Loretta Steakhouse in Northern Wisconsin REDUCED to $300,000!
Business Description
Location! Location! Location! The Loretta Steakhouse is located at the crossroads of Hwy G and Hwy 70 and offers direct access to the famous Tuscobia Snowmobile/ATV trails...in other words, everything leads to Loretta Steakhouse! Locals love the place, and the food and company draws vacationers and outdoorsmen from Lake Winter, the Chippewa Flowage, Park Falls, Phillips and Hayward areas. With the many lakes, rivers and 1,000's of acres of hunting land practically out your back door, this is the perfect place to eat, drink and relax after your outdoor adventure. There is a full bar and two distinct dining areas, with one specifically designed for private parties. Boasting a complete kitchen with NEW kitchen equipment in May, 2024, and 3 BR, 1 BA living quarters that has been recently updated, the Loretta Steakhouse is not only a culinary destination but a launching pad for your new career and adventure. Call today to schedule your personal showing! Qualified buyers only.
About the Business
- Number of Employees
- 3
- Franchise
- This business is an established franchise
- Facilities & Assets
- This location has a full kitchen, full bar, and 2 dining rooms as well as an attached living quarters. There is a private parking lot and list of extensive recent improvements. Some of the recent improvements include: kegarator; pop cooler; wood stove; new compressor in ice machine; new compressor in walk in cooler; new flooring in both walk in coolers; wine cooler and reach in freezer less than 5 years old; new commercial range and new char broiler 2024; and new appliances in living quarters, 2024.
- Website
- https://www.newhorizonsrealtywi.com/idx/listing/WI-NWOODS/205143/3480W-Hwy-70-Lo
- Market Outlook / Competition
- This bar and restaurant is located on the corners of Hwy 70 and Hwy G and is on the Tuscobia Trail, with few other bars/restaurants in the area. Intimate/private party seating and high top tables and bar seating in the main bar. There is a living quarters with washer, dryer and spacious bedroom with 2 additional upper bedrooms and space for storage/office. This has a private deck off the living quarters, and plenty of green space.
- Opportunities for Growth
- The current owner cooks and has employees, and the new owner can add more hours and can staff and add or take from the current menu to make it their own.
Real Estate
- Owned or Leased
- Owned
- Included in asking price
- Building Sq. Ft.
- 4,000
About the Sale
- Seller Motivation
- Seller is looking to sell and relocate
- Transition Support
- Seller will train.
- Financing Options
- Short term land contract with minimum of 30% down may be considered.
Listing Info
- ID
- 2191133
- Listing Views
- 1841
Listing ID: 2191133 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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