Classy Upscale Restaurant With $700,000 Buildout And Equipment

Description

Bar and grill for sale in Ankeny, Iowa.

The business operates from approximately 1,500 sq. ft. and has seating for up to 85 guests.

The space was renovated in 2022, with the seller reporting approximately $700,000 invested in buildout, improvements, equipment and related assets.

Revenue for 2022 was approximately $540,247.

Business details

• Independent restaurant and bar
• Recently renovated interior
• Commercial kitchen and bar equipment
• Premium cocktail program
• Dinner-focused menu
• Current absentee ownership

The asking price is $149,500.

The seller states that approximately $700,000 in hard assets and equipment are included in the transaction.

Seller financing of approximately $30,000 may be available, with the remaining purchase price to be funded by the buyer.

Training, consulting and marketing assistance may be available after closing if requested.

The restaurant is currently equipped and operating, allowing a buyer to continue the existing concept without a new buildout.