for Sale in Racine Only $725 000 Restaurant Real Est, Racine, WI 53402

Property Details for for Sale in Racine Only $725 000 Restaurant Real Est

Year built

1977

Property type

Retail properties & Spaces

Property subtype

Restaurants

Description

This exceptional turnkey restaurant opportunity in Racine, Wisconsin, presents a unique chance to acquire a well-established business with significant growth potential. Located on 1.6 acres in a high-traffic commercial area between Milwaukee and Chicago, this property boasts 5,880 square feet of space, ideal for a variety of restaurant concepts. The existing building, constructed in 1977, includes a fully equipped kitchen featuring top-of-the-line equipment, including multiple pizza ovens, a walk-in cooler and freezer, and extensive stainless steel prep areas. The dining area comfortably seats over 100 patrons, with booths, tables, and a bar area. The property also benefits from a long-term lease extending to March 2055, offering stability and security for the new owner. The current business, operating since 1977, has historically generated significant revenue, reaching nearly $2 million annually in its peak years and approximately $700,000 in the most recent year. While the current owner is retiring, the potential for increased revenue and expansion is substantial, given the prime location and high daily traffic count of nearly 16,000 cars. The sale includes extensive existing equipment, minimizing start-up costs and allowing for a rapid transition to new ownership. The seller will provide up to 30 hours of training to ensure a smooth handover. This is a rare opportunity to acquire a profitable, established restaurant with significant upside in a desirable location. The asking price is $725,000.

Location Insight

City

Racine

County

Racine

State

Wisconsin

Longitude

-87.8255

Latitude

42.814