Flourishing Establishment: This 10,000-square-foot pizza restaurant and full bar has become a go-to destination for families, sports fans, and food enthusiasts. It offers an exceptional dining experience complemented by high-quality service and a lively atmosphere.
Prime Iowa Location: Strategically located in the heart of Iowa, the business benefits from high visibility, strong community support, and a diverse demographic that ensures a steady influx of patrons eager to enjoy its offerings.
Enhanced History & Reputation: This well-established restaurant has enjoyed continued success for over 60 years in business. The business is respected within the community and leverages a solid reputation for quality and reliability built over decades.
Owner Involvement & Management Needs: Due to health restrictions, the owners are unable to be active daily. Any serious buyer with restaurant experience will recognize the necessity for an active owner to maintain high standards of quality, consistency, and customer experience, as well as direct oversight of financials. \Current owners are willing to assist during weekends and busy events to facilitate transition and success for a new active partner or owner.
Recent Upgrades & Facilities: The restaurant underwent a complete remodel in 2023, including updated wiring, lighting, flooring, three new AC/furnace units, a brand-new bar, custom tables, new furniture, and new kitchen equipment.
-Features a nearly 1,500 square foot party room (not renovated) and about 1,500 square foot garage.
-A new roof with a 25-year warranty was installed in November 2024, ensuring the building's integrity and value.
Business Structure & Opportunities
-Four distinct purchase options are available, tailored to buyer preferences:
-Full sale: business, equipment, and real estate.
-Sale of business, equipment, and furniture only.
-Sale of real estate only.
-Sale of ownership shares to a partner who can actively manage all daily operations, with current owners assisting as needed (especially for events and weekends).
-Any partner must have personal financial investment ("skin in the game") and sufficient experience to run full daily operations, meeting financial goals with a focus on controlling COGS (Cost of Goods Sold)
-Bookkeeping and financials can be handled with remote help from current owners.
-Responsibilities include food prep, ordering, scheduling, and marketing (with support), requiring around 20–25 hours/week of active management and hands-on involvement.
Current Operations & Expansion Potential: Open Thursday–Sunday evenings only due to health restrictions, leaving substantial opportunity for growth by expanding to lunch hours and full-week operation. The biggest opportunity lies in establishing a physical presence in Ames, just seven miles away; with a population of ~70,000 plus ~40,000 college students, expanding to a “Take Out” location was always part of the owners’ plan, but hasn’t yet been realized due to health.
Turnkey, Diverse & Growth Ready: Includes a well-trained staff of 12, ready for a smooth transition. The business is a family-friendly sports destination, with a full-service bar, entertainment area, and the latest amenities; generates revenue from dine-in, takeout, and bar sales. Opportunities exist for further growth by introducing catering, delivery, loyalty programs, and enhanced marketing
Don't miss this incredible opportunity to own a profitable, well-established pizza restaurant and full bar in a prime Iowa location!
Ad#:2339393
