Popular Bar in High Traffic Location

Omaha, NE (Douglas County)

Seller Financing Available
Popular Bar in High Traffic Location

Asking Price:$120,000

Cash Flow:$43,205

Gross Revenue:$172,821

EBITDA:N/A

FF&E:$40,000

Inventory:$7,000*

Rate/Sq. Ft.:N/A

Established:1968

*not included in asking price.

Popular Bar in High Traffic Location

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Business Description

With tenured staff in place Owner only works 1 day per week. Located in the middle of the city, with easy interstate access, the location is a watering hole to all types of individuals. The bar is fully equipped with $57,000 in furniture, equipment, and inventory. Both Professionals & Blue Collar, age 30-55 is the main demographic of this establishment. Loyal clientele makes this a regular spot for happy hour.

The layout of the facility is comfortable and open with a sunken bar and plenty of seating options, and just dark enough to be cozy and intimate. This is a nostalgic establishment with a solid client base. The Owner is willing to stay on and train for a period of 90 days post sale, if needed.

There is a large growth opportunity for the business by starting a reverse happy hour program; this would begin drawing in the younger crowd (20’s). The business could also sponsor softball or other sporting teams in the area to grow weekday late evening hours.

Financial Overview
List Price: $120,000

Gross Sales
2015: $172,821
2014: $157,058

Cash Flow/Owner Profit: $43,205 (Industry Standard 25%)

The Firm Business Brokerage used a Cost to Create
Valuation methodology to determine the Purchase Price of
the business. To open your own lounge that has a
reputable name, location, buildout, equipment, inventory,
tenured staff, and business services would cost more time
and energy spent than the price of $120,000

Assets Included in Purchase: $72,000
Furniture & Fixtures: $40,000
Equipment: $10,000
Leasehold Improvements: $15,000
Inventory: ~$7,000

*amounts may vary

Funding Example
Purchase Price: $120,000
Seller will Finance 15% of Purchase Price

Attached Documents


Detailed Information

Inventory:
Not included in asking price
Real Estate:
Leased
Building Sq. Ft.:
2,000
Lease Expiration:
N/A
Employees:
1FT, 4PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Lease: 2,000 sq./ft. at only $2,500/month The layout of the facility is comfortable and open with a sunken bar and plenty of seating options. This is a nostalgic establishment with a solid client base. The Owner is willing to stay on and train for a period of 90 days post sale, if needed.
Competition:
Demographics: Professionals & Blue Collar ~ ages 30-55
Growth & Expansion:
There is a large growth opportunity for the business by starting a reverse happy hour program; this would begin drawing in the younger crowd (20’s). The business could also sponsor softball or other sporting teams in the area to grow weekday late evening hours.
Financing:
15%
Support & Training:
90 days
Reason for Selling:
Owner's main business needs full focus

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Cortney Sells

Business Listed By:
Cortney Sells

The Firm

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