Classy Upscale Restaurant With $700,000 Buildout And Equipment

Description

Located in Ankeny, Iowa, this bar and grill operates from a 1,500 square foot space with seating capacity for up to 85 guests. Recently renovated, the property features modern finishes and approximately $700,000 invested in buildout and improvements, creating an upscale dining environment designed to attract dinner guests and business clientele.The concept focuses on elevated food offerings, premium cocktails, and a contemporary take on popular menu favorites. Despite renovation activity completed in 2022, the business generated revenue of $540,247.This is an independent operation and not part of a franchise system. Post transition support is available, including training, consulting, and marketing assistance if desired by the buyer.The current owner operates absentee and is seeking to divest. Offered at $149,500, the opportunity includes approximately $700,000 in hard assets and equipment. Seller financing of $30,000 is available, with the remaining balance to be secured by the buyer.The business is fully equipped and ready for continued operations from day one.