Lehman’s Supper Club Voted in the Top 3 Supper Clubs in Wisconsin
$695,000
Asking Price: Includes real estate
Furniture, Fixtures, and Equipment: $75,000, included in asking price
Gross Revenue: $1,592,736 in 2023
2024 Estimated Fair Market Value: $946,500
Inventory: $20,000, not included in asking price
Lehman’s Supper Club, established in 1934, is a fourth generation, family run, full-service restaurant and catering company
This turnkey, iconic dining destination is located in the heart of Rice Lake, and considered one of Northwest Wisconsin’s finest restaurants and voted in the top three supper clubs in Wisconsin
Known for its classic supper club ambiance, loyal customer base, and decades of successful operation
Business includes a full-service restaurant, bar, banquet facilities, an outdoor patio with a bar, and off-site catering
Sellers have priced the property significantly below market value to encourage a swift sale, creating a rare opportunity to acquire a respected and profitable business at a considerable discount
Ideal for an operator looking to step into an established brand with strong community recognition and immediate revenue potential
Real Estate: 1.80 acres, included in asking price
Parking: 60 spaces
Spacious and well-maintained facility that includes a full-service dining room, classic bar and lounge area, and a large banquet room ideal for events, weddings, and private parties. The kitchen is fully equipped for high-volume service.
Excellent visibility from a main thoroughfare, making it a turnkey opportunity for new ownership.