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About the Listing 542024907 - mt.542024129
Izaak's Restaurant: The Ultimate Montana Legacy Acquisition. This distinct opportunity to acquire Izaak's Restaurant, with a Full All-Beverage Liquor & Gaming License, is a profitable Turnkey business & a cherished culinary destination located in Craig, Montana—the world-renown Fly Fishing destination located on the Missouri River. This business has every asset necessary for success & solid expansion, with 3 lots adjacent to the Missouri River with River Views & proximity to fishing lodges & cabins. The MT Full All-Beverage Liquor & Gaming License, provides reliable income. This property has a designated Farm Bill Land Status which has 2 Greenhouses, lends to Farm-to-Table model with access to USDA grants. Name, Website, social media & Recipes for high-end comfort food. Fully equipped kitchen, bar & dining area including a Patio/Deck with a Stage this place is ready for immediate operation & year-round expansion. This is more than a sale; it's an invitation to own a Montana icon... The value of Izaak's starts with its location adjacent to the banks of the mighty Missouri River. • Craig, MT, is an international site for fly-fishing, attracting a steady stream of tourists who enjoy good food, drinks & sometimes a little gambling from early March through late November. • The restaurant offers views of the Missouri River, providing a friendly atmosphere that guests simply cannot find elsewhere. • The property is strategically located amidst fishing lodges, cabins, and outfitter operations, making it the essential social, dining, and entertainment hub for the entire community of anglers and guides. • The dedicated patio/deck with a stage for entertainment and outdoor dining directly capitalizes on the Montana setting, providing another revenue stream from live music and events against a beautiful natural backdrop. Izaak's is a Full package built upon Montana's most valuable commercial assets: • Full Liquor and Gaming License: This valuable license grants Full All-Beverage authority and the right to operate state-regulated Gaming Machines (Casino). Given the strict population-based limits on licenses in Montana, this asset provides an immediate reliable source of passive, high-margin revenue that acts as a financial stabilizer. • Full Equipment Inventory: The restaurant is completely equipped for high-volume operation, including two walk-in coolers, walk in freezer, a full commercial kitchen, and all bar and dining furnishings. • Historic Atmosphere: The inviting interior features a curated Montana aesthetic, highlighted by local artwork and working 1910 wood stove, creating a cozy, memorable guest experience. • Proven Profitability with Expansion Potential: Currently profitable on a seasonal model (March to November), the existing infrastructure is fully prepared to transition to expanded hours and/or a year-round operation, capitalizing on breakfast & lunch & winter recreation and the consistent gaming income. • Izaak's has created a marketable identity as a cherished restaurant in the region, centered on its high-end comfort food served in a relaxed, friendly atmosphere. • The sale provides the new owner with all existing, successful recipes, ensuring seamless continuity of the menu. This includes the famed Walleye dish and highly-rated BBQ, which draw repeat clientele from across the Western U.S. • The land is designated with a farm bill attached, officially designating the operation as a true farm. Financial Advantage: The farm status provides access to valuable USDA grants and value-added funding for small businesses. • The operation utilizes two fully functional greenhouses, one of which is heated, enabling the year-round cultivation of specialty herbs and produce for a genuine Farm-to-Table experience. The inclusion of three parcels of land right on the main street close to I-15 a main highway through the state of Montana for easy access. For Year-Round Revenue- Utilize the heated greenhouse and gaming revenue to operate 12 months a year, capturing off-season income. Physical Expansion- Can build up to expand capacity, increase the casino floor, or develop lodging/rental cabins to service the surrounding fishing industry. Entertainment Maximization - Utilize patio stage with regular music and events, dramatically increasing bar and food revenue during peak hours. Retail Branding - Leverage the Farm Status and proprietary recipes to develop and sell a branded retail line of sauces, rubs, or specialty farm goods. This is the chance for a determined owner-operator (who loves to fish) or strategic investor to acquire a fully functioning, Montana legacy and guide it into a new era of prosperity. Izaak's Restaurant is a proven success—ready for you to carry on its legacy.
Listing Highlights
Status
Active
Days on Site
23
Property Type
Commercial Sale
MLS ®
30060393
Year Built
Total Square Footage
3,056
Lot/Acreage
0.36
County
Lewis and Clark
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances: List Available
- Air Cond: Central Air
- Heating: Forced Air,Wood Stove
- Fireplaces:
- Floor: Hardwood,Tile
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Crawl Space
- Other: Open Floorplan,Wired for Data
- Water: Shared Well,Well
Exterior Details
- Lot Description: Garden,See Remarks,Views
- Garage Capacity: N/A
- Roof:
- Others: Garden,See Remarks,Propane Tank - Leased
- Sewer: Public Sewer
Financial Details
- Tax Amount: $3,113
- Taxes w/Assessments: N/A
- Tax/Property ID: 05244610112080000
- Tax Year: 2024
Payment Calculator
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Questions About..
105 Bridge St Craig, MT 59648
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