MergerPlace

Bar and Grill

Oklahoma (Oklahoma)


  • Asking Price: $70,000
  • Gross Income: $313,551
  • Cash Flow: $18,998
  • Real Estate: Not Disclosed
  • Inventory: $15,000
  • FF&E: $17,000
  • Listing ID: #196675
  • Established: 2014
  • Employees: 1 FT/7 PT

Business Description

This lively spot has a great beer & cocktail selection along with a great bar menu and hosts live entertainment and great happy hour specials. The restaurant is designed with a clean look, warm colors, rich wood and artwork throughout. The company's goal was, and still is, to provide great food made fresh and exceptional service at affordable prices along with fine spirits, wine and beer. The restaurant was based on the fine tradition of providing fresh exciting food, premium cocktails and beer in an inviting and casual atmosphere. This popular restaurant and bar is known for its wide selection of Craft Beers and delicious food. This is a wonderful opportunity for a new owner to carry on the legacy this popular restaurant bar has established in the OKC county area. The business is known for its excellent food, wonderful service and special atmosphere. The facility consists of a professional commercial kitchen, a full dining room with lots of available seating. The business generated yearly gross sales of $314,000 in 2015 consisting of 50% liquor and 50% food sales and can provide a stable net income to the operator. The current owner has other business obligations so currently this establishment is only open 5 days per week for a total of only 24 hours. A new energetic owner could easily double those hours. The restaurant has a square footage of 1350 with a seating capacity for approximately 38 customers. The facility has plenty of parking. The business has a full staff of seven plus experienced employees. Viewings are by appointment only. This is a great opportunity for an audacious entrepreneur, a greatly located Oklahoma County. Lots of equipment, furniture and POS system are included. The owners are downsizing because they have other business interest. The business is priced to sell quickly and a real deal. The seller is very motivated to sell.


Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Oklahoma
County: Oklahoma

Company Information

Year Established: 2014
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 1 FT/7 PT

Financial Information

Asking Price: $70,000
Gross Revenue: $313,551
Cash Flow: $18,998
FF&E: $17,000
Inventory: $15,000
Seller Financing Available: No

Property Information

Facilities:

This business is located in a in a strip center in a town in Oklahoma county in the OKC area and located on an active road with lots of drive by traffic. This popular restaurant and bar consists of 1350 square feet. The business has a large attractive forty seat bar. his is a well maintained and popular restaurant and seats approximately 100 and is located in an up-scale business shopping area with a high traffic flow on a four lane urban highway. The rent is a reasonable $2,750.00 per month.

Growth & expansion opportunities:

The present owner maintains a basic business with little marketing position and by instituting an advertising plan the business can be improved. This restaurant is in a great market area with easy access and plenty of parking. A new owner could easily attract more business to this restaurant/bar by offering various food and beverage, or other specials. Sales and earnings can easily be increased by expanding daytime hours and opening on Sundays and Mondays, and expanding social media. The business currently has a website.

Competition:

The business has limited competition in the area and no other similar style restaurant businesses are in this general area. The seller will supply a non-compete to the new operator. There are other restaurants in the area, but this restaurant/bar has a unique and pleasant atmosphere to offer customers who appreciate good food and good service. There are other restaurants/bars in this city but few with the charm of this local watering hole.

Reason for selling:

Owner has other business interest and does not have the time to devote to the restaurant.

Support & Training:

Will train for 2 weeks @ no cost.

Contact Business Seller

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Business Listed By:

Geary Welch

Murphy Business Brokers