Premier Restaurant Management Inc. received two loans backed by the SBA for the upscale sports bar it will open in June in downtown Milwaukee.
Minneapolis-based Premier Restaurant Management Inc. has received two loans backed by the U.S. Small Business Administration for the Bootleggers upscale sports bar that the company will open in June at 1023-27 N. Old World Third St., in downtown Milwaukee. The company received a $1.014 million SBA-backed loan from the Wisconsin Business Development Finance Corp. and a $392,000 SBA-backed loan from Wells Fargo Bank.
Bootleggers will be located in the two-story, 9,360-square-foot building at 1023-27 N. Old World Third St. that Premier Restaurant Management purchased from Daniel Druml, who is the Milwaukee franchisee of Paul Davis Restoration and bought the building last year. The building had been occupied for years by Mader’s Old World Third Street Gallery. The store closed when Druml bought the building.
Premier Restaurant Management owns 15 restaurants, most in the Twin Cities area. Old World Third Street is becoming revitalized with several new bars and restaurants. In addition to Bootleggers, bars and restaurants that have opened recently on the street, or will open soon, include Tutto, Milwaukee Brat House and Kincaid’s.
