Island Bar & Grill – Elevated Food, Full Bar & Live Entertainment

Asking Price$260,000

Cash Flow
Not Disclosed

EBITDA

Gross Revenue$575,595

Inventory$8,500
Included in asking price
FF&E$94,000
Included in asking price
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Island Bar & Grill – Elevated Food, Full Bar & Live Entertainment


Asking Price$260,000

Cash Flow
Not Disclosed

EBITDA

Gross Revenue$575,595

Inventory$8,500
Included in asking price
FF&E$94,000
Included in asking price
Business Description
Opportunity to acquire Island Bar & Grill, a long-established La Vista bar and restaurant offering an island-themed atmosphere, elevated food, full bar service and a popular lineup of live entertainment. Conveniently located near I-80, the business combines the feel of a neighborhood bar with a substantial food program and commercial kitchen that supports a menu well beyond typical bar fare. The location also benefits from significant nearby hotel activity, with ownership reporting approximately 900 hotel rooms will be within a five-minute walk following completion of a new hotel currently being built directly behind the business.

Current ownership acquired the business in March 2023 and has rebuilt its customer base and reputation through improved food offerings, customer service, entertainment and marketing. Revenue increased to approximately $552,000 in 2024 and $576,000 in 2025. Through July 2026, the business generated approximately $345,000 in revenue, continuing the sales pace established over the prior two years.

Ownership estimates the current sales mix at approximately 55% beverage and 45% food. Live music, karaoke and music bingo are major traffic drivers and produce some of the business’s strongest sales periods. The Island name has been associated with the location for nearly two decades, providing a buyer with an established identity and customer base while still leaving room to further develop or refresh the concept.

One of the standout features of the business is its kitchen. Ownership considers it one of the stronger bar-and-grill kitchen setups in the Omaha metro, allowing the restaurant to offer a broader and more elevated menu than a typical neighborhood bar. The sale also includes a full bar setup, SpotOn POS system, furniture, televisions, AV and entertainment equipment and other operating assets. An established staff is in place to support continued operations following a transition.

Detailed financial and operating information is available to qualified buyers following execution of a confidentiality agreement. Please direct all inquiries to the listing brokers and do not contact the owners or employees directly.
About the Business
Years in Operation
19
Employees
8 (2 Full-time, 6 Part-time)
Established team includes 1 FT chef, 2 PT chefs, 1 FT bartender & 4 PT bartender
Facilities & Assets
Island Bar & Grill occupies approximately 2,528 SF of leased space in La Vista and includes a full bar, dining/entertainment area, patio and substantial commercial kitchen. The kitchen features a hood system, walk-in cooler and freezer, commercial cooking line, fryers, refrigerated prep tables, dishwasher, ice machine and extensive prep/storage equipment. Front-of-house assets include seating, TVs, projectors, audio/entertainment equipment, bar equipment and island-themed décor. The current lease extends through January 15, 2029. Base rent is approximately $5,762/month, plus CAM, taxes, insurance and other applicable lease pass-throughs. Lease assignment is subject to landlord approval.
Website
Show Website URL
Market Outlook / Competition
Island Bar & Grill differentiates itself from a traditional neighborhood tavern by combining full bar service, an elevated food offering and recurring entertainment in a distinctive island-themed setting.

Live music, karaoke and music bingo have become important traffic generators, with ownership reporting some of the business’s strongest sales during entertainment events. Current ownership has also rebuilt awareness and reputation through customer service, improved food, marketing and stronger online visibility.

The approximately 55% beverage / 45% food sales mix provides meaningful revenue from both bar and restaurant operations rather than relying exclusively on either category.
Opportunities for Growth
A new owner has several opportunities to further grow the business. Current ownership has done limited direct outreach to nearby hotels, sports teams and event traffic, despite already seeing regular interstate and traveler business. Ownership reports that, with a new hotel currently under construction directly behind the business, approximately 900 hotel rooms will be located within a five-minute walk. This creates a significant opportunity for hotel partnerships, guest promotions and direct marketing to travelers.

Additional upside may come from developing the lunch business, targeting nearby sports and tournament traffic, increasing private parties and group events, expanding entertainment programming, and making greater use of the existing patio. Longer-term opportunities may also include patio expansion or additional adjacent space, subject to landlord availability and approval.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
2,528
Rent
$5,762 per month
Lease Expiration
1/15/2029
About the Sale
Seller Motivation
Retirement and desire to spend more time with family.
Transition Support
Seller is willing to assist with transition of key vendor and entertainment relationships, recurring event programming, and the operating systems that support the current business. Transition support can be tailored to the buyer’s experience and needs.
Listing Info
ID
2557140
Listing Views
Business Location

Listing ID: 2557140 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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