Bar & Concert Venue
Location Iowa,United States
Asking Price Range $250K - $500K
Gross Revenues $455000
Net Profit / Cash Flow $90000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1987
Number of Employees 10 - 19
Inventory 69000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training Owner will help with the transition.
Reason for Sale Owner wants to focus on his other business.
Description This bar has been a historical destination for live music in eastern Iowa for over 20 years. Name a band and they have graced the stage of this property. The beer garden/concert venue is one out of a handful of drinking establishments with an outdoor seating area that can hold up to up to 100 people. This venue is like new with recent upgrades such as a new firewall and emergency exiting from the 2nd floor on the rear of the building. Plumbing upgrades, beer garden was added, new furniture, fixtures & concert sound system.
This property has an attractive lease! There are 2 years remaining on the current lease for $5k a month. There are two 5 year options that have already been negotiated, the first up's the rent to $5,500 and the second to $6,000. These rents are well under fair market. Property owner mentioned selling the building in the next couple of years. Contact for more information on this Bar & Concert Venue for sale.
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