Downtown Davenport Bar & Restaurant 4500sf

Davenport, IA (Scott County)

Seller Financing Available
Currently doing $2K/day in sales w absentee owners.
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Asking Price: $175,000

Cash Flow: N/A

Gross Revenue: $710,000

EBITDA: N/A

FF&E: $175,000

Inventory: $4,500

Rent: $10.75 /Month

Established: 2017

Downtown Davenport Bar & Restaurant 4500sf

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Business Description

This establishment has had legendary and very profitable brands own and operate it over the decades. In the heart of a bustling and growing downtown Davenport, the sellers are relocating and are open to a new owner who has their own brand and recipes. With the exception of a stand up freezer and pizza oven, the sale of this business' assets includes all one needs to be up and running with a full service bar & restaurant. These include a 20 tap draft system, bar coolers, 2 walk-in coolers, 1 six burner 2' flat- top-oven, 2 forty lb fryers, 1 5' flat-top grill, 2 hood systems, ice machine, salamander, all chairs and tables, 15 flat screens and POS. Please sign the NDA at the link below to be provided full equipment list and location.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
4,500
Lease Expiration:
5/31/2020
Employees:
4FTE,3PTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Large storefront, high visibility on major artery, near 3 hotels, middle of downtown living and new college campus block. Full bar setup, high production kitchen, main dining room, plus separate party/meeting room or overflow. Ample room in basement space for speak easy or dance club.
Competition:
Right where you want to be in downtown Davenport.
Growth & Expansion:
Currently doing $2K per day in sales, with absentee owners.
Financing:
TBD
Support & Training:
Will require your own new staff.
Reason for Selling:
Relocating
Business Website:
http://www.marigoldresources.com/nda
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Contact the Seller

(from currently available funds)
 
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Chris Barnard

Business Listed By:
Chris Barnard

Marigold Resources

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Sponsoring Broker:
Todd McGreevy

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