Popular Bar & Grill: Owner had to move

Not Disclosed, NE
Douglas County


Asking Price: Annual Revenue:
$890,000 $1,244,712

Food & Beverage: Bars, Clubs, Nightspots


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RE: Popular Bar & Grill: Owner had to move Broker: Cortney Sells
Owner Financing is Available!
10% Buyer Down Payment $89,000 10% Seller Financing $89,000 80% Bank Loan $712,000

Quick Facts

Asking Price: $890,000
Annual Revenue: $1,244,712
Net Profit: Not Disclosed
Cash Flow: $310,514
Total Debt: Not Disclosed
FF&E: $132,704
Real Estate: Not Disclosed
Year Established: 2012
Employees: 22
BBN Listing #: 186834398
Broker Reference #: RST009-G

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Business Overview:

Having been established since 2012, this local bar and grill has been a fan favorite for its diverse repeat client base. With a wide array of signature bar-food and plenty of drinks on tap, this local eatery has diversified their menu by listening to their patrons. The current owner holds a passive role in this business, only 5-10 hours a week by phone as she has moved to Western Nebraska. During those hours the owner is focused on the financials of the business and holds meetings with
the trusted members of management. The 22 person staff consists of 3 full-time managers with the remaining 19 part-time associates controlling the day-to-day restaurant operations. Currently this business opens their doors to the public at 3PM allowing the happy hour crowd a place to unwind but the owner has noted that there is an opportunity for growth if the new owner extends these hours earlier in the day to allow for a lunch rush. Priced at $890,000 the owner has made the decision to sell $100,000 below fair market value because she had to move several hours away to care for family.

Excellent marketing in the recent years has led to great success as most weekends are standing room only in their space of over 3,800 square feet. Fear not, this business comes with over $130,000 in assets so that the buyer can continue to handle this high volume of customers. Key opportunities for additional growth include expanding business to accommodate the local lunch rush (for which new staff could be hired on) and potentially opening a secondary location to meet the continually increasing local demand. This business has an excellent local reputation and is well known in the area as the place to go for specific pallet cravings.

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Property Features and Assets:

Furniture & Fixtures: $26,775; Equipment: $105,929.

Market Competition and Expansion:

Extend business hours to serve lunch | Start a second location.

Reason for Selling:

Moved to Western Nebraska to be closer to family.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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