Summary: 
Profitable Lunch, Happy Hour, Dinner & Late Night Crowds
Business Type: 
bars
Business Type: 
leisure
Location: 
Nebraska
Price: 
$198,000
Sales Revenue: 
$438,882
Cash Flow: 
$96,554
Realestate Included: 
No
Inventory: 
$6,800
Employees: 
15
Internal Listing:: 
RES053
Reason for Sale: 
Seller owns multiple bars

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!

Financial Overview
List Price: $198,000
Gross Sales: $438,882 (Oct ’14-Sept ’15)
Cash Flow: 96,554 Based on 22% profit margin of sales
Profit Margin: Industry Average 22%
Multiple: 2.8 (Industry Average)
Valuation:
Cash Flow x Multiple = Fair Market Value
$96,554 x 2.8 = $270,351
The list price of $198,000 reflects a discount of $72,351 as this business is currently absentee-operated

Assets Included in Purchase: $63,654
Furniture, Fixtures & Equipment: $56,854; includes huge outdoor patio, 16 flat screen TVs, full security system, pool table, keno, party room and more!
Inventory: $6,800
Build-Out: $244,000
Intangible Assets: Website and online presence
Facebook: 1,900+ Likes
5,300+ check-ins
4.1 out of 5 Stars in 129 Reviews

Business Information
Year Established: 1998
Location: Northwest Omaha off I-680
Building Lease: $3,500/mo. for 3,500 sq. ft facility
Reason for Selling: Seller owns multiple bars
Employees: 2 full-time, 13 part-time: Fully staffed with chef, bartenders and servers
Hours: 11am-2am daily; kitchen open until 10pm, Happy Hour M-F 3pm-6pm
Growth Opportunities: Owner being active in daily operation to capitalize on neighborhood regulars
Current Owner’s Responsibilities: Currently ran absentee, increased profit potential by being owner-operator

Funding Example
Purchase Price: $198,000
20% Buyer Down Payment: $39,600
20% Seller Financing: $39,600
60% Bank Loan: $118,800

Contact The Author of This Listing

Please include your contact info (Phone Number, Address, etc) and other important information.
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
6 + 6 =
Solve this simple math problem and enter the result. E.g. for 1+3, enter 4.
By submitting this form, you accept the Mollom privacy policy.