High-Volume Steakhouse

Listing Number: 06471-87884

Description

This high-volume steakhouse was originally established in the early 1980s. It has a well-known history of providing excellent customer service and top quality food in an open and inviting environment.

Serving around a quarter of a million patrons the finest food each year, this restaurant has developed a tremendous customer and referral base.The menu sets this establishment apart, offering products that nearby restaurants do not serve, which makes it appealing to all walks of life. This family style steakhouse is an attractive destination for a wonderful meal, excellent customer service and a collection of entrees, all at a fair price.

With a full staff in place, including management, this business is well positioned for a smooth ownership transition.

The sales price INCLUDES real estate with ample parking, all furniture, fixtures and equipment necessary to carry on the successful operation. Professionally prepared financials have proven a history of consistent revenue and profitability. Net earnings sufficiently cover debt service for real estate and business assets, with considerable owner compensation remaining.

Listing Details

  • Price: $1,300,000
  • Down Payment: $0
  • Sellers Discretionary Earnings: $324,081
  • Total Sales: $2,653,929
  • Location: Withdrawn, Oklahoma

  • Inventory: $11,566
  • FF&E: $40,000
  • Employees: 0
  • Year Established: 1981
  • Reason for Selling: Ready to retire
  • Category: Restaurants

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