Restaurant with bar and Event room

Asking Price$49,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$600,000

Inventory$10,000
Not included in asking price
FF&E$40,000
Included in asking price
Private Event Room
Ikes
Bar Seating
Ikes
Booth Seating & Entrance
Pool Tables & Darts Room
Private Event Room
Ikes
Save1/6

Restaurant with bar and Event room


Asking Price$49,000

Cash Flow
Not Disclosed

EBITDANot Disclosed

Gross Revenue$600,000

Inventory$10,000
Not included in asking price
FF&E$40,000
Included in asking price

Seller Financing Available
Business Description
Turnkey, serious enquiries only.
I'm an Out of state owner of the restaurant and I also own the building, so I definitely will want to ensure any new tenant is successful. An Experienced owner can capitalize or someone that wants to have a turnkey restaurant, this is your chance! You cannot open a restaurant for this price in this condition, guaranteed. GREAT opportunity that doesn't come around often. We have spent the money to renovate and get open so you can start earning on right away.

Established and open business. The combination of dining, full bar, and various gaming and hosted entertainment creates multiple revenue streams in one location.

99 seat restaurant with a full bar, includes Private event room that can be reserved but is also used for daily dining space when not reserved. Opened July 2024, with new furniture, paint, Toast POS System, kitchen equipment. The private event room currently has 2 pool tables, 2 dart machines, 2 gaming machines, a juke box, pin ball machine, speaker system, biggest TV in town and room to add more if needed.

11 beer Taps. All kitchen equipment working great.

Lots of parking, stand alone building shared with a busy asian restaurant. Right next to a hotel and only a block away from the High School and Middle School! Busiest intersection in town.
About the Business
Years in Operation
1
Employees
8
Facilities & Assets
New furniture, new restroom, all new plumbing, all new electric, new TVs, full bar.
The business is owned by the out of state owner so it would be turnkey for a new operator to takeover and earn immediately.

There are currently pool tables, dart boards, gaming machines that generate additional revenue every month, enough to cover much of the utility bill!
Website
Https://Www.ikes2.com
Market Outlook / Competition
Extremely Low overhead with a great location. Right next to a really busy restaurant in the same building that does monthly six figure revenue.
Only 1 other Mexican restaurant that has very limited hours.
The town has a huge demand for good food. A hands on operator could have more menu offerings or even change concepts.
Opportunities for Growth
Catering and delivery services to grow more sales. Rent out the private event room for birthdays, work events, graduation parties and more.
Host events to generate revenue, i.e. karaoke, bands, Trivia, poker nights, wine or whiskey nights, kids events and more. Get creative with the private event space and you'll surely be rewarded.

Host events, comedy shows, live bands, steak nights, wine nights, food truck events, painting events and much more!
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,200
Rent
$2,000.00 per month
Lease Expiration
9/2/2030
About the Sale
Seller Motivation
Out of state
Transition Support
Full support and training if needed.
Financing Options
Seller Financing Available,
Listing Info
ID
2336212
Listing Views
1847
Business Location

Contact Seller

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Business Listed by: daniel b

Listing ID: 2336212 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.