Established Upscale Fine Dining N1058
Premium independent steakhouse in greater Milwaukee, Wisconsin
On NextCompany since September 1, 2026 (43 days)
WI area
Business overview
This premium steakhouse operates independently in the greater Milwaukee metropolitan area. It sits in Milwaukee's affluent western suburban corridor. Medical professionals, corporate executives, and occasion-driven diners form the guest base. The restaurant has operated for over 30 years with no franchise royalties.
An award-winning wine list carries 200+ labels. Two semi-private dining spaces hold a 20+ year event history. Multiple team members have 20+ consecutive years of service. The asking price is $2,745,000, with $3,833,421 in revenue and $755,547 in cash flow.
Who is a good fit for this business
- Experienced restaurateurs seeking an established Milwaukee steakhouse with long-tenured staff already in place.
- Regional hospitality groups that want an independent upscale dining concept without franchise fees.
- Strategic operators targeting Milwaukee's western suburban corridor and its high-income guest base.
- Private investors seeking a cash-flowing hospitality restaurant with dining, wine, and event revenue.
Details
- Reason for selling
- Retirement
- Real estate
- Owned, available separately
Frequently Asked Questions
This listing is an independently owned premium steakhouse in Wisconsin. The restaurant serves the greater Milwaukee metropolitan area from an affluent western suburban corridor. Guests include medical professionals, coporate executives, and people dining for occasions. The brand carries no franchise fees, royalties, or operational restrictions.
The asking price is $2,745,000. Gross revenue is $3,833,421. Cash flow is $755,547. Wine sales and private events sit alongside regular dining as revenue channels.
The sale includes inventory plus furniture, fixtures, and equipment. The seller owns the real estate separately. That property is valued at $1,600,000. The restaurant is not relocatable.
The seller does not offer financing on this steakhouse. The listing is not SBA prequalified. It is not lender prequalified. Buyers fund the purchase through their own sources.
The owner is selling because of retirement. A professional staff stays in place across multiple departments. Multiple team members have 20+ consecutive years of service.