Best in Town Bar Boasting New Improvements of $229,000

Cass County, NE

Seller Financing Available
Best in Town Bar Boasting New Improvements of $229,000

Asking Price:$180,000

Cash Flow:$63,424

Gross Revenue:$235,508

EBITDA:N/A

FF&E:$60,995

Inventory:$2,400

Established:1930

Best in Town Bar Boasting New Improvements of $229,000

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Business Description

Great cash flow in an inviting neighborhood favorite between Lincoln and Omaha. This growing community still has a small-town feel and there are 2,000 residents in the immediate area and over 25,000 in the county. This Best in Town bar recently underwent a complete remodel costing $229,051 including all new electrical, plumbing, flooring, drywall, two HVAC units and fixtures.

The layout of the bar includes a large outdoor patio as well as space to expand on the second floor. This is the perfect mix of old and new: the bar originally opened in the 1930s. Included in the purchase price is all existing equipment (worth $63,365): two three-door coolers, two drink well stations, twelve-tap draught beer system, three bin sink, walk in cooler and much more. The current owner does bookkeeping, inventory and event planning but does not bartend. Up to 90 days of seller training and support is available if needed.

It hosts events that include Bunco nights, dart, shuffle board and pool leagues. Social media marketing includes over 1,100 Facebook followers.

Year Established: Opened in the 1930s, current owner has operated for over 25 years

Location: Cass County; 15 minutes southwest of the Omaha Metro

Capacity: Seating for 120, large outdoor patio

Demographics: Community of 2,000; over 25,000 in the county

Car Count: 5,100 cars drive by each day

Employees: 2 FT & 2 PT

Hours: Mon-Fri 2pm-2am, Sat and Sun 12pm-2am

Current Owner’s Responsibilities: Bookkeeping, inventory and event planning. Owner does not bartend.

Financial Overview
List Price: $180,000
Gross Sales
2015: $235,508
2014: $190,748
2013: $204,480

Owner Profit/Cash Flow
2015: $63,424

Multiple: 2.9 *Multiples range from 1-5, average being 3

Profit Margin: 26%

Valuation:
Cash Flow x Multiple = Fair Market Value
$63,424 x 2.9 = $183,929

Assets Included in Purchase: $63,395
Equipment: $60,995 includes 2 three-door coolers, 2 drink well stations, 12-tap draught beer system, three-bin sink, walk-in cooler and much more

Remodel/Build-out 2014: $229,051 including all new electrical, plumbing, flooring, drywall, 2 HVAC units, fixtures.

Inventory: $2,400

*amounts may vary

Funding Example
Purchase Price: $180,000
30% Buyer Down Payment: $54,000
20% Seller Financing: $36,000
50% Bank Loan: $90,000

Attached Documents


Detailed Information

Inventory:
Included in asking price
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Capacity: Seating for 120 people, large outdoor patio
Financing:
20% (=36,000)
Support & Training:
Non-Paid Seller Training Period: 90 days (if needed)
Reason for Selling:
A Growing Family

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Cortney Sells

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Cortney Sells

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