Popular Restaurant with Skilled Management

Not Disclosed, NE


Asking Price: Annual Revenue:
$890,000 $1,179,356

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Popular Restaurant with Skilled Management Broker: Seller of Business

Quick Facts

Asking Price: $890,000
Annual Revenue: $1,179,356
Net Profit: Not Disclosed
Cash Flow: $289,004
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 20
BBN Listing #: 282134398
Broker Reference #: RST009-D

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Business Overview:

This NE based restaurant has a 25% profit margin and plenty of repeat clientele. With a unique and diversified menu, known as gourmet bar food and signature meals and drinks, this restaurant is a hit in the Omaha and surround areas, even during the pandemic. Excellent marketing in the recent years has led to great success, with most weekends being standing room only. The current staff consists of 3 full-time managers, 17 part-time workers including cooks, hosts, and servers. With this established and skilled staff, the current owner only handles general management, and new ownership would easily be able to transition to being fully absentee owned! This business comes with all of the furniture and equipment needed to continue on their current growth path including a total of $132,704 worth of assets.

With a welcoming patio, multiple TVs, and games (including Keno!) this local treasure is sure to remain successful in the years to come! 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.

Priced at $890,000, a 12.5% down payment of $111,250 returns $158,853 in the first year after debt payments! With a prime location in Omaha and a growing customer base, this is not an opportunity to miss out on!

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Property Features and Assets:

Assets Included in Purchase: $132,704; Furniture & Fixtures: $26,775; Equipment: $105,929.

Market Competition and Expansion:

Growth Opportunities: Extend business hours to serve lunch | Start a second location | Allow takeout app service.

Reason for Selling:

Owner has another business.

Additional Details:

  • The property is leased.
  • The owner is not 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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