Bowling Center with Bar & Kitchen Below Apprasied Value
The property and equipment recently appraised for $1,200,000. Completely absentee owner Bowling Center is for Sale in Omaha Nebraska. Seller wants to focus on much larger business he also owns. The center offers a wide range of indoor activities. The place has been completely remodeled with new synthetic lanes, lighting and sound system with modern scoring system. There is a full kitchen to service all bowlers, bar patrons, and party room. The new party room is a great new revenue source. Besides bowling, they offer darts, pool, keno, pickles, and large game room. The bar has plenty of room for dancing, and many other nightlife fun activities such as a DJ and Karaoke. This is currently an absentee owner operation, and a new owner that is active in the business will greatly increase revenue and seller earnings. For more information on this Bowling Center, please call Jeff Hofflander at 402-578-5800.
Southwest Omaha Lounge
For sale is a great little pub on a very busy intersection in Southwest Omaha! Easy turnkey operation with many updates and everything is in great working order! Walk in cooler, 5 beer taps, beer cooler, 3 under the counter coolers and 7 TV’s including a 65” are included. The neighborhood includes thousands of apartments, homes and commercial properties. Parking is accessible and bountiful. There are great neighbors, including several restaurants. This bar has extremely long term customers and bartenders day and night! This bar includes a pool table, Keno, darts, and other cash items. Extremely well kept and clean, this is your neighborhood bar to look at! Please call Bruce at PJ Morgan Business Group 402-609-4664.
Ultimate 450-Person Capacity Sports Bar with $788,000 in Sales
Newly-renovated sports bar in stand-alone building featuring sand volleyball with full tenured staff of 10 employees that allows owner to work only 15 hours a week on bookkeeping and oversight and make $74,217 a year in profit after expenses. The bar has been in business since 1999 and has made quite the name for itself as a great place to grab a drink and eat on game day or anytime. Also adding to the revenue are the 96 volleyball teams that play on two beautiful outdoor sand volleyball courts in three out of the four seasons. The menu has recently been revamped to provide newer, fresher items which increases sales and lowers food costs. This business did $80,000 in build-out for volleyball which has been proven to be successful as 5% of the top line revenue comes from league fees. The primary sources of income are beverage sales (52%) and food sales (39%).
Rent is all-inclusive for $7,000/month. Typical cost per square footage for a bar or restaurant averages $1.95 per square foot per month, however for a 7,800 square foot space, this bar is priced a full 54% below the industry average at a rate of only 89.7 cents per foot per month. Located in a well-trafficked area in Northwest Omaha where 28,044 cars drive by each day, this sports bar is a great game-day destination for groups of any size. Up to 457 patrons can visit at one time: 235 inside, 157 in the volleyball courts and 65 in the expansive outdoor beer garden.
Unlike many businesses in this industry, this Ultimate 450-Person Capacity Sports Bar has been pre-approved for a bank loan for a qualified buyer.
Year Established: 1999
Location: Northwest Omaha
Stand-Alone Building: 7,800 sq. ft.
? Beer Garden
? 2 Volleyball Courts
? Dance Floor
? Parking Lot
Capacity: 457 – 235 inside, 157 volleyball, 65 beer garden
Lease: $7,000/month; this is 89.7¢ ft/mo which is a full 54% below the industry average of $1.95 ft/mo
Reason for Selling: Moving out of State
Employees: 12: 1 full-time General Manager, 1 full time Chef, 4 Servers, 4 Bartenders, 2 Cooks
Hours: 11AM to 2AM Daily
Non-Paid Seller Training Period: 3 Months
Growth Opportunities: Schedule corporate events and private gatherings
Current Owner’s Responsibilities: Bookkeeping; the tenured staff performs all day-to-day tasks.
List Price: $245,000
52% Beverages: $409,419
39% Food: $304,186
5% Volleyball: $35,529 96 teams play Spring, Summer, Fall Sessions
3% Keno: $25,829
1% Other: $13,582 Pickles, vending games, merchandise, etc.
Owner Profit/Cash Flow
Cash Flow x Multiple = Fair Market Value
$74,217 x 3.3 = $244,916
Assets Included in Purchase: $206,700
Equipment: $201,000 in full kitchen, large wrap-around bar, security system, furnishings, signage and over 40 TVs including big-screen TV
2013 New Volleyball Courts: $80,000 in event lighting, outdoor sound system, plumbing/drainage system and imported exotic sand
2015 Remodel & Redesign: $60,000
Purchase Price: $245,000
15% Buyer Down Payment: $36,750
15% Seller Financing: $36,750
70% Bank Loan: $171,500
Bank loan is collateralized by equipment within the business. Loan has been pre-approved for a qualified buyer.