MergerPlace

Restaurant and Bar

Oklahoma (Cleveland)


  • Asking Price: $793,000
  • Gross Income: $674,400
  • Cash Flow: $117,183
  • Real Estate: Not Disclosed
  • Inventory: $38,967
  • FF&E: $505,619
  • Listing ID: #219206
  • Established: 2019
  • Employees: 3 FT/14 PT

Business Description

This hot concept bar and restaurant near the OU campus is available for acquisition and ready for a new owner to take this concept to the next level. The new design is in ready for a new owner. The restaurant serves the best food in the area and has a happening full liquor bar delivering delicious libations throughout the day. Upon entering the establishment, one will quickly see the professional detail and architecture with a no expense spared approach as the entire build was directed by a vision for quality and service. The seating capacity is over 240 inside and 100 outside. This bar and restaurant for sale is a restaurateur’s dream, with a beautiful build out, fully equipped commercial kitchen. Included in this sale will be everything you need in the kitchen to make anything you want to put on the menu such as grill, flat top, fryers, hood, grease trap, smoker, hot and cold stations, salamander, walk-in refrigerator, walk-in freezer, walk-in beer cooler and much more.


Business Details

Primary Business Category: Retail Trade - Beauty Salons, Barber Shops
Location: Oklahoma
County: Cleveland

Company Information

Year Established: 2019
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT/14 PT

Financial Information

Asking Price: $793,000
Gross Revenue: $674,400
Cash Flow: $117,183
FF&E: $505,619
Inventory: $38,967
Seller Financing Available: No

Property Information

Facilities:

The business is located less than a 2 minute walk to The University of Oklahoma campus and Football Stadium. The business has 27 big screen TV's and is especially packed on Sooner, OSU, college and pro game days. You won't find a more turnkey restaurant opportunity with untapped upside potential in flourishing Norman Oklahoma and Campus Corner. This facility has a kitchen which produces a menu in line with the sports fan and college aged and young adult customer base. The total square footage of the restaurant is 5700 SF inside and 2000 SF of outside dining with an additional outside bar area. The maximum capacity of the facility is 340 persons including the patio. The rent per month is a reasonable 7700 per month which is very reasonable for this prime Campus Corner location.

Growth & expansion opportunities:

The potential growth is tremendous for this business due to its recent update and re-branding. The current owner spends an hour or two a week at the restaurant/bar. This is the best Sports Bar and Restaurant in the Campus Corner area. This is a rare opportunity to own a very successful full service restaurant and lively sports bar/pub with big screen TV's and DJ. The business has a tremendous following of loyal customers. This is "The Place" to go for OU party goers and those looking for a fantastic dining experience in the area. For the right qualified buyers this is a "gold mine" opportunity, that comes along very in-frequently and you don't want to pass on it.

Competition:

There is competition in the area but this prime Campus Corner location as always been packed with the faithful football fans and local university students. This bar and restaurant for sale is a restaurateur’s dream with restaurant sales averaging over $56,000.00 per month since opening.

Reason for selling:

The Owner has other businesses and other business interest.

Support & Training:

Will train for 2 weeks @ no cost. Beer, Bar food, and 7 TV's for game days are the order of the day for this gem. An Oklahoma Liquor License is required to own and operate this business. This newly built out location in summer 2019 includes an amazing bar, DJ area, dining area and patio. The kitchen includes very large prep area with a large walk in cooler and office.

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Business Listed By:

Geary Welch

Murphy Business Brokers