Asking Price: $200,000 Gross Revenue: $325,000Cash Flow: $150,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: Not Disclosed included in asking priceFF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
This turn-key successful business is well-known in Central Iowa. Located on Hwy 30 in Iowa, it is a popular stop for Iowa State University fans before and after sports events. It is also just 8 miles from Wild Rose Casino, having many great concerts during the year, we get many stopping to eat/drink before and after their visit to the casino.
We were voted in top 10 Best Burger in Iowa Contest by the Iowa Beef Council 2 out of 3 years we entered. We were also featured in the Iowa Foodie Magazine, and Ma and Pa's Restaurant Magazine.
We are a popular spot for motorcyclists during the summer months; often a stop for large groups of memorial or poker runs.
About the Business
Number of Employees:
Building Sq. Ft.:
Includes the building, 2 city lots (white rocked and hard surface parking area).The bar/restaurant is a 36'X72'. The tables,chairs,and booths are included in the sale.The bar contains an 8'X10' walk-in cooler,2 beer coolers,a storage room, restrooms, as well as a 14' bar with a new (2 years old) counter top and diamond plated side. The kitchen is 25'X25' added on in 2007.The sale would include the kitchen walk-in cooler, a prep table,steam table,3 gas fryers, a 36' flat grill, 36' char broiler, 3 upright freezers, 2 refrigerators 1 deep freeze, and more
This is the only restaurant in our town. We are located on a major highway, with a direct route to Iowa State University. For this reason, we get lots of traffic travelling to and from the sports activities at Iowa State. We are also located just 8 miles from a casino. We often get people travelling to and from the casino for a fun evening of gambling or concerts.
Growth & Expansion:
Because of our age, we are not open all of the business hours we could be open. A young, motivated owner could make use of all hours possible for the bar/restaurant.
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 & Conditions.