Business for Sale Overview:
This Bar Has Been A Historical Destination For Live Music In Eastern Iowa For Over 20 Years. Name A Band And They Have Graced The Stage Of This Property. The Beer Garden/concert Venue Is One Out Of A Handful Of Drinking Establishments With An Outdoor Seating Area That Can Hold Up To Up To 100 People. This Venue Is Like New With Recent Upgrades Such As A New Firewall And Emergency Exiting From The 2nd Floor On The Rear Of The Building. Plumbing Upgrades, Beer Garden Was Added, New Furniture, Fixtures & Concert Sound System.
This Property Has An Attractive Lease! There Are 2 Years Remaining On The Current Lease For $5,000 A Month. There Are Two 5 Year Options That Have Already Been Negotiated, The First Up's The Rent To $5,500 And The Second To $6,000. These Rents Are Well Under Fair Market. Property Owner Mentioned Selling The Building In The Next Couple Of Years.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
This Is An Astonishing Bar With A Beer Garden Down Stairs And A Concert Venue Upstairs.
Market Competition and Expansion:
This Bar Is Near The Campus Of A Big Ten Conference College And The Downstairs Bar Could Benefit From This If Turned Into More Of A Sports Bar.
Reason for Selling:
Owner Wants To Focus On His Other Business
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.