Fully-Staffed, Newly-Renovated Sports Bar in Stand-Alone Building featuring Sand Volleyball
Business Type: 
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Sales Revenue: 
Cash Flow: 
Realestate Included: 
Internal Listing:: 
Reason for Sale: 
Moving out of state

Newly-renovated sports bar in stand-alone building featuring sand volleyball with full tenured staff of 10 employees that allows owner to work only 15 hours a week on bookkeeping and oversight and make $87,599 a year in profit after expenses. The bar has been in business since 1999 and has made quite the name for itself as a great place to grab a drink and eat on game day or anytime. Also adding to the revenue are the 96 volleyball teams that play on two beautiful outdoor sand volleyball courts in three out of the four seasons. The menu has recently been revamped to provide newer, fresher items which increases sales and lowers food costs. This business did $80,000 in build-out for volleyball which has been proven to be successful as 5% of the top line revenue comes from league fees. The primary sources of income are beverage sales (52%) and food sales (37%).

Rent is all-inclusive for $7,000/month. Typical cost per square footage for a bar or restaurant averages $1.95 per square foot per month, however for a 7,800 square foot space, this bar is priced a full 54% below the industry average at a rate of only 89.7 cents per foot per month. Located in a well-trafficked area in Northwest Omaha where 28,044 cars drive by each day, this sports bar is a great game-day destination for groups of any size. Up to 457 patrons can visit at one time: 235 inside, 157 in the volleyball courts and 65 in the expansive outdoor beer garden.

Unlike many businesses in this industry, this Ultimate 450-Person Capacity Sports Bar has been pre-approved for a bank loan for a qualified buyer. A buyer with a 15% down payment of $36,750 would earn a 136% return on investment in the first year alone and profit a net income of $50,047 after all loan payments and business expenses.

Financial Overview
List Price: $245,000
Gross Sales
2014: $736,944
52% Beverages: $388,389
37% Food: $276,239
5% Volleyball: $31,164 96 teams play Spring, Summer, Fall Sessions
4% Keno: $26,968
2% Other: $14,184 Pickles, vending games, merchandise, etc.
Owner Profit/Cash Flow
2014: $87,599
Multiplier: 3.3
Cash Flow x Multiple = Fair Market Value
$87,599 x 2.8 = $247,277

Assets Included in Purchase: $206,700
Equipment: $201,000 in full kitchen, large wrap-around bar, security system, furnishings, signage and over 40 TVs including big-screen TV
2013 New Volleyball Courts: $80,000 in event lighting, outdoor sound system, plumbing/drainage system and imported exotic sand
2015 Remodel & Redesign: $60,000
Inventory: $5,700

Business Information
Year Established: 1999
Location: Northwest Omaha
Stand-Alone Building: 7,800 sq. ft.
 Beer Garden
 2 Volleyball Courts
 Dance Floor
 Parking Lot
Capacity: 457 – 235 inside, 157 volleyball, 65 beer garden
Lease: $7,000/month; this is 89.7¢ ft/mo which is a full 54% below the industry average of $1.95 ft/mo
Reason for Selling: Moving out of State
Employees: 12: 1 full-time General Manager, 1 full time Chef, 4 Servers, 4 Bartenders, 2 Cooks
Hours: 11AM to 2AM Daily
Non-Paid Seller Training Period: 3 Months
Growth Opportunities: Schedule corporate events and private gatherings
Current Owner’s Responsibilities: Bookkeeping; the tenured staff performs all day-to-day tasks

Funding Example
Purchase Price: $245,000
15% Buyer Down Payment: $36,750
15% Seller Financing: $36,750
70% Bank Loan: $171,500

Bank loan is collateralized by equipment within the business. Loan has been pre-approved for a qualified buyer. Based on the funding example above, a buyer with a 15% down payment of $36,750 would receive a return on investment (ROI) of 136% in the first year alone and profit a net operating income of $50,047 after all loan payments and business expenses.

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

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