July 20, 2018 – West Bend, WI – The old Perkins Restaurant & Bakery, 2400 W. Washington Street, in West Bend is for sale.
Emmer Real Estate has the listing.
Perkins closed January 8, 2018. According to a story published on WashingtonCountyInsider.com on Jan. 12, 2018 franchise owner Pat Correll of CBT said corporate Perkins posted a remodel mandate that had to be completed by December 2018.
“That means franchisees like myself have to remodel all of our stores to their specifications by 2018 and that probably contributed to our decision at this time that it was not economically feasible at that location to move forward,” Correll said.
CBT leased the location since Rocky Rococo closed in late 1990. “I’ve been in there about 28 years as a Perkins,” Correll said.
CBT has eight other Perkins locations in the Greater Milwaukee area. “Those locations will be in the process of remodeling however the West Bend location did not make the cut,” he said.
Emmer has the property listed at $995,000.
The West Bend City Assessor said the 2017 assessed value is $1,011,000.
The property is described:
For Lease / Sale Superior dine in or fast food restaurant, location on State Hwy 33,just West of US Hwy 45 in city of West Bend. All tables, equipment & fixtures included allowing for a quick start up for your new business. Large parking lot & signage on heavily traveled state highway 33. Easy ingress & egress w/controlled intersection & access boulevard thru Westwood association. Call for private showing & purchasing details.
On a history note: Perkins restaurant was built in 1990 and prior to that, according to the city assessor’s office, the location used to be home to Pizza Slices Inc., which did business as Rocky Rococo in May 1985.
In June 1988 Pizza Slices Inc. sold to RAL West Bend Inc. and it sold again in 1991 to Julia E. Schloemer.
The property on W. Washington Street is currently owned by Mizpah Beach Properties LP out of San Diego, California.
The property was purchased Aug. 1, 2006 for $1,807,024.