Classy Upscale Restaurant

Business Overview:

Located in Ankeny, Iowa, the business occupies a 1,500 square feet 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.

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Property Features and Assets:

Buildout: $700,000 – Gorgeous Interior with a modern twist.

Market Competition and 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.

Reason for Selling:

Multiple business ventures, looking to divest.

Additional Details:

Documents:

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