Check out this 31 year, very profitable established restaurant for sale in the heart of downtown Iowa City. The locals and students agree that this is a great place to grab lunch or dinner! This is also a very family friendly gathering place, with a great menu and a fun atmosphere. The interior is custom built with cherry wood and granite top bar. You can become the next care taker for this Iowa City icon! The Sales mix is ~80% food ~20% beverage. The pandemic did not slow down this business ! Owner looking to retire after all these years to spend more time with family, and is willing to train new owner. For more information about the history and photos please check out the website: Call Listing Agent directly to set up ALL showings, at least 48 hour notice is preferred. Dave Moore 319-631-1283. Qualified buyers with pre approval letter or proof of funds letter will need to sign a Confidentiality Agreement required for any financial information. Buyer to assume lease or negotiate new one. Existing lease is long term with good w/options until 2031. Business is priced below replacement costs of furniture, fixtures and equipment. Contract terms possible. Owner willing to help train Buyer. Confidentiality Agreement in Associated Documents. Do not talk to the employees about the listing.

Listing ID #2203741

Commercial For Sale

441 S Gilbert Street, Iowa City, Iowa 52240

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Country : US
State : IA
County : Johnson
City : Iowa City
Zipcode : 52240
Status CategoryActive
Agent info
Kelley Myers
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0 Sqft
Downtown Iowa City, parking in back
Additional Details
0 Sqft
Central Air
2022-04-26 21:16:06
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Information on this page deemed reliable, but not guaranteed to be accurate. Listing information was entered by the listing agent and provided by ICAAR (Iowa City Area Association of REALTORS®) MLS and CRAAR (Cedar Rapids Area Association of REALTORS®) MLS. Urban Acres claims no responsibility for any misinformation, typographical errors, or misprints displayed from the MLS sources.

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