Profitable Bar & Grill w/ Multiple Locations

Lincoln, NE (Lancaster County)

Seller Financing Available
Hurry, this one will go fast.
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Asking Price: $1,250,000

Cash Flow: $320,000

Gross Revenue: N/A

EBITDA: N/A

FF&E: $750,000

Inventory: $75,000

Rent: $27,000 /Month

Established: 1988

Profitable Bar & Grill w/ Multiple Locations

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Business Description

This bar & grill has multiple locations that have been voted best wings in town for 30+ years. Rarely do you find a bar & grill that has a 30+ year track record, listed at a price that shows a provable 25% ROI, with that number being achieved with an absentee owner. Again, all financials are provable. All buyers must be willing to sign an NDA, and show proof of funds and/or financing before any more info will be released. A team of managers are already in place, so all you'll have to do is check-in once in a while, and count the cash. This business is not a franchise, so you get to keep all the money.

The building square footage and rent numbers are listed as a combined total for all locations.

All leases have at least one 5-year option left on them.

Detailed Information

Location:
Lincoln, NE
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
18,000
Lease Expiration:
N/A
Employees:
60
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
$750,000 worth of FF&E.
Competition:
This has been the go to bar & grill in Lincoln for wings, burgers, etc... for 30+ years.
Growth & Expansion:
Expansion could easily be done. Current owner has an entire restaurant's worth of equipment, for both the kitchen & FOH, in storage. The FFE is valued at over $150,000 and is included with the deal. Many people have asked to buy a franchise from the owner in the past. Bottling the sauces could also be a huge source of income. New ownership could take advantage of both of those opportunities.
Financing:
More than qualifies for an SBA loan. Seller may carry a small amount.
Support & Training:
Negotiable.
Reason for Selling:
Moving onto to other things.
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Business Listed By:
Not Disclosed

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