20100 County Hwy M, Cable WI 54821 $729,000

20100 County Hwy M, Cable 0 Acres $729,000 Active

  • Commercial/Industrial
  • Status: Active
  • Est. Year Built: 1978
  • Estimated Age: 21+ Years
  • Est. Acreage: 21
  • Est. Acreage: < 1/2
  • County: Bayfield
  • Property Taxes: $3,131
  • Property Tax Year: 2017
  • MLS#: 6073638
  • Listing Company: Lakeplace.com/Birchwood

20100 County Hwy M, Cable, WI 54821 - Two Successful Businesses In One! Exquisite 7 Room Guest Lodge & Award-Winning Casual Fine Dining Restaurant In The Heart Of Nw Wisconsin'S Chequamegon-Nicolet National Forest. A Cutting Edge Hospitality Business Catering To The Desires Of Today'S Discriminating Leisure Traveler. Tripadvisor 4.5, Aaa 3 Diamond Rating. Includes Land & Buildings + All Furniture/Fixtures/Equip (excl F&b Inventory & Wildlife Photography Gallery). Priced To Sell At 15% Under Fmv. This Is An Excellent Opportunity For An Ambitious Couple To Operate Their Own Well-Established And Profitable Business In The Beautiful Forest And Lake Country Of Northwest Wisconsin. The 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 A Spouse/Partner With An Aptitude For Overseeing The Front Of House, Guest Rooms, Marketing, Finances, And All Related Management Functions. This Combined Business Has A Demonstrated 10+ Year Track Record Of Financial Success Being Operated By A Single Proprietor With No Culinary Experience, Made Possible By Hiring A Full-Time Salaried Head Chef, Plus Servers And Housekeeping Staff. Despite That Staff Dependent Model, The Business Has Shown A 3 Year Average Ebitda Of $65,562. Yet Its True Value And Profitability Has Yet To Be Fully Realized, As This Could Easily Translate To $130,000+ If Owned And Operated By A Chef And Manager Couple/Partnership.

Additional Features
  • Block
  • Heating/Cooling: Forced Air, Hot Water, Radiant Lp Gas
  • Water Waste: Well
  • Roof: Shingle
  • Construction Type: E
  • Waterfront/Access: N
Property History
MLS Number New Status Previous Status Activity Date New List Price Previous List Price Sold Price DOM
6073638 Aug 14 2018 9:39PM $729,000 $799,000 243
6073638 Active Apr 5 2018 7:50AM $799,000 243

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