37472- Full Service Steakhouse and Bar

Financial & Assets Details

About the Business

Business Description

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.

Seller Financing

Negotiable for the right buyer

Support & Training

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

Reason for Selling:

Approaching retirement