Best in Town Bar Boasting New Improvements of $229,000
Cass County, NE
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.
List Price: $180,000
Owner Profit/Cash Flow
Multiple: 2.9 *Multiples range from 1-5, average being 3
Profit Margin: 26%
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.
*amounts may vary
Purchase Price: $180,000
30% Buyer Down Payment: $54,000
20% Seller Financing: $36,000
50% Bank Loan: $90,000
Lake Ridge Golf Course
Opened in the fall of 1999 and set on 53-Acres, this is a beautiful 9-hole, Par 36, 2,861 yard golf course. Lake Ridge's championship size greens and 'links' style layout provide the novice golfer with an enjoyable round of golf, while still challenging to avid golfers with strategically places lakes, rolling hill fairways and well placed bunkers. In 2008 Lake Ridge opened the newly completed Clubhouse along with Fairways Restaurant and Caddies Lounge providing superior indoor and outdoor dining and relaxation options. (Option to purchase 50-Residential building lots surrounding the golf course. Inquire)
Located 20-minutes South of Downtown Omaha via Hwy 75, adjoining the Beaver Lake development - 2nd entrance on Murray Rd. A part of the Omaha Metro area, located on the Missouri River in Central USA! Access to I-29 and I-80 and the entire Metro business community. Hwy 75 continues its expansion to 4-lane, expediting travel times to the main Metro, yet keeping that privacy sought by many.