Seller Financing Available
Gross Revenue: $235,508
Best in Town Bar Boasting New Improvements of $229,000
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
Inventory: Included in asking price
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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