40-Year Iowa Steakhouse | Real Estate + Equipment

Established 40-year steakhouse and bar serving as the heart of a rural Iowa community. This turnkey opportunity includes two commercial buildings totaling 11,000+ square feet on Main Street, complete with real estate ownership - no landlord or lease concerns. The primary 6,000 SF restaurant features a full dining room, complete bar, commercial kitchen, and basement storage. The secondary 5,000 SF building offers untapped potential for weddings, banquets, and private events - representing significant growth opportunity. All equipment is included: commercial kitchen equipment (grill, fryers, walk-in coolers, prep stations, exhaust hood), complete bar setup (draft system, refrigeration, ice machine), dining room furnishings, POS system, and transferable Iowa Class C Liquor License. Food and liquor inventory valued at $15,000-$20,000 included at closing. Financial Performance: - Annual gross revenue: $825,000 - Owner-operator model with established customer base - Two-generation loyal clientele drawing from 60-mile radius - Regional destination with minimal competition in rural location This business has weathered economic cycles by delivering consistent value to rural Iowa - quality food, cold drinks, and community gathering space. The steakhouse serves as the town's social hub for Friday night dinners, harvest celebrations, and local events. Growth Opportunities: - Event hosting in secondary building (weddings, reunions, corporate meetings) - Expanded catering services - Enhanced marketing for regional draw Ideal for experienced restaurant operator seeking: - Real estate ownership with business operation - Rural Iowa lifestyle - Hands-on management opportunity - Community-centered business model Owner provides 30-60 days training and transition support. Retiring owner offers this community landmark for the first time in four decades. This asset-backed opportunity combines established operations, owned real estate, complete equipment package, and growth potential in a market-dominant position.