Turn-Key Restaurant/Bar

Greene County, IA

Turn-Key Restaurant/Bar
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Asking Price: Get Financing: $200,000

Cash Flow: $150,000

Gross Revenue: $325,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 1982

Turn-Key Restaurant/Bar

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Business Description

Established, Successful, Turn-Key Business

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.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
3,215
Employees:
4
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 (Home Based)
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.
Financing:
Price lowered! The local bank is willing to work with prospective buyers.
Support & Training:
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.
Reason for Selling:
We are selling due to our age
Home-Based:
This business is Home-Based
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Business Listed By:
Mike Ferguson

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