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Asking Price$82,000
Revenue | $160,833 |
Established | 1998 |
Cash Flow | $38,600 |
Employees | 6 part-time |
FF&E | $17,000* |
Franchise | No |
Inventory | $3,000* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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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 |
Ad #78594
Seller Reference #RES046
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