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    • Passive Ownership in Sports Restaurant

      Passive Ownership in Sports Restaurant

      Business Type

      Retail - Bars/Taverns

      Area Lincoln
      County Lancaster State Nebraska
      Property Status Established Business Asking Price $565,000.00
      Down Payment Total Debt
      Gross Sales Total Income
      Total Expenses Terms
      Listing Flyer
      Financial Overview
      List Price:$565,000
      Gross Sales 
      2016: $1,071,508
      2015: $946,092
      2014: $937,376
      Owner Profit/Cash Flow
      2016: $268,739
      2015: $244,820
      2014: $220,314
      YOY Growth: 14% increase in sales from 2014 to 2016
      Profit Margin: 25%
      Multiple: 2.8  
      Valuation: 2016 Cash FlowxMultiple=Price
                  $268,739x2.8  =$752,469

      Price reduced as seller is ready to retire within the next 6 months!

      Assets Included in Purchase: $100,000
      Equipment: pizza ovens, fryers, grills, walk-in coolers and freezers – 40x10 cooler used to hold 50 kegs
      Intangible Assets: premium location near higher income households, high school and businesses; years of reputation and community standing
      *amounts may vary

      Business Information
      Years in Business: 12
      Location and Service Area: Lincoln, NE
      Capacity: 150
      Lease: $6,600/mo for 5,000 sq. ft. (includes CAM)
      Reason for Selling: Retirement
      Employees: 26 – 1 FT Manager, 7 cooks (3FT, 4 PT), 11 bartenders/waiters (4FT, 7 PT)
      Hours: Mon – Sat 11am – 10pm, Sun 12pm – 9pm
      Seller Training Period: 90 days
      Growth Opportunities: capitalize on nearby sporting event traffic
      Current Owner’s Responsibilities: 20hrs/week managing employees and helping out where needed

      Funding Example
      Purchase Price:$565,000
      20% Buyer Down Payment:$113,000
      30% Seller Financing:$169,500
      50% Bank Loan:$282,500

      A 20% down payment of $113,000 would net $182,506 after debts during the first year, representing a 161% return.

      Located in a higher income neighborhood in Lincoln, this family fun sports bar is a popular lunch spot and sporting event hangout.  With sales consistently over $900,000, the current owner averages a 25% profit margin.  In operation for 12 years, the food and atmosphere of the bar has made it a local mainstay.  Its proximity to schools and local businesses draws a strong lunch crowd who enjoy the “Mom and Pop” food specials on the menu.
      The casual dining feel is blended with an Alpine ski lodge look, with pine booths and a large wood and stone awning around the bar.  Beer drinkers are treated to 19 drafts on tap, and 50 kegs are always kept ready in the 40x10 walk-in cooler.  Seating for 150 is spread between bar stools, booths and tables, and the 5,000-sq. ft. building feels even more spacious with the high, open ceilings.
      The current owner averages 20 hours/week managing 26 employees and helping out where needed.  There is a full-time manager in place who could easily handle these duties, but a part-time person would be needed to cover her days off.
      Open 7 days a week, patrons have an extensive food and spirits menu to choose from, and are quick to utilize the 40x20 outdoor patio when the weather is nice.
      A buyer paying 20% down ($113,000) would net $182,506 after debts the first year, representing a 161% return.  As the only bar in the neighborhood, a new owner could easily increase profits by capitalizing on nearby sporting event traffic.

      Print Listing
  • Lease / Asset Information
    • Rent Rent Deposits
      Lease Ends
      Accounts Receivable Square Feet
      Inventory Inventory Included No
      Furniture, Fixtures, and Equipment (FF&E) FF&E Included No
      Other Assets Assets Included No
  • General Business Info
    • Other Information
      Employees Part Time Employees
      Hours Open Days Open
      Year Established
      Selling Reason
      Property Features
  • Images
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About the Broker....

The Firm Business Brokerage

Cortney Sells
11550 West Dodge Road
Omaha, Nebraska 68154
Phone: 402.998.5288
Fax: 402.939.0857
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Contact Name Cortney Sells
Phone # 4029985288

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