Business For Sale

Classic Steakhouse in Downtown Omaha

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$518,000 $1,105,033

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Classic Steakhouse in Downtown Omaha Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $518,000 15% Buyer Down Payment: $77,700 15% Seller Financing: $77,700 70% Bank Loan: $362,000 A 15% down payment of $77,700 returns $82,607 in the first year after debt payments!

Quick Facts

Asking Price: $518,000
Annual Revenue: $1,105,033
Net Profit: Not Disclosed
Cash Flow: $157,171
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 1995
Employees: 20
BBN Listing #: 319834398
Broker Reference #: RES097

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Business Overview:

With 20 employees, this restaurant is fully staffed for its capacity including a full-time kitchen manager. Able to manage a low-key weekday evening as well as fully book weekends, the staff has experience and is very reliable.

In an incredible, historic building, this restaurant offers over 6,000 square feet of space with an atmosphere perfect for a client meeting or a romantic evening. The historical charm that delightfully remains, adds warmth and richness to the rooms. This restaurant is open for dinner only. Food sales account for 70% of income, while alcohol sales make up the remaining 30%.

Serving locally sourced premium cut steaks, this Omaha institution is a favorite among both the local and out-of-state crowds. With an upscale menu, excellent service, and delicious cocktails, diners are treated to a memorable night out in downtown Omaha. The menu is a steak-lovers dream, with all the favorite steakhouse selections as well as seafood, salads, and delectable desserts.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

6,000+ square feet at $7,600/month, dining room, private dining rooms, bars, restrooms.

Market Competition and Expansion:

Growth Opportunities: Advertise, build additional relationships with concierges, increase customers to meet capacity, open for lunch with modified menu.

Reason for Selling:

Retirement

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.

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