Fun Bar by Major Hotels
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 $4,635 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
- Years in Business: 9
- 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.
- Kitchen leased to chef for $1,500/month
- Reason for Selling: Planned retirement strategy
- Employees: 2 FT Bartenders/Servers/Keno and 4 PT Servers
- Bar:11AM-2AM Mon.-Fri.,2PM-2AM Sat. and Sun.
- Grill: Mon.-Fri. 11AM-2PM, 4:30 -10PM, Sat.-Sun. 2:30 -10PM
- Seller Training Period: 90 Days
- 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
- List Price: $147,000
- Gross Sales 2016: $330,451
- $54,723 in sales during January and February 2017
- Gross Sales 2015: $354,928
- Gross Sales 2014: $350,069
- 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
*amounts may vary
The Firm Business Brokerage used a Cost to Create Valuation methodology to determine the Purchase Price of the business.
Purchase Price: $147,000
30%Buyer Down Payment: $44,100
20%Seller Financing: $29,400
50%Bank Loan: $73,500
Seller Financing 5-year term at a rate of 4.5% equals a monthly loan payment of $548.
Bank Loan 7-year term at a rate of 5.25% equals a monthly loan payment of $1,047.
Please note that the decision of whether to extend a loan on any sale belongs to the bank, and this document does not guarantee specific terms or verify that financing is available.
Offer Price: $
% Buyer Cash Down at Closing: $
% Seller Carry Back via Promissory Note: $
year term at a rate of %
% of Purchase Price secured by Buyer and Seller
Total Bank Loan Need: $
% of Purchase Price
Desired Loan Type:
Desired Bank Terms: year term at a rate of %
Total Business Assets, Inventory, and A/R: $
Total Undercollateralized Loan: $
|Monthly Payment to Bank:||$|
|Yearly Payment to Bank:||$|
|Monthly Payment to Seller:||$|
|Yearly Payment to Seller:||$|
|Total Monthly Debt Service:||$|
|Total Yearly Debt Service:||$|
Fixed Charge Coverage Ratio
The bank will require a minimum ratio of 1.5 to be lendable.
|Annual Debt Service:||$|
Buyer's Net Operating Income (NOI)
The amount of money the Buyer will retain as profit.
|Annual Debt Service:||-$|
Buyer's Return on Investment (ROI)
The rate of return on the Buyer's down payment.
|Document Title / Description|
This folder is empty.
Access to this Deal Room is restricted
Would you like to access the deal room?Yes, please
Already have an account? Log in here.
Print, sign and send to:210 N 78th St. 2nd Floor
Omaha, NE 68114
Or fax to: