Pizza Restaurant & Bar (Central, IA)

Key Features 

Enhanced History & Reputation

This well-established restaurant has enjoyed continued success for over 60 years in business, originally rooted in Nevada before thriving in Iowa.

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.

Maintaining a clean facility and smooth open-hours operation is expected of buyers or partners.

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 efforts.

Real Estate Inclusion

Real estate valued at $525,000 included in the asking price, ensuring long-term security for buyers.

Key Takeaways for Buyers

This is a flourishing, well-established restaurant, recently remodeled, with enormous untapped potential for expansion and enhanced operations.

The new owner or active partner must have restaurant expertise, personal investment, and readiness to lead day-to-day operations, ensuring quality, consistency, and financial success.

Owners are open to all reasonable offers and flexible deal structures, willing to assist as needed during transition.

 
Don't miss this incredible opportunity to own a profitable, well-established pizza restaurant and full bar in a prime Iowa location!