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105-Person Capacity Bar with Kitchen

$180,000 in buildout!

CASH FLOW

Specifications

  • Price
    $115,000

  • Revenue
    $318,413

  • Location
    Prime expanding retail location in South Metropolitan Omaha Area

  • Equipment
    $31,700

  • Inventory
    $8,000

  • Reason for Sale
    Planned retirement strategy

  • Lease
    $4,635 per month for 2,500 sq ft

  • Employees
    7: 2 FT Bartenders/Servers/Keno Writers and 5 PT Servers/Bartenders

  • Intangible Assets
    Fun website, comprehensive menu, good ratings on social media

In business for 14 years, this business has $180,000 in buildout with a capacity of 105 people! They added a cozy fenced in patio with wind protection for smokers. Equipment totals $60,000 and includes a walk-in freezer/fridge, a kitchen hood, dishwasher, and miscellaneous furniture, fixtures, and equipment. There are two full time bartenders/ servers and five part-time servers/bartenders that take care of the customers. The lease is $4,635 per month for 2,500 square feet and a new owner would only have to put forth a down payment of $40,000.

Selling the business as a part of a planned retirement strategy, the current owner is responsible for cleaning, inventory management, vendor relations, bookkeeping, bank deposits and payroll. There are growth opportunities in advertising on social media, establishing B2B relationships with nearby businesses and other forms of low cost or free advertising.

With continual development in the area, this bar and grill is in the prime location for success! When it comes to the developing areas in Omaha, this is one to watch.  The neighboring $200MM project will bring apartment complexes, 300,000 sq. ft. of office space and neighborhood retail and an amphitheater near this retail hot spot. Sporting a unique theme that lures in a mix of consistent locals and fresh out of town visitors, the bar hosts competitive dart leagues throughout the week, Keno and karaoke on the weekends to keep the place busy.


Business Highlights

  • Years in Business: 14
  • Location and Service Area: Prime expanding retail location in South Metropolitan Omaha Area
  • Capacity: 105
  • Lease: $4,635 per month for 2,500 sq. ft.
  • Reason for Selling: Planned retirement strategy
  • Employees: 7: 2 FT Bartenders/Servers/Keno Writers and 5 PT Servers/Bartenders
  • Hours: Bar -11am-2am Mon-Fri, 2pm-2am Sat & Sun
  • Grill – 11am-2pm & 4:30-10pm Mon-Fri, 2:30pm– 10pm Sat & Sun
  • Seller Training Period:  90 days transition
  • Growth Opportunities: Engage in social media, B2B marketing with nearby businesses, advertising, promotions and specials, hold events
  • Current Owner’s Responsibilities: Inventory, management, bookkeeping and payroll

Financial Highlights

  • List Price: $115,000
  • Gross Sales:
    • $318,413
  • Assets Included in Purchase*
    • Equipment: $60,000: Walk-in Freezer/Fridge $18,000, kitchen hood $13,700, dishwasher, misc. furniture, fixtures & equipment
    • Build-Out: $180,000
    • Inventory: $8,000
    • Intangible Assets: Fun website, comprehensive menu, good ratings on social media

*amounts may vary

Valuation Details

The Firm used a cost-to-create valuation methodology to determine the purchase price of the business. 

Cost-to-create valuation: The startup expenses and risk associated with starting this business far outweigh the reduced expenses incurred in purchasing this turnkey business.

Funding Example

Purchase Price:                                $115,000

Buyer Down Payment:                    $40,000

Seller Financing:                             $30,000

Bank Loan / HELOC:                       $45,000

Seller financing 5-year term at a rate of 4.50% equals a monthly loan payment of $559.

Bank loan 8-year term at a rate of 6% equals a monthly loan payment of $591.

After business expenses and loan payments, a buyer with a 35% down payment of $40,000 would retain a profit of $45,673, which results in a 114% return on investment in the first year.

A lender is required to have a minimum 1.5 coverage ratio for any business loans extended. At a proposed purchase price of $115,000 with the terms listed above, the coverage ratio is 4.31.

Please note that the decision of whether to extend a loan on any sale belongs to the bank, and this document does not guarantee specific terms or verify that financing is available. 

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.