Iowa City bar & event venue - Great location & opportunity
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Vibrant bar and event space in downtown Iowa City. This is an exciting opportunity for an entrepreneur looking to step into a business with multiple revenue stream opportunities. Located in a prime area, this versatile venue caters to a wide range of experiences. This is an asset only sale, which includes all assets listed in the description, the business dba name and current customers / goodwill.
About the Business
- Years in Operation
- 2
- Employees
- 4 (1 Full-time, 3 Part-time)
- Facilities & Assets
- This is an asset sale of an existing business: Assets included in sale: tables, booths, chairs, couches, VIP booth, DJ lighting, ambient lighting, custom built bar, outdoor sign, large walk in cooler (working), smaller walk in cooler (not working), frozen drink machine, glass front beer cooler, DJ sound system, TVs, wide screen short throw projector, glycol system (not active, can be reactivated or sold), outdoor patio fencing, furniture, washer & dryer, updated HVAC, etc. Items NOT included: Alcohol inventory (not allowed by law), POS terminal (leased), Ice Machine (leased). Both POS & Ice Machine can be transferred to the new owner. CO2 tanks are rented as well but full tanks will be left for new owners.
- Market Outlook / Competition
- Iowa City is Iowa's #1 nightlife market with over 3000 students living within a few blocks of the venue. Due to local restrictions on new liquor licenses, purchasing an existing 2 am license is the only way to get a new liquor license in downtown Iowa City, making this a rare opportunity.
- Opportunities for Growth
- Growth opportunities are plentiful with increased wedding receptions, private events, promoted events and more. Those have been the key to the business so far and offer nearly unlimited potential.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 2,000
- Rent
- $5,030 per month
- Lease Expiration
- 3/1/2030
About the Sale
- Seller Motivation
- Life changes
- Transition Support
- Up to 30 days of training and support plus possible rent deposit and first month's rent included ($10,000+ value) based upon final sale price.
- Financing Options
- 50% down, 50% over up to 60 months.
Listing Info
- ID
- 2548601
- Listing Views
- 4
Listing ID: 2548601 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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