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Asking Price$507,000
Revenue$1,570,737 Established2003
Cash Flow$178,177 EmployeesUndisclosed
FF&E$362,536* FranchiseNo
Inventory$41,000* RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Located near a major Midwest destination, this restaurant is frequented by locals and visitors to town. The 8,000 square foot facility, near office complexes and accessible from Interstate 80, includes a dining room, banquet hall, sports bar and a glass-enclosed patio. The interior has been newly refurbished, and can accommodate banquets, wedding rehearsal dinners and receptions. Open for lunch and dinner, the current menu includes beef, seafood, pasta, salad, soups, burgers and sandwiches.

Sidney is located halfway between North Platte, NE and Cheyenne, WY just off Interstate 80. The current owner operates the business absentee, visiting the location once a week. A General Manager, Chef and full staff are in place to handle day-to-day operations.

Gross Sales in 2014 were $1,570,737 and Owner Cash Flow for that same year was $178,177. Profit Margin was 11%. Value of furniture and equipment is $362,536.

Reason for Selling: Retirement
Personnel: General Manager, Chef and full staff are in place to handle day-to-day operations
Hours: Lunch and dinner
History: 12 Years
Support to Buyer: 90 Day Transition
Additional Information:

Facility: 8,000sqft: banquet hall, sports bar and enclosed glass patio

Location Demographics: With an approximate population of 6,800, Sidney is located halfway between North Platte, NE and Cheyenne, WY. Major Midwest destination and office complex located near the business. Currently 500 hotel rooms in town with two additional hotels scheduled to break ground.

Client Demographics: Local, repeat business as well as travelers on Interstate 80.

Growth Opportunities: New hotel construction nearby will increase traveling customer traffic.

Current Owner’s Responsibilities: Absentee owner living in Colorado. Visits location once a week.

Financial Overview:
Gross Sales
2015: $1,672,458 (annualized)
2014: $1,570,737

Owner Profit/Cash Flow
2015: $180,756 (annualized)
2014: $178,177

Profit Margin: 11%

Multiple: 2.85 *Multiples range from 1-5, with the average being 3

Valuation: 2014 Cash Flow x Multiple = Price $178,177 x 2.85 = $507,804

Assets:
Furniture and Equipment: $362,536
Inventory: $41,000
Food: $24,000
Liquor/Beer: $17,000

*amounts may vary

Funding Example: Purchase Price: $507,000 Funding to be accomplished by Buyer down payment, Bank financing (equipment loan) and Seller carry-back.
Facilities:8,000sqft: banquet hall, sports bar and enclosed glass patio Location Demographics: With an approximate population of 6,800, Sidney is located halfway between North Platte, NE and Cheyenne, WY. Major Midwest destination and office complex located near the business. Currently 500 hotel rooms in town with 2 additional hotels scheduled to break ground.
Growth Potential:New hotel construction nearby will increase traveling customer traffic.
Training/Support:90 Days
Seller Financing:Funding to be accomplished by Buyer down payment, Bank financing (equipment loan)/ Seller carry-back
Sale Reason:Retirement
Ad #78615
Seller Reference #RES055
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Contact This Seller
Cortney Sells
The Firm Business Brokerage
402.998.5288
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