Business Overview:
This West Omaha grill has 3 full time managers who excel at running the day-to-day operations, allowing for absentee-ownership! This business is valued at $1.4M. However, the owner has another business that demands more time, so they are selling it for $975,000! With a full staff already in place and a fantastic local reputation; this is the perfect business opportunity for first time or current business owners. Operating since 2012, this restaurant takes pride in providing gourmet bar food and a variety of locally brewed craft beers to its patrons. Excellent marketing in the recent years has led to great success, with most weekends being standing room only. 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 growth include expanding business to accommodate the local lunch rush (for which new staff could be hired on) and potentially opening a second location to meet local demand. With a staff of 17 Part Time and 3 Full Time, the current owner handles bank deposits, social media marketing, as well as daily errands.
Priced at $975,000, a 15% down payment of $146,250 returns $263,451 in the first year after debt payments – 176% return on investment. With a prime location in Omaha and a growing customer base, this is not an opportunity to miss out on!
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Market Competition and Expansion:
$6,136/month | 3,168 square feet (inside) | 640 square feet (patio)
Reason for Selling:
Owner has another business.
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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