Business Summary:
This is a unique opportunity to purchase a legendary business in Burnett County! Originally known as “Loui’s” this was ‘the’ favorite nightclub for many years in the area featuring “live” music. In 1995 Owner totally remodeled it from the ground up! He spared no expense and turned it into 3 business’s in 1, that being a beautiful restaurant, a separate sports bar/ nightclub and a banquet facility that can seat 500. The interior is very contemporary and has the ambiance and décor similar to the nationally franchised restaurant “Champs”. Smoking is allowed in Wisconsin. No dram shop insurance- better rates. Over $1,4500,000 in value (land, building and equipment)
On/Off Sale Liquor
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| Year
Business was Established: 1960 |
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| Number of Employees:
currently closed |
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| Facilities / Terms of Lease:
16,263 sq ft on 3 acres with option on additional 3 acre parcel |
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| Potential
Growth/Expansion:
Burnett County is the fastest growing county in Wisconsin! You are within 1 hour of Mpls and St. Paul. With gas prices skyrocketing people will be traveling less distance for their vacations, which makes this a true destination spot for the millions that live within 60 miles of this business. Trollhaugan ski area is a mile away and Wild Mountain ski area is within 5 miles. The “Gandy Dancer” snowmobile and ATV trail runs next to the property. Business will do well year around! |
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| Competition:
Building and land was appraised at $1,000,000.00 in 2006. F,F and E is in the $450,000 range. There is an additional lot available (3 acres) complete with city water and sewer.
Burnett County continues to grow! This business is an icon in the area and very well established. There’s no doubt that opening it again for business will bring the crowd right back. Business can easily top $1M in sales with the right owners. Sky’s the limit! |
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| Owner
willing to finance:
Negotiable, make offer |
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| Owner
willing to train:
none |
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| Reason for selling:
Divest of restaurant operations |
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Seller Reference Number: 390382
BusinessMart.com Listing Number: 41082 |
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on this business
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