Business Summary:
THIS BAR HAS BEEN A HISTORICAL DESTINATION FOR LIVE MUSIC IN EASTERN IOWA FOR OVER 20 YEARS. NAME A BAND AND THEY HAVE GRACED THE STAGE OF THIS PROPERTY. THE BEER GARDEN/CONCERT VENUE IS ONE OUT OF A HANDFUL OF DRINKING ESTABLISHMENTS WITH AN OUTDOOR SEATING AREA THAT CAN HOLD UP TO UP TO 100 PEOPLE. THIS VENUE IS LIKE NEW WITH RECENT UPGRADES SUCH AS A NEW FIREWALL AND EMERGENCY EXITING FROM THE 2ND FLOOR ON THE REAR OF THE BUILDING. PLUMBING UPGRADES, BEER GARDEN WAS ADDED, NEW FURNITURE, FIXTURES & CONCERT SOUND SYSTEM.
THIS PROPERTY HAS AN ATTRACTIVE LEASE!! THERE ARE 2 YEARS REMAINING ON THE CURRENT LEASE FOR $5K A MONTH. THERE ARE TWO 5 YEAR OPTIONS THAT HAVE ALREADY BEEN NEGOTIATED, THE FIRST UP\'S THE RENT TO $5,500 AND THE SECOND TO $6,000. THESE RENTS ARE WELL UNDER FAIR MARKET. PROPERTY OWNER MENTIONED SELLING THE BUILDING IN THE NEXT COUPLE OF YEARS.
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