Business Summary:
High-traffic, B3 commercially-zoned property with 257’ of water frontage and 170’ of frontage on State Highway 50 in Delavan. Fantastic Inlet location adjacent to public boat launch. Property includes a 3000 square-foot building, 1260 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 just reduced.
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| Year
Business was Established: 1945 |
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| Number of Employees:
1FT/1PT |
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| Facilities / Terms of Lease:
257 feet of water front, 190 feet of Highway 50 frontage, B-3 zoning, 3000 square foot Retail Building (remodeled 5/2000, new Heating and Air Conditioning, new Well Pump 2/2009); 1260 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 - 3500 lb Steel Lifts), Fenced and Gated Property, Interior and Exterior Lighting, Built-in Cabinets, Water Heater, 200 AMP Service, 2 Bryant 80 K 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 $1000-$1200 each. The adjacent residence is currently leased for $820/month. |
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| Potential
Growth/Expansion:
This is a 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+/day. |
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| Competition:
Competition will depend upon the business conducted from this location; most probable buyer will re-open a restaurant/bar or water-related retail business. Excellent probability for the success of either since both business categories have a long history of success in this location. |
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| Owner
willing to finance:
Most businesses qualify for 401K/IRA funding without penalties. http://www.youtube.com/watch?v=IktGJRk2zJg&feature=channel_page |
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| Owner
willing to train:
TBD |
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| Reason for selling:
Seller has built a larger building in a new location to accommodate his growing business. He prefers to concentrate his efforts on a single location. |
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Seller Reference Number: 4181-300
BusinessMart.com Listing Number: 58518 |
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