| PROFILE: Upper Scale Casual Restaurant With Real Estate |
| Status: |
Available |
|
| State: |
Iowa |
|
| Location: |
Midwest |
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| County: |
Scott |
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| City: |
None Given |
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| Primary Category: |
Restaurant Related |
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| Alternate Category: |
None Given |
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|
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| USABizMart Ad #: |
121771 |
|
| Seller Or Contact: |
Milton Anderson |
|
| Primary Phone: |
309-764-1955 |
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| Alternate Phone: |
None Given |
|
| Email Address: |
See Form Below |
|
| Date Ad Started: |
7/29/08 |
|
| Date Ad Last Revised: |
7/29/08 |
|
|
| Asking Price: |
$995,000 |
|
| Down Payment: |
Call/Email |
|
| Annual Revenue: |
$1,027,827 |
|
| Annual Adjusted Net: |
$254,476 |
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|
|
| Price Range: |
$500,001-$1 Million |
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| Franchise: |
No |
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| Relocatable: |
No |
|
| Home Based: |
No |
|
| Lifestyle: |
No |
|
| Real Estate Included: |
Yes |
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| Bkr To Bkr Cooperation: |
No |
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|
DESCRIPTION: This Prestigious Restaurant And Bar Is Located In A Prime Metropolitan Location. A Steady Flow Of Business Is Generated By Year Around Activities In The Area.
This Is A Well Established And Very Successful Business. The Owner Is Ready To Initiate His Retirement Plans. This Is A Great Opportunity To Buy And Carry On The Tradition As The Seller Trains And Shares His Experience And Expertise To Facilitate A Smooth Transition.
The Business Income Along With The Appreciation Potential Of The Prime Real Estate
Property Provides A Good Opportunity For A Combination Of Security And Income.
The Business And Real Estate Is Located In A Prime Midwestern City Metro Area. The Location Is In A Popular Year Around Event And Tourist Area Which Has Provided A Good Flow Of Traffic In The Area. The 9,900 Square Foot 3 Floor Facility Was Constructed In 1896 And Includes A Modernized 3,300 Square Foot Main Floor Restaurant And Bar Started In 1987, Lounge Area On The Second Floor And The Newly Added 975 Square Foot Addition Completed In 2007. The Facility And Equipment Are Maintained And In Good Condition.
Capacity For Increased Sales And Business Growth Is Available In The Present Facility. There Is A Positive Outlook For This Ideally Located Restaurant And Lounge Due To Civic And Business Expansion And Promotion And The High Number Of Year Round Entertainment And Tourist Activities. A New Owner Could Elect To Be Open On Sundays And Take Advantage Of Mother’s Day, Easter, And Other Holidays. This Would Minimally Affect Expenses And Offer Increased Profits. Opening For Lunch Could Also Offer Additional Revenue Potential.
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