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Asking Price$1,470,000
Revenue$2,259,668 EstablishedUndisclosed
Cash Flow$490,000 Employees6 full, 40 part
FF&E$268,000* FranchiseNo
Inventory$7,800* RelocatableNo
Real Estate$925,000 Home-basedNo
* Included in Asking Price
Pandemic Proof! 2020 sales and profits increased over 2019! Here's your opportunity to own a business in one of the most in-demand segments of the restaurant category. The Seller has implemented proven systems used in managing many different business industries to run this one as a management business, dialing in seat to serve times, operational costs, a team philosophy and creating a culture that brings back loyal raving guests and attracts new fans daily. Nearly 5-point reviews from Yelp, Google, and TripAdvisor.

By the numbers- The result is 15% net operating income and 22% recasted SDE in 2020. With a 20% down payment, a Buyer has a potential to earn up to an 80% cash on cash return on invested down payment. Read the last line again and let it sink in.

2020 sales are solid already. Great location that pulls people from all over Iowa and multiple states beyond. This business is solid, growing, and poised for expansion to other locations, or perfect for franchising. A great business for a single owner, or investor group to add onto an existing portfolio.

If you've wanted to own a highly profitable successful business, with loyal employees, high retention raving guests, clean financials, this one is the recipe for success. Real estate is also available, for an additional $925,000. Contact Matthew Ashburn today- it won't last!

Required Licenses: Food, Alcohol, Liquor
Growth Potential:There is opportunity within the business to expand into additional revenue streams, add additional locations, or franchise the concept.
Training/Support:Seller will provide a negotiated training and transition period as part of the purchase to train Buyer on the implemented systems that make the business successful.
Seller Financing:Seller will consider some financing for a qualified buyer as needed for an SBA loan.
Sale Reason:Retirement & Family
Ad #126569
Seller Reference #ANKENIA001-N555
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Matthew Ashburn
(515) 964-5431
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