Best in Town Bar For Sale Boasting New Improvements of $229,000

545

Great cash flow in an inviting neighborhood favorite between Lincoln and Omaha. This growing community still has a small-town feel; there are 2,000 residents in the immediate area and over 25,000 in the county. This Best in Town bar recently underwent a complete remodel costing $229,051 including all new electrical, plumbing, flooring, drywall, two HVAC units and fixtures.

The layout of the bar includes a large outdoor patio as well as space to expand on the second floor. This is the perfect mix of old and new:  the bar originally opened in the 1930s. Included in the purchase price is all existing equipment (worth $63,365): two three-door coolers, two drink well stations, twelve-tap draught beer system, three bin sink, walk in cooler and much more. The current owner does bookkeeping, inventory and event planning but does not bartend. Up to 90 days of seller training and support is available if needed.

It hosts events that include Bunco nights, dart, shuffle board and pool leagues. Social media marketing includes over 1,100 Facebook followers.

Equipment: $60,995 includes 2 three-door coolers, 2 drink well stations, 12-tap draught beer system, three-bin sink, walk-in cooler and much more
Remodel/Build-out 2014: $229,051 including all new electrical, plumbing, flooring, drywall, 2 HVAC units, fixtures.
Inventory: $2,400

*amounts may vary
Demographics: Community of 2,000; over 25,000 in the county
Car Count: 5,100 cars drive by each day
Reason for Selling: Growing family
Employees: 2 FT & 2 PT
Hours: Mon-Fri 2pm-2am, Sat and Sun 12pm-2am
Non-Paid Seller Training Period: 90 days if needed
Current Owner’s Responsibilities: Bookkeeping, inventory and event planning. Owner does not bartend.

Multiple: 2.9 *Multiples range from 1-5, average being 3
Profit Margin: 26%
Valuation:
Cash Flow x      Multiple     = Fair Market Value
$63,424 x          2.9             = $183,929

Facilities:

Location: Cass County; 15 minutes southwest of the Omaha Metro Capacity: Seating for 120, large outdoor patio

Training/Support:

90 Days if needed

Seller Financing:

20% Seller Financing: $36,000

Sale Reason:

Growing Family