Central Iowa Restaurant & Event Venue
Not Disclosed, IA Marion County
Central Iowa
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- RE: Central Iowa Restaurant & Event Venue
- Contact: Kevin Lease
Quick Facts
| Asking Price: | $3,950,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $900,000 | |
| Real Estate: | $3,050,000 | |
| Year Established: | 2021 | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 938486 | |
| Broker Reference #: | 5004-18209 |
Business Overview:
This property is located in Marion County, Iowa. Positioned just a quick 50-minute drive from Des Moines, the capital of Iowa, and a city with an approximate population of one million, the location offers convenient access to urban amenities.
The city itself boasts a population of nearly 11,000 residents and is home to notable institutions such as Central College, Pella Corporation, and Vermeer. The property, formerly a value entertainment venue, is situated on a spacious 4.43-acre lot with a tax-assessed value of $6,198,730.
The total approximate square footage under the roof is 21,326, providing ample space for various purposes. The indoor occupancy capacity is 450, while the outdoor occupancy stands at 275. Additionally, the property features approximately 10,000 square feet of patio space, offering opportunities for outdoor activities and events.
Surrounded by notable neighbors such as Chik-fil-a and a future hotel, the location is part of a community undergoing continuous expansion with developments in single and multifamily living. Furthermore, the property is conveniently located within a 5-minute drive of Lake Red Rock, Iowa's Largest Lake. Lake Red Rock presents an ideal venue for boating, camping, water sports, and various recreational activities, adding to the overall appeal of the property.
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Property Features and Assets:
Located on 4.43 acres with a standalone building totaling 21,326 square feet under roof and an additional 10,000 square feet of patio space. This location is just minutes from everything this city has to offer!
Assets = $3,950,000
Market Competition and Expansion:
This area boasts a number of different food and entertainment options. There are currently no other locations in this area that offers this new and expansive space that is less than 2 years old.
Located just minutes from Lake Red Rock as well as being home to 2 very large employers as well as Central College, this location is prime for growth with the right restaurant operator.
Reason for Selling:
Closure of business.Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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