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entertainment and recreation business for Sale in Wisconsin

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Brewery, Restaurant & Entertainment Venue-Historic Downtown Kenosha,WI photo
Banquet Halls
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Brewery, Restaurant & Entertainment Venue-Historic Downtown Kenosha,WI

Kenosha, Kenosha County, WI 53140-4117, US

Turnkey Production Brewery, Restaurant & Entertainment Venue - Historic Downtown Kenosha, WI! "In The Beautifully Restored Iconic Barden Building On 58th St & 7th Ave" Your chance to acquire one of Southeastern Wisconsin's most impressive hospitality properties at a fraction of its replacement cost. This extraordinary turnkey brewery, restaurant & entertainment venue inside one of downtown Kenosha's most iconic historic buildings and includes virtually all furniture, fixtures, equipment & brewing assets needed to launch your own concept immediately. The business is currently closed, allowing a new owner the rare opportunity to step into a fully built-out hospitality venue without assuming an existing concept. The amazing property was thoughtfully designed as far more than a traditional brewery. It was built to function as a community gathering place featuring a spacious taproom, full-service restaurant, private event space, music venue, commercial kitchen, production brewery, offices, storage areas & loading dock, creating multiple potential revenue streams under one roof. Whether your vision is a brewery, gastropub, tavern, distillery, sports bar, entertainment venue, event center or an entirely new concept, the infrastructure is already in place to dramatically reduce startup costs & shorten your timeline to opening. Guests are welcomed into an impressive space highlighted by soaring ceilings, exposed historic architecture, generous seating, a large full-service bar, flexible dining areas & an inviting atmosphere designed for everything from casual dining to private events, live entertainment & community gatherings. The building's historic character blends beautifully with modern hospitality improvements, creating an experience that simply cannot be replicated. One of this offering's greatest values is the extensive equipment package included in the sale. The price includes an impressive collection of brewery production equipment, commercial kitchen equipment, bar equipment, furniture, fixtures & other operating assets with an estimated replacement value well in excess of the asking price. For an entrepreneur considering building a brewery or restaurant from scratch, the savings can easily reach hundreds of thousands of dollars while eliminating months of permitting/construction. The premises were specifically set up for operation as a bar, restaurant, music venue & brewery production facility complete with offices, loading dock & storage spaces. This multi-purpose-built configuration provides tremendous flexibility for a wide variety of concepts while offering functionality rarely found in existing hospitality spaces. Prime corner retail space in the beautifully restored historic Barden Building, one of Downtown Kenosha's landmark commercial buildings at the corner of 58th St & 7th Ave. Perfectly situated in the heart of Downtown Kenosha, this highly visible location enjoys outstanding exposure within one of Wisconsin's fastest-growing lakefront downtown districts. The property sits just blocks from Lake Michigan, Kenosha Harbor, the marina, museums, streetcar line, HarborPark, HarborMarket & Simmons Island Beach as well as dozens of locally owned restaurants, entertainment venues & shops. Downtown Kenosha continues to attract both year-round residents & significant seasonal tourism, with numerous festivals, events, concerts & community celebrations bringing thousands of visitors into the district throughout the year. This vibrant setting creates exceptional opportunities for lunch, dinner, nightlife, special events & catering. The surrounding area also benefits from continued downtown redevelopment, Carthage College, University of Wisconsin-Parkside, nearby corp employers & a strong residential population, in addition to Metra service providing convenient access from Milwaukee, Chicago & northern IL, making the location attractive to both locals & visitors alike. Listed By Tim Ryan at EatZ & Associates

$150,000Asking Price
-Revenue
-Cash Flow

Market Snapshot

National transaction benchmarks for entertainment and recreation business businesses.

Under $500K

Median revenue$334k
Median cash flow$78k
Median sale price$150k
Multiple range1.3x - 2.8x

$500K to $2M

Median revenue$1.13m
Median cash flow$266k
Median sale price$783k
Multiple range2.6x - 4.1x

Over $2M

Median revenue$3.19m
Median cash flow$978k
Median sale price$2.81m
Multiple range2.8x - 3.7x

A variety of factors can cause businesses to trade outside this range, including earnings quality, operational transferability, key-person risk, growth trajectory, and geography, so a listing priced above or below the typical multiple usually reflects real differences in the underlying business.

What to know about entertainment and recreation business acquisitions

GW

By George Wellmer

Cofounder & CEO

Key diligence, valuation, financing, and transition considerations for buyers evaluating entertainment and recreation business acquisitions.

Appraise the real estate and capital condition separately from the operation

Courses, lanes, docks, and venues carry expensive, deferrable maintenance — a typical 18-hole course alone runs $400K–$900K a year in upkeep. Get the land and equipment assessed on their own.

Confirm the licenses and permits transfer

Liquor, gaming, and entertainment licenses are often the most valuable and most fragile part of the deal and may not pass automatically.

Review several seasons, not one

Weather, tourism, and the economy swing this revenue hard; look at multiple years and the off-season carrying cost.

Separate recurring revenue from event revenue

Memberships, slip rentals, and league play are durable; one-off events and bar nights are volatile. Price the recurring base differently.

Quantify the capital you'll need after close

Deferred course work, lane refurbishments, and dock repairs add up fast; budget the real plan, not the seller's.

Understand booking, membership, and reputation dependence

Event pipelines, member rolls, and online reputation drive the calendar — know whether they survive a change of owner.

Frequently Asked Questions

Answers to common buyer questions for this market.

Yes, but they're scrutinized for seasonality, real-estate value, and capital needs. Recurring memberships and well-kept facilities fund more easily than discretionary event nights.