Madison WI Downtown Real Estate and Businesses

Asking Price$9,750,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Madison WI Downtown Real Estate and Businesses


Asking Price$9,750,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross RevenueNot Disclosed

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Available: approximately 2 acres commercial property in Madison Wisconsin, downtown first business district, zoned commercial for buildings up to eight stories, with some historical zoning. Lake view with no possibility of view-blocking construction. Property currently consists of: 1) parking lot with 100+ stalls; 2) boutique 15-room hotel The Ruby Marie featuring charming antique style and décor, with ground floor bar called The Up North; 3) adjoining building housing another bar The Come Back In which features a great backbar and restaurant with seating for 250+ amid décor evoking a bit of nostalgiafor historical times; 4) The Essen Haus, an iconic restaurant with national notoriety as a German-style drinking house for students and visitors who appreciate its “gemuetlichkeit” atmosphere, sixteen German beers on tap, and staff dressed in authentic apparel serving bar, restaurant and banquet halls. Ample outdoor
seating open to all bars features scheduled music events. As owner/manager for the past 43 years, I have enjoyed immensely the opportunities provided by these properties. But now, at 77 years of age, I think it is time to retire. I am seeking a buyer or buyers who wish to purchase the entirety, or portions, to take the properties into another generation of success. It takes a lot of work, but there is great potential for rewards in continuing the businesses as is, or for developing new directions. I invite responses from serious inquirers with imagination and vision, and
willingness to work with the city and neighborhood. You are welcome to call directly or drop by for a beer and pretzel, we would love to talk with you!
About the Business
Years in Operation
42
Employees
55
Facilities & Assets
All real estate and business property excluding owners personal property
Website
https://essen-haus.com
Real Estate
Owned or Leased
Owned
Not included in asking price
Listing Info
ID
2368245
Listing Views
718
Business Location

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Business Listed by: Robert Worm

Listing ID: 2368245 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.