Single Property

Listing Details

  • Tenancy

    Single

  • Space Type

    retail

  • Sub Category

    restaurant

  • Date Listed

    5/19/2026

Property Specifics

  • Property Name

    1 Main Street

  • Building Size

    5,650 SF

  • Year Renovated

    2022

Description

This offering presents a rare opportunity to acquire a market-leading restaurant and bar operation located within one of the Midwest’s strongest economic centers. Established in 2019, the business has consistently generated institutional-quality profit margins while demonstrating resilience through varying economic conditions. Offered at $725,000, the acquisition reflects an attractive sub-3x earnings multiple of approximately 2.41x and an estimated 41.4% unleveraged yield, making it an appealing turnkey investment for buyers seeking immediate and substantial cash flow. The business currently generates annual adjusted profit exceeding $300,000, with revenue reaching approximately $1.2 million in 2025 and projected to increase to roughly $1.3 million in 2026, supported by strong net margins in the 25% to 27% range. Occupying approximately 5,650 square feet, the facility underwent a complete renovation in 2022 and includes high-quality furniture, fixtures, equipment, and a valuable D5/D6 liquor license as part of the sale. A major differentiator is the venue’s 48-tap craft beverage wall, recognized as the region’s largest and serving as a significant competitive advantage and destination draw. The operation is fully staffed with 24 trained employees in place, allowing for a seamless ownership transition. Additional upside potential exists through the currently unused Sunday liquor license, creating opportunities for expanded revenue through NFL programming, brunch service, or additional operating hours. The business also benefits from exceptionally favorable lease terms at approximately $3,500 per month inclusive of rent, taxes, and utilities, with the primary lease extending through 2029 and an additional five-year extension option available. Located in a nationally ranked micropolitan economic hub and surrounded by major global industrial employers, the property enjoys access to a stable customer base with strong disposable income, while its downtown setting benefits from abundant free parking and increased pedestrian traffic driven by ongoing revitalization initiatives. Due to the confidential nature of the offering, prospective buyers are required to execute a non-disclosure agreement prior to receiving detailed financial statements, tax returns, and asset inventories, and all visits must be conducted discreetly without contacting staff or ownership directly.