Event Center, Bar & Restaurant Business
Off-MarketCherokee, IA
Event Center, Bar & Restaurant
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$900,000
$300,000
33.3%
2019
30+ Days
Customers
The business operates six days per week, closed Sundays and Mondays for the restaurant. The event center hosts weddings, corporate meetings, birthday parties, and large catering events for up to 400 people. The business is currently booked for 25 weeks in 2026 with strong bookings through April and May, generating estimated $25,000+ monthly from event rentals alone.
Customer Acquisition
Word of mouth and referrals.
Team
The business employs 28 total staff, including full-time kitchen help and part-time front-of-house employees. Two key managers oversee operations: a kitchen manager handling food and supplies, and a restaurant manager managing alcohol, banking, and daily operations.
Owner's Role
The owner is semi-absentee but helps with payroll and other operational elements of the business.
Reason for Selling
Owner is looking to re-exit the business after previously selling in 2024 but reclaiming ownership in 2025.
Contracts
No
Real Estate
The 17,900 square foot facility features all new kitchen equipment, walk-in coolers, walk-in freezers, and industrial cooking lines installed within the last four to five years. The real estate was appraised at $1.6M.
When Are You Looking to Sell
ASAP
Licenses Required
No
Additional Notes
Restaurant and event center in Iowa with $700,000 restaurant revenue and $200,000 event center revenue in 2024. The owner previously sold the business in July 2024 and retook over the business in July 2025 when the prior owner was unable to operate.
Business ID: 1402
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