W921 Kettle Moraine Ln
Campbellsport, WI 53010
Tiki Beach Resort · Retail Property For Sale

Tiki Beach Resort is a lakeside-beachside restaurant, banquet hall and tiki bar that is part of a condominium development that features 9 residential luxury condominiums, an adjacent campground with cabins, and a onsite water sports rental company (i.e. jet skis, pontoon boats, inflatable water park, kayaks). The resort has about 500' of a white soft sand beach, full size faux palms, coral like rocks and a realistic Key West or Island style). The 9 condominiums are not included in the sale, nor the campground. What is for sale is commercial condos 10 and 11, which are the banquet hall, restaurant, dining areas, and beach side tiki bar, and the business that operates in that location (real estate property is valued at $800k and net operating income after all expenses, including professional management and all expenses...is approximately $200k per year). Everything is 99% new (equipment, drywall, electrical, plumbing, lighting, sound, landscaping, exterior and interior). Over 3.4 million dollars were spent on the development. Tiki Beach Resort has been operating for 2 seasons now, with incredible success. On any given Saturday or Sunday, you will see 300-500 customers, those who support over 19,000 Facebook followers, and the nearly $700k in sales over the season. The developer has proven the profitability of this prior existing restaurant/bar/waterfront mixed residential-commercial facility. It has operated as such for over 60 years with proven success. The complete remodel/development has now established itself for another 60 years. There is an approximate $200k of actual profit, and the new season starts first weekend in May-19'. Building (condo 10-11) appraised at approximately $800k, and there is over $100k in new equipment. This is a turn key operation, as professional management has been operating the business for the past two years of initial operation are happy to stay on board. No information will be given out until perspective buyer calls owner. There is also two additional lots that will be sold with the sale, across the street, for additional parking (totaling over 200 parking stalls). There is also a 3BR luxury condo appraised at over $300k that can be sold with the business/property.