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Asking Price$225,000
Revenue | $438,882 |
Established | 1998 |
Cash Flow | $96,554 |
Employees | 2 full, 13 part |
FF&E | $56,854* |
Franchise | No |
Inventory | $6,800* |
Relocatable | No |
Real Estate | Undisclosed |
Home-based | No |
* Included in Asking Price
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Profitable lunch, happy hour, dinner and late night crowds of all ages are welcomed with dining and entertainment at this attractive and very clean establishment with $244,000 in build-out! Amenities include a huge outdoor patio, 16 flat screen TVs, full security system, pool table, keno, party room, great happy hour specials and carry out pizza.
Located in Northwest Omaha just off I-680, crowds at lunch bring in 17% of sales, 22% at happy hour, 29% during dinner and 32% of sales with late night crowds. Friendly and reliable customer service creates the neighborly atmosphere that patrons have appreciated for 18 years with reviews to prove it.
Daily specials and planned events keep regulars coming back and new customers intrigued! Entertainment and events include acoustic Wednesdays, Husker parties, costume contests and golf outings. An incredibly clean kitchen and full menu provide specials such as wraps and sandwiches, appetizers, wings, tacos and burgers.
The original owner of this bar profited $154,000 after taxes operating this establishment for 15 years. An owner-operator being active in neighborhood activities could increase cash flow. This location has proven success!
Next Steps: For a detailed financial package, please contact Cortney Sells or one of The Firm Business Brokerage’s professionals at 402.998.5288 or email Confidential@TheFirmB2B.com.
Other Information Reason for Selling: Seller owns multiple bars Personnel: 2 Full-Time, 13 Part-Time Hours: 11am-2am Daily; Kitchen open until 10pm; Happy Hour M-F 3-6pm History: 1998 Lease: $3,500/mo for 3,500 sq. ft. facility Support to Buyer: Full training during transition period Additional Information:
Growth Opportunities: Owner being active in daily operations to capitalize on neighborhood regulars Current Owner's Reponsibilities: Currently ran absentee; increased profit potential by being an owner-operator Furniture, Fixtures & Equipment: $56,854; includes huge outdoor patio, 16 flat screen TVs, full security system, pool table, keno, party room and more! Intangible Assets: Website and Online Presence; Facebook account has 1,900+ likes, 5,300+ check-ins and a review rating of 4.1 out of 5 stars (129 reviews) Original Build-Out: $244,000
Valuation: Cash Flow x Multiple = Fair Market Value $96,554 x 2.8 = $270,351 The list price of $225,000 reflects a discount of $45,351 as this business is currently absentee-operated
Funding Example: Purchase Price: $225,000 20% Buyer Down Payment: $45,000 20% Seller Financing: $45,000 60% Bank Loan: $135,000
Facilities: | Build-Out: $244,000
Building Lease: $3,500/mo. for 3,500 sq. ft facility |
Growth Potential: | Owner being active in daily operation to capitalize on neighborhood regulars |
Seller Financing: | 20% Seller Financing |
Sale Reason: | Seller owns multiple bars |
Ad #78595
Seller Reference #RES053
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