Cable Nature Lodge & Rookery Pub
Cable, WI
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Why Choose Between a Northwoods Lifestyle or a Livelihood? Have Both! Here's Your Opportunity to Escape the City and Still Earn $100k+.
2 businesses in 1, this exquisite 7 room guest lodge and award-winning restaurant offers the resiliency needed during challenging times. Even with the restaurant scaled back during Covid, net operating income (NOI) for 2020 was on par with the most recent 5 year average. And despite the pandemic, lodging revenue hit a 15 year record high. Now 2021 is shaping up to be even better, with room revenue thru June up 49.6% over last year.
Translation? Lodging income alone more than covers all fixed costs, with boundless possibilities for further developing the restaurant and other revenue streams. Plus what traditional job enables you to take a month-long vacation twice a year?
Ideally situated on 22 private acres with mowed walking trails in the heart of the Chequamegon-Nicolet National Forest, the guest lodge and restaurant are located on separate floors of a 6,400 square foot building originally constructed in 1978 and completely remodeled from 2005-2008 (including full ADA compliance). The 7 lodge rooms on the upper level feature an elegant rustic design, with plush king or queen bed, private bath, mini-fridge, microwave, and Keurig coffeemaker. High speed fiber-optic powers the in-room TVs, plus Wi-Fi throughout the building.
The lower level restaurant has a separate public entrance and seats 52 in the main dining room plus 20 in the bar. The entire space is distinctive in its use of reclaimed Douglas Fir for the bar, timber frame booths, and wainscoting, with floors of bamboo and textured concrete. An outdoor patio with native plant landscaping, covered pavilion, and music stage accommodates 100+ people for concerts and al fresco dining during summer and early autumn months.
The guest lodge has been in operation since 2005, with a growing base of repeat customers. The restaurant opened in 2008 and has become widely known as one of the finest in the area, earning outstanding reviews on TripAdvisor and other social media.
This combined lodge and restaurant business has a demonstrated 13+ year track record of financial success operated by a single proprietor with no culinary background, made possible by hiring a full-time salaried chef. Keep that money for yourself! The ultimate value and profitability of this business will be more fully realized when owned and operated by a chef/manager team.
Priced to sell at $695k including land; buildings; 50 kW backup generator; all furniture, fixtures, and equipment (excluding F&B inventory, wildlife photography gallery). Plus many intangible business assets including 2,000+ guest email database & other extensive marketing materials.
* 2016-2020 Avg Annual Net Operating Income = $51.2k
* Cap Rate = 7.4%
* Prospective Cash Flow for Working Owner Couple = $124k
* Owner’s Total Capital Investment = $950k+
There's no other business like this currently available in northern Wisconsin. And it couldn't be replicated for anything close to the price you can purchase for today.
FOR MORE INFORMATION
See CableNatureLodge.com and RookeryPub.com. Please call or email Bill for further details or to arrange a showing: 715-580-0850, bill@cablenaturelodge.com. Owner/Seller is a licensed Wisconsin real estate agent. Buyer agent inquiries welcome.
Property Details- 7 Guest Rooms
- 7 Guest Room Baths
- Has Owner's Quarters
- Built in 1978
- Last Renovated in 2008
- Opened in 2005
- Building is 6,400 SQFT
- Lot is 22 Acres
- Photo Gallery
- Property Website
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