Oklahoma Lake Restaurant For Sale #11097
Real Estate Included in Sale
This mouth-watering restaurant for sale was founded in 1957 and has been under current ownership since 1986. This prime establishment is known primarily for quality and wonderful variations of foods, deserts and steaks that are specially aged northern prime beef cooked over live charcoal. They are also known for their BBQ and smoked meats, chicken, burgers and sandwiches and their famous homemade desserts and ice cream. They are very well recognized for their high quality service, with bright and enthusiastic owners and waiters who are always willing to help. Over the years the business created a great and loyal customer base. The management in place is outstanding as is the staff. Reputation, recognition, quality products and personnel make this company a great opportunity for a new buyer. Please call today for this profitable opportunity!
This one level facility is located on a one acre plus and totals 7,000 sq. ft. with a blacktop parking area. The building was recently remodeled and has room to be expanded if needed. The restaurant is located on a State Hwy in Oklahoma with good visibility and a lot of parking space, near one of the most beautiful lakes in Oklahoma
Corporate Structure and Ownership:
This restaurant currently employs 4 full-time and 18 part-time employees. The business could be expanded by adding catering services, breakfast menu, and Sunday brunch and by increasing advertising. A new owner could also diversify by expanding the menu.
Motivation for the Sale:
The current owner is ready to retire and agreed to stay on through a reasonable transition period to acclimate you to the business, the employees and clientele. Financials on the Company can be provided upon executing a NDA with Seller.
Annual Gross Revenues 2017: $460,715
Annual Owner’s Cash Flow: $171,258
Inventory: $6,000 (to be adjusted at closing)
Real Estate Value: $495,000,000
Real Estate: Owned and included in the sale
For More Information on this Landmark Restaurant:
W. Brad Troutman