440 Hwy 69 & Main St Lamoni, IA 50140
This exceptional turn-key restaurant opportunity in Lamoni, Iowa, is priced at $175,000. Established in 1968, "The Dairy Cup" boasts a rich history and consistent revenue stream. The property includes a well-maintained building featuring a 560 sq ft commercially equipped kitchen, fully approved by health inspectors, and a 256 sq ft covered portico for ordering and dining. Additional outdoor seating is available in a park-like setting. Convenient amenities include a public restroom and a separate employee restroom. All equipment is included, allowing for immediate operation: this includes a Square POS system, Taylor soft serve ice cream machine, soda fountain, grill, deep fryer, steam table, freezers, refrigerators, and branded merchandise. Detailed equipment lists and profit & loss statements are available upon request. The 1.25-acre lot offers ample space for expansion, allowing for potential development or maintaining the existing green space. Located conveniently off I-35 between Des Moines and Kansas City, this property benefits from proximity to two airports and easy access to a wide regional market. The business model includes walk-up, drive-through service, and online ordering with curbside pickup. This is a rare chance to acquire a profitable, established business with significant growth potential in a thriving community. The current menu features soft serve ice cream, shakes, burgers, tenderloins, and other popular items.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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