Extremely Popular Omaha Sports Bar For Sale

1254

An absentee owned bar and grill with more than $155,000 in profits. This sports bar is one of the most popular hangouts in Northwest Omaha, no matter the day of the week. With a dozen TV’s, drinks, and food, it is no wonder the business gives its customers as much room as possible in the 2,998 sq. ft. building. With a huge patio and two fire places, stepping out for some fresh air to watch the game or just chat is nice perk to its location. Located near major shopping centers and a major road, the customers are never far away.

With food options from freshly made pizza and burgers to wine or cold beer just pulled out of their walk-in cooler customers are sure to never tire of the same old food. Currently not open for lunch, an easy way to boost profits for this sports bar would be to expand hours.

This bar and grill has achieved a solid foothold in the sports bar industry. And with the amazing atmosphere, owning this business can be an attractive, easy, and smart investment. With a down payment of $44,625, a Buyer can expect to profit $97,694 in the first year. This represents a 219% return on investment!

BUSINESS INFORMATION

Years in Business: 16, Moved to Upgraded Location in 2012
Location: Northwest Omaha
Capacity: 148 Indoor, 48 Outdoor
Building: 2,998 Sq. Ft.
Reason for Selling: Retiring in Florida
Employees: 1 Manager, 1 Head Cook, 2 Assistant Cooks, 4 Servers, and 2 Bartenders
Hours: Monday – Sunday: 11am – 2am; Hours vary by day
Seller Training Period: 90 Days
Growth Opportunities: Extend hours to be open for lunch
Current Owner’s Responsibilities: Runs business without direct involvement in day to day operations.

Other Information
Reason for Selling: Retiring to Florida
Personnel: 1 Manager, 1 Head Cook, 2 Assistant Cooks, 4 Servers, and 2 Bartenders
Hours: Monday – Sunday: 11am – 2am; Hours vary by day
History: 16 Years in Business, Moved to Upgraded Location in 2012
Support to Buyer: 90 Days Seller Training Period
Additional Information:

FINANCIAL OVERVIEW

List Price: $357,000
2015 Gross Sales: $584,578
2015 Owner Profit/Cash Flow: $155,349
Profit Margin: 26%
Valuation: 2015 Cash Flow x Multiple = Price

$155,349 x 2.37 = $368,177

Due to the Owner’s desire to sell, the business in being listed at an $11,177 discount.

Assets Included in Purchase: $127,499
Equipment: $117,499
-- 10x15 Walk-in Cooler and Freezer - $42,000
-- 2 Fire pits with Gas Hook-ups - $6,400
-- Electric Pizza Oven - $5,500
-- Tables, Chairs, Kitchen Equipment, and Multiple TV’s
Intangible Assets: Attractive Website, Established Social Media Presence, Niche in Successful Sports Bar Industry
Inventory: $10,000

*amounts may vary

FUNDING EXAMPLE
Purchase Price: $357,000
12.5% Buyer Down Payment: $44,625
22.5% Seller Financing: $80,325
65% Bank Loan: $232,050

After all loan debts are paid the Buyer can expect to receive $97,694 in Profit during the first year of ownership. This represents a 219% return on investment!

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.

Facilities:

Location: Northwest Omaha Capacity: 148 Indoor, 48 Outdoor Building: 2,998 Sq. Ft.

Growth Potential:

Extend hours to be open for lunch

Training/Support:

90 Days

Seller Financing:

22.5% Seller Financing: $80,325

Sale Reason:

Retiring to Florida