Popular Restaurant/Tavern $205,000 - Great Location

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Asking Price:
$205,000

Gross Revenue:
$475,000
Cash Flow:
$70,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
included in asking price

FF&E:
$30,000
included in asking price

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Business Description

Established full restaurant and bar offering steaks/prime rib/seafood/chicken/burgers on and near major thoroughfares in Lincoln area. Family ownership for 40+ years has generated loyal clientele and solid reputation for good food and fun. Located in close proximity to popular entertainment/sports venues and three lakes!

The entire restaurant building is over 4,500 sq. ft., together with a new outdoor beer garden & dining area. The restaurant surroundings feature a large asphalt parking lot and a 2,100 sq. ft. two-story residence that could be used by an owner or manager. This is an excellent opportunity with solid growth potential via multiple paths.

Contact Tom Freimuth, Business Broker, Results Business Advisors, tom.freimuth@resultsba.com, 402-212-6979, for complete details or to arrange a private tour with the seller.

About the Business

Location:
Lincoln, Nebraska
Year Established:
1959
Number of Employees:
16 - 4 FT, 12 P
Relocatable:
Yes
Real Estate:
Leased
Building Sq. Ft.:
4,500
Rent:
$0.56 Per Month
Lease Expiration:
10/31/2023
Facilities:
Ample room yet cozy & quaint atmosphere. Bar area offers excellent tavern experience. Ample parking adjacent to major thoroughfare and in close proximity to interstate and other major thoroughfares.
Market Outlook/
Competition:
No competition within five mile circumference.
Growth & Expansion:
Due to location and proximity to major sports/entertainment venues, this investment provides a unique growth and profit opportunity. The business is situated on 3.8 acres of land with development potential - while the land is leased, purchase thereof is a possibility.
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About the Sale

Reason For Selling:
Pursue other opportunities.
Training/Support:
One month minimum.

Listing Info

ID:
1593683
Ad Detail Views:
0

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Business Listed by

Tom Freimuth

Results Business Advisors

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Sponsoring Broker:

Evan Meester
Results Business Advisors

U.S. Census Data for Lancaster County, NE
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Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

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

U.S. Community Survey Data for Lancaster County, NE
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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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