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Asking Price$405,000
Revenue | $1,149,597 |
Established | 2001 |
Cash Flow | $93,255 |
Employees | Undisclosed |
FF&E | $63,275* |
Franchise | No |
Inventory | $13,911* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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Voted best soups and sandwiches in Lincoln! Not just a bar, not just a deli – this unique and welcoming venue caters to lunch and evening guests. Over 20 types of sandwiches, soups, salads and appetizers along with more than 17 Microbrews, 10+ on tap and 25+ imported and domestic bottles. More than 9,800 people have “been here” on Facebook which exemplifies that there is a loyal and recurring customer base that enjoys the offerings, service and ambiance. Nearby the City of Lincoln invested in an extensive redevelopment project in 2014 that promotes even more foot traffic. Recognizing this opportunity in 2015 the owners invested in building a new outdoor patio to accommodate the increase of customers. Sales mix consisting of 20% alcohol and 80% food consistently for at least the last 3 years. Full staff in place. One full time General Manager is responsible for all daily operations, and has been loyal to the business since inception in 2001. Having been established for approaching 15 years in 2016 the owners have developed a thriving and proven business that is positioned primarily for a local new owner to seek increased profitability by being an owner operator. The current owners run this business entirely absentee by overseeing monthly financials and having a trusted loyalty with the General Manager. The reason for selling is due to living out of state and recognition of increased profitability by a local owner operator. Earn a 135% return on your 10% down payment in your first year of ownership, or capitalize even more by promoting and utilizing the new outdoor patio!
Financial Overview List Price: $405,000 Gross Sales 2015 Annualized: $1,149,597 2014: $1,161,980 2013: $1,255,822 2012: $1,234,936 Owner-Operator Profit/Cash Flow 2015 Annualized: $93,255 2014: $119,510 2013: 175,645 2012: $143,148 Profit Margin: 8% Multiple: 3.39 *Multiples range from 1-5, with the average being 3 Valuation: 2014 Cash Flow x Multiple = Price $119,510 x 3.39 = $405,139
Assets Included in Purchase: $184,450 Equipment: $63,275 Build-out 2015: $107,264 including outdoor patio near new City redevelopment project completed in 2014 Intangible Assets: Website & Facebook with over 3,500 Likes Inventory: $13,911 *amounts may vary Business Information Year Established: 2001, not a franchise Location and Service Area: Downtown Lincoln, NE Hours: 7 days a week; Kitchen 11am – 10pm, Bar 11am – 1am Sales Demographics: 20% alcohol sales and 80% food sales, predominant lunch crowd Building Lease: Main floor 2,675sqft, basement 1,027sqft, new outdoor patio 1,000sqft Employees: Full staff in place with one FT General Manager since 2001 that is responsible for day to day operations Growth Opportunities: Promote and utilize new patio near redeveloped high foot traffic area Current Owner’s Responsibilities: Current owners live out of state and run this business absentee, monthly oversight of GM and financials. Reason for selling is due to being out of state with other ventures and desire to enable a local owner to further grow and profit
Funding Example Purchase Price: $405,000 10% Buyer Down Payment: $40,500 10% Seller Financing: $40,500 80% Bank Loan: $324,000 Bank Loan 56% Collateralized Net Operating Income (Profit) $55,039 135% Return on Down Payment in Year 1
Facilities: | Build-out 2015: $107,264 including outdoor patio near new City redevelopment project completed in 2014 Location and Service Area: Downtown Lincoln, NE
Hours: 7 days a week; Kitchen 11am – 10pm, Bar 11am – 1am
Building Lease: Main floor 2,675sqft, basement 1,027sqft, new outdoor patio 1,000sqft |
Growth Potential: | Promote and utilize new patio near redeveloped high foot traffic area |
Seller Financing: | 10% Seller Financing: $40,500 |
Sale Reason: | due to being out of state with other ventures and desire to enable a local owner to further grow and |
Ad #78441
Seller Reference #RES057
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