Fun Bar by Major Hotels

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Asking Price:
$147,000

Gross Revenue:
$330,451
Cash Flow:
$59,481
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$8,000
included in asking price

FF&E:
$31,710
included in asking price

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Business Description

With continual development in the area, this bar and grill is in the prime location for success! When it comes to the developing areas in Omaha, this is one to watch. The neighboring $200MM project will bring apartment complexes, 300,000 sq. ft. of office space and neighborhood retail and an amphitheater in close proximity to this retail hot spot. Sporting a unique theme that lures in a mix of consistent locals and fresh out of town visitors, the bar hosts competitive dart leagues throughout the week, Keno and karaoke on the weekends to keep the place busy.

This business has been open for 9 years and has a capacity of 105 patrons. They recently added a cozy fenced in patio with wind protection for smokers. There are two full time bartenders/ servers and five part-time servers/bartenders that take care of the customers. The lease is $6,058 per month for 2,500 square feet. Selling the business as a part of a planned retirement strategy, the current owner is responsible for cleaning, inventory management, vendor relations, bookkeeping, bank deposits and payroll. There are growth opportunities in advertising on social media, establishing B2B relationships with nearby businesses and other forms of low cost or free advertising.

About the Business

Year Established:
2007
Number of Employees:
7
Real Estate:
Leased
Building Sq. Ft.:
2,500
Facilities:
Location and Service Area: Prime expanding retail location in southern Metropolitan Omaha Area
Capacity: 105
Lease: $4,635 per month for 2,500 sq. ft.
Market Outlook/
Competition:
Hours: Bar:11AM-2AM Mon.-Fri.,2PM-2AM Sat. and Sun. Grill: Mon.-Fri. 11AM-2PM, 4:30 -10PM, Sat.-Sun. 2:30 -10PM

Assets Included in Purchase: $68,300
Equipment: Walk in Freezer/fridge $18,000, kitchen hood $13,700, dishwasher, misc. equipment
Intangible Assets: Website
Build-out: $180,000
Inventory: $8,000
Growth & Expansion:
Growth Opportunities: Use social media venues, B2B marketing with nearby establishments, advertise
Current Owner’s Responsibilities: Cleaning, inventory management, vendor relations, bookkeeping, bank deposits, payroll
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About the Sale

Reason For Selling:
Planned retirement strategy
Training/Support:
Seller Training Period: 90 Days
Seller Financing:
20%

Listing Info

ID:
1330618
Ad Detail Views:
425

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  Business Summary (688 KB)
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U.S. Census Data for Douglas and Sarpy Counties, NE
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Douglas and Sarpy Counties, NE
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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