Bar Grill Bowling Arcade Dance Floor In Iowa For Sale

Business description

Fun business: Great Bar & Grill with 4 bowling lanes, arcade room, full bar, & dance floor used for dance, karaoke, bands, & comedian entertainment newly re-established since June 2009. Serves the local community & draws from surrounding area due to unique amenities & uncommon menu. Establishing loyal customer base & developing capable staff. Excellent equipment & facilities with apartment. Several TV’s for sports watching, extensive kitchen, abundant storage, & more. Abundant potential due to very little past marketing & current owner’s limited involvement. Immediate possession with motivated seller willing to assist, orient, train, & support for smooth transition. Investor opportunity or great potential for owner-operator to grow. 2009 financial history for 6 months of operations.

Property information

Location:

6520 sq. ft. on main floor of a downtown building located within 25 miles of Cedar Rapids. Highly improved, renovated, & expanded in 2009. Brick building in excellent condition with new flat rubber membrane roof, 2 new furnaces & zoned central A/C's, new restrooms, wiring, drywall, ceilings, water heater, & basement floor. Efficient lay-out after purchasing adjacent building & adding it to business in 2009. Plentiful storage in back & basement with delivery door. 1043 sq. ft., 3-bedroom, 2nd-floor apartment generates lease income or may be occupied by business buyer. $195,000 Real estate available for purchase separately through Iowa licensed real estate broker Allison James Estates & Homes - Commercial Services, Iowa City, IA.

Size in square feet:

8,520

Other information

Expansion potential:

Growth & Expand: Abundant opportunities for growth. Expand days & hours open. Offer breakfast, bakery, & popular coffee drinks. Increase carry-out food. Add food delivery & catering. Promote more events. Expand in to back storage area. Increase marketing. Focus on expanded product sales, up-sales, & cross-sales.

Competition / Market:

Only an unestablished bar & convenience store provide any food competition in town. Nearest bowling alley 15 miles away. Limited competition & no direct competition for this unique format in neighboring towns.

Support & training:

Will train for 2 weeks at no cost

Reasons for selling:

Sellers desire to focus on young family

Trading hours:

Tues-Thurs 3pm-midnight, Fri-Sat 3pm-2am

Furniture / Fixtures value:

$40,000 (included in the asking price)