Premium Deli & Bar in Redeveloped Downtown

529

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