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Bar & Concert Venue
| Asking Price: | $250,000 | Inventory: | $4,000 ++ |
| Gross Revenue: | $455,000 | Real Estate: | n/a |
| Cash Flow: | $90,000 | FF&E: | $65,000 ++ |
| ++ included in the asking price ** not included in the asking price | |||
THIS BAR HAS BEEN A HISTORICAL DESTINATION FOR LIVE MUSIC IN EASTERN IOWA FOR OVER 20 YEARS. NAME A BAND AND THEY HAVE GRACED THE STAGE OF THIS PROPERTY. THE BEER GARDEN/CONCERT VENUE IS ONE OUT OF A HANDFUL OF DRINKING ESTABLISHMENTS WITH AN OUTDOOR SEATING AREA THAT CAN HOLD UP TO UP TO 100 PEOPLE. THIS VENUE IS LIKE NEW WITH RECENT UPGRADES SUCH AS A NEW FIREWALL AND EMERGENCY EXITING FROM THE 2ND FLOOR ON THE REAR OF THE BUILDING. PLUMBING UPGRADES, BEER GARDEN WAS ADDED, NEW FURNITURE, FIXTURES & CONCERT SOUND SYSTEM.
THIS PROPERTY HAS AN ATTRACTIVE LEASE!! THERE ARE 2 YEARS REMAINING ON THE CURRENT LEASE FOR $5K A MONTH. THERE ARE TWO 5 YEAR OPTIONS THAT HAVE ALREADY BEEN NEGOTIATED, THE FIRST UP'S THE RENT TO $5,500 AND THE SECOND TO $6,000. THESE RENTS ARE WELL UNDER FAIR MARKET. PROPERTY OWNER MENTIONED SELLING THE BUILDING IN THE NEXT COUPLE OF YEARS.
THIS PROPERTY HAS AN ATTRACTIVE LEASE!! THERE ARE 2 YEARS REMAINING ON THE CURRENT LEASE FOR $5K A MONTH. THERE ARE TWO 5 YEAR OPTIONS THAT HAVE ALREADY BEEN NEGOTIATED, THE FIRST UP'S THE RENT TO $5,500 AND THE SECOND TO $6,000. THESE RENTS ARE WELL UNDER FAIR MARKET. PROPERTY OWNER MENTIONED SELLING THE BUILDING IN THE NEXT COUPLE OF YEARS.
About the Business
Year Established:1987
Employees:1 full time - 13 part time
Facilities:THIS IS AN ASTONISHING BAR WITH A BEER GARDEN DOWN STAIRS AND A CONCERT VENUE UPSTAIRS.
Market Outlook and Competition:THIS BAR IS NEAR THE CAMPUS OF A BIG TEN CONFERENCE COLLEGE AND THE DOWNSTAIRS BAR COULD BENEFIT FROM THIS IF TURNED INTO MORE OF A SPORTS BAR.
About the Sale
Management Training and Support:90,000
Reason For Selling:OWNER WANTS TO FOCUS ON HIS OTHER BUSINESS
KEYWORDS: Bar, Beer Garden, Tavern, Concert Venue, Shows, Music, Food, Beer, Liquor, Restaurant, Band, Sports Bar, Patio, Iowa
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