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Asking Price$165,000
Revenue$115,297 Established1950
Cash Flow$45,098 EmployeesUndisclosed
FF&E$60,000* FranchiseNo
Inventory$20,000 RelocatableNo
Real Estate$187,900* Home-basedNo
* Included in Asking Price
The Last Lap is a unique bar and grill nestled in one of Wisconsin’s central communities just outside of Stevens Point. The restaurant serves typical grilled fare and is renowned for their broasted chicken, and Friday Fish Fry. It enjoys great local traffic and is situated on the city's main thoroughfare, with a large traffic count. This establishment has a rich and strong history in the community and is a central gathering spot for summer outdoor league activities.
Facilities:Building Size: Approximately 3700 sf Additional Bldgs: 21 ft x 21 ft Garage
Competition:There is room for expansion with this property and business. The building could be expanded to increase the square footage if an owner wanted to by building out to either side or the back. While there is some competition from other bars and grills, under the guidance of the current owner this business has established itself as a forerunner in the dinner market with their outstanding broasted chicken, and large fish fries, and they have seized a large section of the organized activities market segments. There is not significant saturation in many of the restaurant market segments and opportunity abounds for another talented, smart operator. An operator coming in with the resources to do more advertising could pull in more business from the surrounding area especially for special events, and live entertainment. Revenues have the potential to see rapid and significant increases through expanded hours of operation, as well as increasing the already successful winter league days for darts, pool, and of course summer volleyball and horseshoes. Additional potential exists through the addition of outdoor winter leagues such as snow football and flooding the volleyball court to create ice rink related winter leagues.
Growth Potential:There is room for expansion with this property and business. The building could be expanded to increase the square footage if an owner wanted to by building out to either side or the back. The property behind the business may also be available for future expansion. There is room to add additional volleyball courts and to even enclose them for year round play.
Training/Support:Yes, Open to Support and Training.
Sale Reason:Retirement from industry.
Ad #69490
Seller Reference #1105305
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Contact This Seller
Jerry Vlaminck
Hospitality Services Corp.
763-972-9077
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