Pizza Restaurant and Bar

Description

Pizza restaurant and full-service bar for sale in Iowa with multiple purchase structures available.

The business has operated for more than 60 years and occupies approximately 10,000 sq. ft.

Revenue comes from dine-in service, takeout and bar sales. The restaurant currently operates Thursday through Sunday evenings.

Property and recent improvements

The property underwent a major renovation in 2023.

• Updated electrical systems
• New lighting and flooring
• Three new HVAC units
• Renovated bar area
• Custom tables and updated furniture
• New kitchen equipment

A new roof with a reported 25-year warranty was installed in November 2024.

The property also includes an approximately 1,500 sq. ft. event room that has not yet been renovated and an additional 1,500 sq. ft. garage area.

Staff and ownership

The business currently has approximately 12 employees.

Current ownership has reduced day-to-day involvement because of health limitations. The sellers are willing to assist with the transition and may continue helping during weekends or larger events if agreed with the buyer.

The sellers can also provide remote bookkeeping and financial administration support.

An active operator is expected to oversee purchasing, scheduling, kitchen operations, marketing and general cost control. The seller estimates approximately 20 to 25 hours per week of active management under the current operating schedule.

Purchase structures

• Business, equipment and real estate
• Business with furniture and equipment only
• Real estate only
• Potential partnership with an active operating owner

Any partnership structure would require the incoming operator to make a financial investment and take responsibility for daily operations.

Expansion options

The limited current schedule leaves room to add lunch service and additional operating days.

The seller also identifies catering, delivery, loyalty programs and additional local marketing as possible areas for development.

A future takeout location in Ames had previously been considered but was not developed. The seller reports Ames is approximately seven miles away, with about 70,000 residents and an additional college population of roughly 40,000. Buyers should independently verify current demographic figures.