regulars and seasonal visitors. Its location along a primary east–west corridor in northern Wisconsin provides steady pass-through traffic, while the surrounding area supports tourism driven by outdoor recreation. Nearby lakes, trail systems, and access to the Chequamegon National Forest contribute to repeat visitation and increased seasonal demand.

Above the bar, the remodeled two-bedroom apartment offers flexibility as either an owner-occupied residence or an income-producing rental. This mixed-use configuration enhances the overall investment profile by offsetting operating costs or providing additional revenue.

The building includes approximately 1,288 square feet on the main level with a capacity of approximately 75 patrons, along with a full basement that provides additional storage and utility space. The property also features an outdoor beer garden and sits on a compact, easy-to-maintain site with on-site parking, supplemented by nearby street and public parking options.

The business has maintained stable annual sales, providing a solid foundation for a new owner. Opportunities exist to enhance performance through extended hours, updated menu offerings, events, or a refreshed concept tailored to both local and visitor demand. The existing setup allows a buyer to step in and operate immediately while implementing improvements over time.

The offering is well suited for a buyer seeking a lifestyle-oriented investment in a Northwoods market, with the ability to live and work on-site. It may also appeal to investors looking for a mixed-use property with operational upside and multiple income streams.

The business name may be included or excluded in the sale at the buyer’s discretion, providing flexibility for continuation or rebranding.

Asking price is $229,000, which includes real estate and furniture, fixtures, and equipment. Inventory is not included in the asking price.
About the Business
Years in Operation
12
Employees
6 (1 Full-time, 5 Part-time)
Facilities & Assets
Fully equipped bar with approximately 1,288 SF on the main level and seating for ~75 guests. The space includes a functional bar layout, outdoor beer garden, and full basement for storage and utilities. Above the bar is a remodeled two-bedroom apartment (approx. 767 SF) suitable for owner occupancy or rental income. The property offers on-site parking plus nearby street and public parking.
Website
https://www.facebook.com/IronRiverWisconsin
Market Outlook / Competition
Located in Iron River, WI, the business benefits from a stable local population and strong seasonal tourism. Positioned on US Hwy 2, a key east–west corridor, the property sees steady pass-through traffic connecting Superior and Ashland. The area is supported by nearby lakes, snowmobile and ATV trails, and access to the Chequamegon National Forest, driving consistent visitor activity and repeat traffic throughout the year.
Opportunities for Growth
Opportunity exists to grow revenue through extended hours, expanded food offerings, and increased event programming. Adding live entertainment, themed nights, or catering to trail and tourism traffic could drive additional volume. The apartment provides flexibility to reduce overhead or generate rental income. A refreshed concept, updated marketing, and stronger social media presence offer further upside.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
2,200
About the Sale
Seller Motivation
Other interests
Transition Support
Seller will provide a smooth transition period to ensure continuity of operations. The business is currently staffed with an experienced team in place, allowing for a seamless ownership change. This is an absentee-owned operation, providing flexibility for either continued oversight or a more hands-on approach.
Listing Info
ID
2488225
Listing Views
Attached DocumentsAttachment Disclaimer

Liquor in the Woods Public Binder.pdf

Business Location

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Business Listed by: Rick Guntzel Hospitality Services Corp.

Listing ID: 2488225 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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