SEEKING A CHANGE IN LIFESTYLE?
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Excellent opportunity for ambitious couple to operate their own well-established and profitable business in NW Wisconsin’s beautiful forest and lake country. Ideal partnership will consist of an experienced chef eager to showcase his/her artistry to an existing customer base accustomed to unique, freshly prepared cuisine. Plus spouse/partner with an aptitude for overseeing guest accomodations, front of house, marketing, finances, and all related management functions.
TWO SUCCESSFUL BUSINESSES IN ONE
Exquisite seven room guest lodge and award-winning casual fine dining restaurant near Cable/Hayward in the heart of the Chequamegon-Nicolet National Forest. The only restaurant in the region named to TripAdvisor's Hall of Fame as a Six-Time Certificate of Excellence winner, and also the only one to earn a AAA Three Diamond rating.
The guest lodge and restaurant are co-located on separate floors of a 6,400 square foot cedar sided structure originally built in 1978 and completely remodeled from 2005-2008 (including full ADA compliance). The building is situated on 22 private acres with mowed walking trails adjacent to national forest land. The 7 lodge rooms on upper level each feature uniquely rustic elegant design, with plush king or queen bed, private bath, mini-fridge, microwave, and Keurig coffeemaker. High speed fiber-optic powers the in-room TVs, plus Wi-Fi throughout the building.
Lower level restaurant has separate public entrance and seats 52 in main dining room plus 20 in bar. Entire space is distinctive in its use of reclaimed Douglas Fir for the bar, timber frame booths, and wainscoting, with floors of bamboo and textured concrete. An outdoor patio with native plant landscaping, covered pavilion, and music stage accommodates 100+ people for concerts and al fresco dining during summer and early autumn months.
The lodge has been in operation since 2005, with a growing base of repeat customers. The restaurant opened in 2008 and has become widely known as one of the finest in the area, earning outstanding reviews on TripAdvisor and other social media.
Combined lodge and restaurant business has a demonstrated 11+ year track record of financial success operated by a single proprietor with no culinary background, made possible by hiring a full-time salaried chef. Keep that money for yourself! The ultimate value and profitability of this business will be more fully realized when owned and operated by a chef/manager team.
Priced to sell at $695k including land; buildings; and all furniture, fixtures, and equipment (excluding existing F&B inventory and wildlife photography gallery). Plus numerous intangible business assets including 2,000+ guest email database & other extensive marketing materials.
* 2014-2018 Avg Annual Gross Profit (after COGS) = $208k (63% Restaurant/37% Lodge)
* 2014-2018 Avg Annual Net Operating Income = $63k
* Cap Rate = 9.1%
* Owner Total Capital Investment = $950k+
FUTURE INCOME OPPORTUNITIES
Many options exist for further development of the business. Among the possibilities:
* Currently operated not as a Bed & Breakfast, but “Dinner & A Bed” (i.e. serving only dinner). Additional meal services could be added for both overnight guests and the general public.
* Outdoor patio dining area seats ~100 (50 under pavilion cover). Used now only for live outdoor music once/week. Could be use for much more (i.e. weddings & special events).
* Spacious 22 acre property offers plenty of room to add additional guest accommodations in the form of cabins or even simple yurts.
* Catering weddings/special events for Cable area’s many wealthy lake home owners.
FOR MORE INFORMATION
Go to www.lakeplace.com/prime-property/1516820. Also see CableNatureLodge.com and RookeryPub.com. Please email for further details or to arrange a showing.
Owner/Seller is a licensed Wisconsin real estate agent. Buyer agent inquiries welcome.