Summary: 
Located Near a Major Midwest Destination!
Business Type: 
restaurant
Business Type: 
food
Location: 
Nebraska
Price: 
$507,000
Sales Revenue: 
$1,570,737
Cash Flow: 
$178,177
Realestate Included: 
No
Inventory: 
$41,000
Internal Listing:: 
RES055
Reason for Sale: 
Retirement

Description
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.

Financial Overview
List Price: $507,000
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: $403,536
Furniture and Equipment: $362,536
Inventory: $41,000
Food: $24,000
Liquor/Beer: $17,000

*amounts may vary

Business Information
Years in Business: 12 Years
Location: Sidney, Nebraska
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.
Client Demographics: Local, repeat business as well as travelers on Interstate 80.
Facility: 8,000sqft: banquet hall, sports bar and enclosed glass patio
Reason for Selling: Retirement
Employees: General Manager, Chef and all needed staff in place
Hours: Lunch and dinner
Seller Training Period: 90 Days
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.

Funding Example
Purchase Price: $507,000
Funding to be accomplished by Buyer down
payment, Bank financing (equipment loan) and
Seller carry-back.

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.

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.
1 + 0 =
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.