Pizza Restaurant and Bar

Description

Established Pizza Restaurant and Full Bar with Real Estate and Expansion PotentialThis successful 10,000 square foot pizza restaurant and full-service bar has become a popular destination for families, sports fans, and local diners by delivering quality food, strong service, and an inviting atmosphere.Located in a prime Iowa market, the business benefits from excellent visibility, strong community support, and a diverse customer base that provides consistent traffic and repeat business.With more than 60 years of operating history, the restaurant has developed a strong reputation for quality, reliability, and long-term community presence.Current ownership has reduced daily involvement due to health limitations, creating an opportunity for an experienced restaurant operator to take an active leadership role. New ownership will benefit from direct oversight of operations, customer experience, and financial performance. Existing owners are available to support transition efforts and assist during weekends and major events if desired.The property completed a comprehensive renovation in 2023 including upgraded electrical systems, new lighting, flooring, three new HVAC units, a fully renovated bar area, custom tables, updated furniture, and new kitchen equipment.Additional facilities include an approximately 1,500 square foot event room that remains available for future renovation and an additional 1,500 square foot garage space.A new roof with a 25-year warranty was installed in November 2024, further enhancing the long-term value of the property.Purchase options are flexible and include:Complete acquisition including business operations, equipment, and real estatePurchase of business operations with equipment and furniture onlyPurchase of real estate onlyPartnership opportunity for an active operator with ownership participation and operational responsibilityAny ownership partner should be financially invested and capable of managing day-to-day operations with attention to financial performance and cost management. Current owners can continue providing remote support for bookkeeping and financial administration.Operational responsibilities include food preparation oversight, purchasing, scheduling, and marketing support with an expected commitment of approximately 20 to 25 hours per week of active involvement.The business currently operates Thursday through Sunday evenings only, creating immediate expansion opportunities through lunch service and full-week scheduling.One of the strongest growth opportunities is expansion into Ames, located approximately seven miles away, with access to a population of about 70,000 residents plus approximately 40,000 college students. Development of a dedicated takeout location was part of the long-term growth strategy but has not yet been implemented.This turnkey operation includes an experienced team of 12 employees prepared to support a smooth transition. Revenue is generated through dine-in service, takeout, and bar sales, with additional upside available through catering, delivery services, customer loyalty programs, and expanded marketing initiatives.