This is a commercial condo, #10, in Tiki Beach Resort, and the condo includes the business and all assets. You are purchasing the restaurant, banquet hall, commercial kitchen, seating areas and outdoor beach level seating, tiki bar and all equipment, assets and business licenses...thus, turn key operation. The business is extremely profitable, and we will be completing our first year of operation in the coming months. The goal was to develop a Key West - Island style resort here in WI...goal accomplished. Owner has a condo that he will keep onsite. There is professional management in place and willing to stay for the new owner. The property itself has been appraised at approximately $700k and with the assets included and the profitability, the 1.2M is undervalued by approximately $250k This is a must sell type property and is an ideal hands off or hands on investment. Everything is new, updated and replaced as of 2017. If interested, a bank letter of qualification or proof of funds is required prior to financial disclosures. Owner is happy to hold up to 20% of purchase price to assist.
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