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Steakhouse And Bar In Nebraska For Sale

Nebraska, US
Asking Price:
$575,000 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$1,007,000 (USD)
Cash Flow:
$177,000 (USD)

Operating from its headquarters in Eastern Nebraska, the company is a full-service restaurant and bar specializing in steaks, prime rib, seafood and other specialties, along with beer and wine. Revenue Breakdown by Market: Dine-in: 94% and Catering: 6%. The 4,000-square foot facility has an occupancy of 140 and is owned with an option to lease or purchase additionally. The facility includes a full commercial-grade kitchen and bar, dining area, catering equipment and office space. With knowledgeable servers and skilled cooks, this steakhouse restaurant has an excellent rating from customer reviews, averaging at 4 stars. The company has a proven track record, supported by 68 years of ongoing business and local award recognition. With a fine menu of food and beverage selections, marketing efforts focus on targeting residents within the local area. The new owner might find a market for growth with stronger marketing efforts for the catering side of the business. Revenues have been steadily increasing over the past five years due to a strong local reputation. Last year, total revenues were $1,007,000 with an SDE of $177,000. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones.

Property Information

Real Estate:

Real Property Included

Business Operation

Reasons for selling:

Approaching the right buyer

Trading hours:

Monday-Thursday 5 pm-10 pm, Friday-Saturday 5 pm-10:30 pm & Lounge 3 pm-10:30 pm

Employees:
27
Years established:
1997

Other Information

Support & training:

While the owners are available for a reasonable transitioning, this business is well staffed and the employees would most likely stay on.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Negotiable for the right buyer

Furniture / Fixtures value:
$130,000 (USD) - included in the asking price
Inventory / Stock value:
$20,000 (USD) - included in the asking price

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