Hotel Restaurant Banquet Hall

Not Disclosed, IA
Clayton County

Clayton County

Asking Price: Annual Revenue:
$354,000 $380,950

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Hotel Restaurant Banquet Hall Broker: Michael Rooney

Quick Facts

Asking Price: $354,000
Annual Revenue: $380,950
Net Profit: Not Disclosed
Cash Flow: $24,035
Total Debt: Not Disclosed
FF&E: $55,000
Real Estate: $235,000
Year Established: 1902
Employees: 14
BBN Listing #: 69534955
Broker Reference #: 5003-12924

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Business Overview:

This is a great opportunity to own a hotel and restaurant serving the local community and visitors to the area. This business is the only hotel in the area and has consistently high occupancy. Restaurant is open for breakfast, lunch and dinner. Bar is open in the afternoon to serve the community and the guest of the hotel. Banquet facilities are a great space to host rehearsal dinners or class reunions.

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Property Features and Assets:

This a great opportunity to own a building that is listed on the National Register of Historical places in Iowa. Building has been renovated but still holds all the charm of a historical building. Restaurant, banquet hall, bar and rental properties have been updated and hotel has several of the rooms remodeled. Hotel has 11 rooms for daily rental along with 5 apartments that are leased. Property also hosts a leased rental unit. Assets = $315,000

Market Competition and Expansion:

This hotel is the only hotel in the area. Hotel offers restaurant and bar services for its guests setting it apart from most hotel in a large area. Hotel could be listed on Airbnb along with additional marketing to the festivals held in the area. Banquet facilities are underutilized at the moment but could be a good source of additional income.

Reason for Selling:

Owner is retiring after 27 years.

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.

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