Turn-Key Restaurant/Bar

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Established, Successful, Turn-Key Business
Asking Price:
$250,000

Gross Revenue:
$325,000
Cash Flow:
$150,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

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

Year Established:
1982
Number of Employees:
4
Home Based:
Yes
Real Estate:
Owned
Building Sq. Ft.:
3,215
Facilities:
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
Market Outlook/
Competition:
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.
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About the Sale

Reason For Selling:
We are selling due to our age
Training/Support:
We are more than willing to introduce you to our staff, regular customers, as well as our beer and food distributors. We would also give and help with recipes of our signature dishes.
Seller Financing:
The local bank is willing to work with prospective buyers.

Listing Info

ID:
1371691
Ad Detail Views:
82

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Business Listed by
Mike Ferguson

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U.S. Census Data for Greene County, IA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Greene County, IA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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