CAVORT: Trendy Restaurant & Bar in E. Iowa Acquisition Opportunity
Non-Disclosure & Confidentiality Agreement Link
Location: Eastern Iowa
Established: 2018
2023 Gross Sales: $537K
2024 Gross Sales: $435K
Minimum Business Asking Price: $200K
- Includes ~$316K in updated FF&E and capital improvements
Commercial Property: Leased Monthly at $1,402
- Not included in the business asking price
- Lease will transfer to new owner
Business Summary
A hidden gem in the heart of a downtown area in Eastern Iowa that is located near performance theatres, convention centers, and hotels. The Business offers a full bar and dine-in menu, 4 days a week.
Staffing: 1 Full-Time, 6 Part-Time
Facilities: 1,670 sq. ft. of leased space in a historic building with seating for 60 people. The property features a contemporary design and updated kitchen equipment.
Competition: This business is in a prime downtown location.
Growth & Expansion: Additional operating hours would increase profits.
Reason for Selling: The owner's daughter is leaving for college.
Next Steps
Qualified buyers that complete the NDA form linked below will be provided detailed information about the opportunity via a Confidential Information Memorandum (CIM) 1.0, including:
- 2021-2024 Financials
- 2024 Balance Sheet
- Lease Agreement
- Equipment List / Building Improvements
- Social Media & Google Information
- Location Photos
- Next Steps
Non-Disclosure & Confidentiality Agreement Link
Seller is advised by Marigold Resources in Davenport, Iowa and Seller pays Marigold's fee.
Please contact Marigold Resources at (563) 424-5707
Chris Barnard - Managing Partner cbarnard@marigoldresources.com
Todd McGreevy - Managing Partner todd@marigoldresources.com
DISCLAIMER: All information contained in this document has been provided by the subject company to Marigold Resources and while believed to be correct has not been verified. Accordingly, Marigold Resources makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that Marigold Resources shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by Marigold Resources of this document. Marigold Resources’ fee is paid by the Seller.