231 E Menasha Ave
Retail | 4,513 SqFt
Marketing description
A service robot is included, along with all necessary equipment and furniture. This distinguished, long-established restaurant and banquet hall presents a rare acquisition opportunity in Manitowoc County. Renowned for its elevated cuisine and expertly crafted cocktails, it has earned a strong following among discerning local patrons and destination guests alike.
In operation since the 1900's, multiple owners have contributed to its legacy, creating lasting memories within the community. The current owner is now seeking a qualified buyer to build upon a proven operation with consistent, positive cash flow. The business benefits from an excellent reputation, a loyal customer base, and a solid foundation for continued growth.
The property also offers additional value, including space for a potential 30–40 unit apartment development at the rear of the site.
Beyond its current operations, there is a compelling opportunity to further increase revenue through the addition of a drive-thru concept, allowing a new owner to capitalize on evolving consumer demand and convenience-driven dining trends.
Ownership is committed to a smooth transition.
This is a rare opportunity to acquire a historic, high-performing property poised for its next chapter under inspired ownership.
Investment highlights
Strategic Multifamily Investment Opportunity in Manitowoc, Wisconsin
Restaurant area Ready to Operate with Added Value
Includes a service robot, along with all equipment and furniture—minimizing startup costs and enabling immediate operation.
Proven, Consistent Cash Flow
Long-standing business with a demonstrated history of stable and positive financial performance.
Established Since 1906
Over a century of operating history with strong brand recognition and deep community roots.
Loyal, Built-In Customer Base
Well-known destination for both local patrons and visiting guests, reducing marketing ramp-up risk.
Diverse Revenue Streams
Restaurant and banquet operations provide multiple income channels and event-driven revenue.
Significant Value-Add Opportunity
Rear land offers potential for a 30–40 unit apartment development, creating additional long-term income and asset appreciation.
Expansion Potential
Opportunity to introduce a drive-thru concept to capture convenience-driven demand and increase top-line revenue.
Strong Reputation & Market Position
Known for elevated cuisine and craft cocktails, supporting premium pricing and repeat business.
Scalable Growth Opportunity
Solid operational foundation with multiple avenues to expand revenue and increase overall valuation.
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