Located in Ankeny, Iowa, the business occupies a 1,500 sq ft
space with a capacity to accommodate up to 85 guests. This
recently renovated bar and grill boasts modern décor and a
buildout worth $700,000 and has been transformed into a
high-end eatery catering to dinner celebrations and
business/white-collar clientele. The establishment offers
luxury cocktails and a modern twist on fan-favorite menu
items. Despite undergoing renovations in 2022, this business
still generated $540,247. This business is not a franchise.
Corporate will be available for training, consulting, and
marketing post close if buyer would like. The seller is
absentee, he lives out of state and is looking to divest.
Priced at $149,500, a down payment of $55,500 secures
$700,000 in hard assets and equipment at .21 cents on the
dollar. The seller has offered to carry $30,000 of the purchase
price, leaving the remaining balance between buyer and
bank. This business is move-in ready and is equipped with
the necessary assets to begin operations.
- Asking Price:
- $149,500
- Sales Revenue:
- $540,247
- Cash Flow:
- $85,746
Business Operation
- Expansion Potential:
-
Currently the restaurant caters to
the later crowd, serving late lunch and early dinner. By
adding breakfast to the menu, this business can expect to
gain a new client base who regularly favor breakfast.
- Reasons for selling:
-
Multiple business ventures, looking to
divest.
- Years established:
- 2018
