Well Known Bar/Pool Hall in Ames, Iowa

Not Disclosed, IA
Story County

Asking Price: Annual Revenue:
$350,000 $560,014

Food & Beverage: Bars, Clubs, Nightspots

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RE: Well Known Bar/Pool Hall in Ames, Iowa Broker: Dan Tryon
Owner Financing is Available!
$70,000 down/$280,000 over 36 mos. @ 6%.

Quick Facts

Asking Price: $350,000
Annual Revenue: $560,014
Net Profit: Not Disclosed
Cash Flow: $238,521
Total Debt: Not Disclosed
FF&E: $145,000
Real Estate: Not Disclosed
Year Established: 1989
Employees: 11
BBN Listing #: 77364955
Broker Reference #: 5002-16465

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Business Overview:

Seller is so confident in this business model and location that she is willing to Lease the business before you buy! Yes, “try before you buy”, and you can still lock in the purchase price upon signing the lease. This business has been a popular college town business since 1989. It is located in the heart of a downtown large college area and resides near several other bars and restaurants. Seller has separated themselves from the other bars by offering multiple pool tables to provide an interactive experience for their loyal customers. Several pool leagues throughout the week bring in a steady clientele and sales. The entire bar has been remodeling during the Covid shut down year. It is primed and ready to reopen for a new tenant/owner to excel. Seller is willing to finance up to 80% of purchase price to qualified buyer.

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Property Features and Assets:

The facility is a spacious 5,000 square feet on the main level and an additional 1,950 square feet in the basement where the large walk-in cooler is located and holds multiple tap beers with a top of the line glycol system to keep the tap beer fresh and cold with each serving. The 2nd story is not included with this Lease, but may possibly be leased in the future. Assets = $145,000.

Market Competition and Expansion:

A hands on owner/manager could potentially improve the bottom line even more than the past very respectable bottom line. A social media presence could potentially increase sales and bottom line as well.

Reason for Selling:

Seller took a job in Europe and needs to sell.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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