Classy Upscale Restaurant with $700,000 in Buildout and Equipment
Ankeny, Iowa
| Asking Price: |
Gross: |
Cash Flow: |
| $149,500 |
$540,247 |
$85,746 |
Furniture and Fixtures Value:
$700,000 (included in the asking price)
Inventory Value:
$0 ( not included in the asking price)
Real Estate:
$0 ( not included in the asking price)
Business Summary:
Located in Ankeny, Iowa, the business occupies a 1,500 sq ftspace with a capacity to accommodate up to 85 guests. Thisrecently renovated bar and grill boasts modern décor and abuildout worth $700,000 and has been transformed into ahigh-end eatery catering to dinner celebrations andbusiness/white-collar clientele. The establishment offersluxury cocktails and a modern twist on fan-favorite menuitems. Despite undergoing renovations in 2022, this businessstill generated $540,247. This business is not a franchise.Corporate will be available for training, consulting, andmarketing post close if buyer would like. The seller isabsentee, 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 thedollar. The seller has offered to carry $30,000 of the purchaseprice, leaving the remaining balance between buyer andbank. This business is move-in ready and is equipped withthe necessary assets to begin operations.
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| Year
Business was Established: 2018 |
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| Potential
Growth/Expansion:
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. |
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| Owner
willing to finance:
Seller Financing $30,000 |
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| Owner
willing to train:
6 months |
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| Reason for selling:
Multiple business ventures, looking to divest. |
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| REQUEST MORE INFO |
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