With minimal advertising the average number of events per year has been 28.  Put in place a full-time entrepreneur along with a renewed marketing plan this business offers room for growth with more bookings and expansion into other revenue generating avenues. The possibilities are endless, let your entrepreneurial spirit bloom with this event complex!

With this business, the Veldhuizen’s have decided to retire from the wedding and event planning business. The tedious work of building and getting established has already been accomplished. This presents a unique business opportunity as This Old Barn will be offered as an ongoing business with the remaining 2022 events included. The Veldhuizen’s are ready to assist the Buyer with a seamless transition and are willing to offer two options. 

Option 1 – New Owners Take On Current Events.

• Upon final settlement/closing with a projected date of July 11, 2022, the Buyer would be responsible for the remaining 2022 events and would receive 100% of the remaining 2022 event fees with the Seller keeping the deposit holds. The Buyer will have the option to come & assist the Seller with events in June, which the Seller will be responsible for managing/ hosting and will retain the proceeds. Upon final settlement/closing the Seller will be a supervisor to the Buyer thru September 17, 2022, if so desired by the Buyer.

Option 2 – Veldhuizen Rent Back

• Upon final settlement/closing with a projected date of July 11, 2022, the Seller will rent the venue back from the Buyer for $500 per event with the Seller being responsible for managing/hosting said events. Buyer shall be responsible for maintaining/mowing the property. Seller would retain 100% of the event fees & deposit holds. This would be for the remaining 2022 booked events.

Tract 1 – This Old Barn Event Center & Remodeled 4 Bedroom Home on 3.75 Acres M/L

Authentic Iowa Barn

• Original 48’x52’ (2,496 sq. ft.) barn was built in 1920 with a 26’x52’ (1,352 sq. ft.) addition & total barn renovation completed by the Amish in 2015.
• Event space with a 165 seated capacity and is heated & cooled.
• Walk in welcome/greeting area.
• Spacious ADA restrooms.
• Kitchen with lockable storage room & laundry hookups.
• Serving bar with live edge wood countertop.
• Barn was spray foamed insulated on the outside in order to maintain the original barn look on the inside.
• 20’x75’ flagstone decorative concrete patio with waterfall.
• Outdoor ceremony area with plenty of green space.

Bridal Suite

• Separate 24’x24’ (576 sq. ft.) bridal suite built in 2019.
• Changing area with ½ bath.
• Spacious gathering area with vaulted ceilings.
• Hardwood floors.
• Heated & cooled.
• 8’x20’ covered vinyl front porch.
• Attached 18’x24’ garage with barn siding interior & garage door (could be converted to groomsmen hangout).
• Picturesque landscaping with white picket fence & brick paver sidewalk.

Home

• Home was remodeled in 2017 with 2,648 sq. ft. of total living space.
• Custom kitchen with modern farmhouse cabinetry, farmhouse sink, center island, marble counter tops, kitchen pantry with farmhouse screen door, lighted cabinets & KitchenAid SS appliances.
• Laundry room with ¾ bath, Whirlpool washer & dryer and heated tiled floors.
• Dining area with French doors to wrap around vinyl porch.
• Living room with built in cabinetry.
• Home office.
• Open stairway to upstairs.
• Upstairs has 4 bedrooms & ¾ bath with heated tiled floors.
• Beautiful hardwood floors throughout.
• Basement with Rheem gas furnace & central air.
• Attached 30’x30’ garage with heat & air.

Amenities

• 50’x80’ machine shed with gravel floor & overhead door.
• Vintage 1950 concrete silo.
• Included with the auction is the transfer of This Old Barn Facebook page (over 6,000 likes), domain name & website: thisoldbarniowa.com, (new registration due August, 2022).
• Other amenities of the property: Iowa Telecom internet, LISCO Fiber to home & barn(not hooked up), Alliant Energy electric, City water.

Included:
- Square point of sale register
- Turbo Air 2 door glass front cooler
- True 3 door glass front under bar cooler
- Continental SS 2 door refrigerator
- Manitowoc ice machine
- Champion dishwasher
- Samsung electric stove
- Advanced SS 3 well sink
- SS under counter ice bin/sink/liquor holder
- SS under bar 3 well sink
- (2) SS tables on casters
- Round tables & chairs for 165 guests
- Dishes, glasses, silverware, cloth napkins & rings, table settings for 165 guests
- Chandelier in barn & bridal suite.
- Bridal Suite furniture.
- Outdoor furniture for patio area by the barn.
- KitchenAid refrigerator, gas stove, dishwasher & built in microwave.
- Whirlpool washer & dryer.

Not included:  Veldhuizen rock, Liquor license, Liquor & Cola inventory, Washer/Dryer in barn, True 2 door kegerator in garage, Covered Bridge, 24’ Portable Building, Old Antique Tractor, LP tank, Tools, All personal property in the home, shop & garages.

Tract 2 – 4 Acres M/L
Here is something hard to find, a potential building site located on a hard surface road.  If bought together this tract could be used for further expansion of the event center complex or expanded parking.  Land is currently in hay ground production.  Click Here to View FSA Field Map, FSA 156 EZ form

Terms: 10% down payment on May 26, 2022.  Balance due at final settlement/closing with a projected date of July 11, 2022, upon delivery of merchantable abstract and deed and all objections have been met.
Possession: Projected date of July 11, 2022. (Subject to 2022 events)
Real Estate Taxes: To be prorated to date of possession on the basis of the last available tax statement. Seller shall pay any unpaid real estate taxes payable in prior years.

Tract 1 – Net Taxes - $7,964.00 (approx.)
Tract 2 – Net Taxes - $902.00 (approx.)

Special Provisions:

• This online auction will have a buyer’s premium of $1,000 per tract. This will be added to the bid amount to arrive at the total contract purchase price.
• Tracts will be tied together with the bidding set to close simultaneously. If a bid is placed with less than 4 minutes left, the time on the auction will extend another 4 minutes. This will continue until no bids are placed within the last 4 minutes. Each Tract will stay in bidding extension until there are no more bids placed on any of the Tracts that are tied together.
• Down payment is due on the day the bidding closes and signing of the contracts will take place through email and electronic document signatures. In the event the auction bidding closes after 3:00pm, the earnest money will be due the following business day.
• Tracts 1 & 2 will be sold lump sum price. The Seller shall not be obligated to furnish a survey of Tract 1. In the event the Buyers of Tracts 1 & 2 are not the same, then a survey of Tract 2 will be completed prior to final settlement/closing. If the recorded surveyed acres of Tract 2 is different than the stated acres, no adjustments will be made to the final contract price of Tract 1 or Tract 2, whereas both tracts are selling lump sum price. The Seller shall not be obligated to furnish a survey of Tracts 1 or Tract 2, if the Buyers of Tracts 1 & 2 are the same. 
• If one Buyer purchases more than one tract, the Seller shall only be obligated to furnish one abstract and deed (husband & wife constitute one buyer).
• The Seller shall bear the responsibility and expense to have the septic system pumped (if required) & inspected, prior to closing, as required by the Iowa DNR. It shall also be the Seller’s responsibility and expense, if needed, to upgrade, repair, or any other matters to the septic system in accordance with Jefferson County & Iowa Laws & regulations. Prior to closing, the Seller shall acquire the proper paperwork required by the Jefferson County Sanitarian for the septic system.
• It shall be the obligation of the Buyer to report to the Jefferson County FSA office and show filed deed in order to receive the following if applicable: A. Allotted base acres. B. Any future government programs.
• Tract 2 land is selling free and clear for the 2022 haying season.
• This auction sale is not contingent upon Buyer’s financing or any other Buyer contingencies.
• If a Buyer is unable to close due to insufficient funds or otherwise, Buyer will be in default and the deposit money will be forfeited.
• The Buyer shall be responsible for any fencing in accordance with state law.
• The Buyer shall be responsible for installing his/her own entrances if needed or desired.
• If in the future a site clean-up is required, it shall be at the expense of the Buyer.
• All mineral rights, if any, held by Seller will be transferred upon closing.
• This real estate is selling subject to any and all covenants, restrictions, encroachments and easements, as well as all applicable zoning laws.
• The Buyer acknowledges that they have carefully and thoroughly inspected the real estate and are familiar with the premises. The Buyer is buying this real estate in its "as is" condition and there are no expressed or implied warranties pertaining to the real estate.
• All lines, drawings and boundaries are approximate.
• Steffes Group, Inc. is representing the Seller.
• Any announcements made the day of sale take precedence over advertising.

Seller: This Old Barn, LLC – Brian & Cindy Veldhuizen
Brandon Nelson – Closing Attorney for Seller

For information contact Terry Hoenig of Steffes Group at 319.385.2000 or 319.470.7120

Downloads:
This Old Barn Auction Flyer
FSA Field Map
FSA 156 EZ form
Seller's Disclosure
Lead Base Paint Disclosure