Popular Happy Hour Bar For Sale Off Dodge Street

1524

After work hot spot in Omaha’s Miracle Hills has been a popular lounge for 17 years right off of 114th and Dodge Street. Drink specials, Keno, comfortable atmosphere and friendly staff of 6 PT Bartenders make regulars out of new customers. Multiple televisions and ample seating attract large crowds for sporting events and especially Husker games. With the capacity of 74 people, this 2,690 square foot facility is a great location for specialty drinks and happy hour specials.
With an upstanding reputation and excellent online reviews, the transition of ownership will be fluid with the seller’s assistance. Current owner has two bars and is seeking to downsize to only operating one. The current owner is responsible for ordering, bookkeeping, and only in the bar approximately 10 hours per week.
As of now this bar does not offer any food items, this is an opportunity for growth to include simple food items that don’t require a kitchen buildout. A Buyer could own their own bar for only $41,000 down

Financial Overview
List Price: $82,000
Gross Sales
2014: $160,833
Owner Profit/Cash Flow
2014: $38,600 (Based on Industry Standard)

Assets Included in Purchase: $20,000
Equipment: $17,000 – TV’s, Taps, Tables, Chairs, and Coolers
Inventory: $3,000
*amounts may vary
Business Information
Year Established: 1998
Location and Service Area: Omaha, Nebraska (Miracle Hills Area – 114th and Dodge)
Capacity: 74 People
Lease: $3,123/month for 2,690 sq./ft.
Reason for Selling: Seller currently has 2 bars and is down-sizing
Employees: 6 PT Bartenders
Hours: Monday – Sunday 2PM to 2AM
Seller Training Period: Seller is willing to train and transition for 90 days post-close
Growth Opportunities: Add specialty wines and signature drinks – add simple food items for patrons to consume
Current Owner’s Responsibilities: Ordering, Bookkeeping, and only in the bar approximately 10 hours per week

Funding Example
Purchase Price: $82,000
50% Buyer Down Payment: $41,000
50% Seller Financing: $41,000
Become a Bar Owner for only $41,000!

Facilities:

$3,123/month for 2,690 sq./ft. Capacity: 74 People

Growth Potential:

Add specialty wines and signature drinks – add simple food items for patrons to consume

Training/Support:

Seller is willing to train and transition for 90 days post-close

Seller Financing:

50% Seller Financing: $41,000

Sale Reason:

Seller currently has 2 bars and is down-sizing