Northwest Omaha Neighborhood Bar & Grill

1192

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