WEST BEND - The two Dairy
Queens in West Bend were sold at a sheriff’s auction this week.
Both restaurants, 501 Wildwood Road and 1200 S. Main St., owned
by Dan and Ashley Schuster, closed earlier this year.
During bidding at the auction the opening bid for the store on
South Main started at $550,000 and sold for $550,001 to a pair
of investors from out of town.
The pair were represented by J.C. Goldberg with CRBE Brokers and
attorney Ken Randel.
There’s no word on plans for the property.
According to reports, the sale price only included the real
estate; none of the equipment inside the building was included.
The store on the west side of town had an opening bid of
$220,000. There were no other offers. Early indications are that
the property goes back to the bank.
Calls to attorneys regarding comments about bankruptcy and
foreclosure related to the DQ and its former owners were not
More details will be posted next week.