Broker Login
BuyABiz Listing Details
  • Listing Information
    • 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
      Summary
      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
      Training
      Selling Reason
      Property Features
  • Images
    •  
Additional Listings by this Broker
midwest-manufacturing-company Midwest Manufacturing Company
The products are manufactured at their Nebraska plant anddistributed across North America.  Salesand management staff are in place and are equipped to handle operations.  Over 50% of sales are throughout retailstores, with the majority of t....
State:  Nebraska
Asking Price:  $860,000.00
Gross Sales:  $1,744,053.00
cryotherapy-spa-with-great-buildout Cryotherapy Spa with Great Build-Out
        Financial Overview List Price:$90,000 Gross Sales 2017: $113,403 Annualized Owner Profit/Cash Flow 2017: $15,460 Annualized Valuation:   Cost to Create –  It would take far more time and ene....
State:  Nebraska
Asking Price:  $90,000.00
  
booth-rental-salon-on-center-street Booth Rental Salon on Center Street
Financial Overview List Price:$65,000 Gross Sales  2016: $119,229 2015: $141,230 Owner Profit/Cash Flow 2016: $58,532 2015: $48,082 Profit Margin: 34% Valuation:  Cost to Create – already established and completely built out, a ne....
State:  Nebraska
Asking Price:  $65,000.00
  
pr-event-firm-with-political-edge PR & Event Firm with Political Edge
List Price - $210,000 - Marketing and strategic development efforts on the part of this PR & event agency have raised $175M for candidates and non-profits since 2005. With a focus on politics, this is a great niche add-on for a marketing or ....
State:  Texas
Asking Price:  $210,000.00
Gross Sales:  $299,052.00
2location-large-animal-vet-practice 2-Location Large Animal Vet Practice
Specializingin cattle operations, this two-location large animal vet practice is up forsale. Owned and operated by 3 practicing DVM’s, the sellers are looking toslowly transition out of the operation over the next 3 years, and are lookingfor an abs....
State:  Nebraska
Asking Price:  $1,400,000.00
Gross Sales:  $2,458,487.00
Page size:
select
Page: of 7
Items 1 to 5 of 35
About the Broker....

The Firm Business Brokerage

Cortney Sells
11550 West Dodge Road
Omaha, Nebraska 68154
Phone: 402.998.5288
Fax: 402.939.0857
Broker's Website
My BuyABiz Listings
Contact Broker About This Listing...

Contact Information

Contact Name Cortney Sells
Phone # 4029985288
 

Request Information

First Name
Last Name
E-Mail
Phone
Timeframe
Available Amount Down
Comments
CAPTCHA image
Enter the code shown above in the box below
Register for Updates
Similar Listings
There are no items to be displayed.

The information for this listing was received from the Seller, and is not guaranteed. Neither the Broker nor BuyaBiz has verified the listing information, and the Broker does not ensure the accuracy of the listing details. The User is solely responsible for verifying all information. BuyaBiz does not ensure the accuracy of, endorse, or recommend any listing.