HSC-Over $250,000 below the estimated market value of $946,500
Property Description
Motivated Sellers
**Business Overview – Lehman’s Supper Club | Rice Lake, Wisconsin**
Lehman’s Supper Club is a well-established and iconic dining destination in the heart of Rice Lake, Wisconsin. Known for its classic supper club ambiance, loyal customer base, and decades of successful operation, Lehman’s has long been a staple of the local dining scene. The business includes a full-service restaurant, bar, banquet facilities, and ample parking, making it a turnkey opportunity for a new owner.
**The sellers have priced the property significantly below market value to encourage a swift sale, creating a rare opportunity to acquire a respected and profitable business at a considerable discount. This offering is ideal for an operator looking to step into an established brand with strong community recognition and immediate revenue potential.**
Lehman's Supper Club and Lounge sits on 1.80+ acres of land directly across from Cedar
Mall on Main St. The 7000+ square feet is divided up by a lounge area, dining room,
banquet room and an expansive kitchen. The outdoor patio can be tented and seats a
100 easily. Surface parking lot wraps three-quarters of the way around the building.
Lehman’s Supper Club is a well-established and iconic dining destination in the heart of Rice Lake, Wisconsin. Known for its classic supper club ambiance, loyal customer base, and decades of successful operation, Lehman’s has long been a staple of the local dining scene. The business includes a full-service restaurant, bar, banquet facilities, and ample parking, making it a turnkey opportunity for a new owner.
**The sellers have priced the property significantly below market value to encourage a swift sale, creating a rare opportunity to acquire a respected and profitable business at a considerable discount. This offering is ideal for an operator looking to step into an established brand with strong community recognition and immediate revenue potential.**
Lehman's Supper Club and Lounge sits on 1.80+ acres of land directly across from Cedar
Mall on Main St. The 7000+ square feet is divided up by a lounge area, dining room,
banquet room and an expansive kitchen. The outdoor patio can be tented and seats a
100 easily. Surface parking lot wraps three-quarters of the way around the building.
About the Property
- Type
- Retail
- Building Status
- Established
- Facilities & Assets
- Lehman's Supper Club and Lounge sits on 1.80+ acres of land directly across from Cedar Mall on Main St. The 7000+ square feet is divided up by a lounge area, dining room, banquet room and an expansive kitchen. The outdoor patio can be tented and seats a 100 easily. Surface parking lot wraps three-quarters of the way around the building.
- Location Description
- Lehman’s Supper Club is located on a high-visibility stretch of Highway 48 in Rice Lake, WI, with easy access from U.S. Highway 53. Surrounded by homes, businesses, and hotels, it draws steady traffic from locals and travelers alike. The area is a regional hub with strong year-round activity and tourism.
- Current and Prior Use
- Lehman’s Supper Club has operated for decades as a full-service restaurant, bar, and banquet facility, serving both local residents and regional visitors. Prior to its long-standing use as a supper club, the property has historically functioned as a hospitality venue, maintaining consistent food and beverage operations throughout its existence.
- Year Built
- 1934
About the Sale
- Furniture, Fixings and Equipment
- Included in Asking Price
- Financing
- Seller financing is available for qualified buyers with relevant operating experience
- Current Property Expenses
- $15,725.00 2024 Property Taxes
Listing Info
- ID:
- 2173522
- Listing Views:
- 1119
Attached DocumentsAttachment Disclaimer
Business Location
Listing ID: 2173522 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.
