Landmark Tulsa Restaurant

Tulsa, OK (Tulsa County)

Seller Financing Available
Landmark Tulsa Restaurant
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Asking Price: $499,000

Cash Flow: $242,426

Gross Revenue: $1,062,206

EBITDA: N/A

FF&E: $100,000

Inventory: $4,000

Rent: $3,000 /Month

Established: N/A

Landmark Tulsa Restaurant

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Business Description

Anyone can cook a burger. But, to cook a great burger that customers come back for every week requires a recipe for success that few restaurants have achieved. And, to keep serving the 2nd and 3rd generation of many Tulsa families year after year can be both rewarding and very profitable. It is not very often that one has the opportunity to acquire this kind of Landmark Tulsa operation. Upon entering this restaurant, one steps into the past when life was less complicated and menus were simple. The sound of happy families fills a nostalgic atmosphere that brings back those special memories.

With historical sales consistently over $1,000,000 every year providing the owner/operator over $200,000 in cash flow after expenses, it should not take long to recover your investment. Terms available to qualified buyers with complete training and familiarization available going forward.

Detailed Information

Location:
Tulsa, OK
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,000
Lease Expiration:
N/A
Employees:
24
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Well established location on a major Tulsa artery with great exposure and parking.
Competition:
Competition for restaurants in Tulsa is well established and changing every year.
Growth & Expansion:
Relying primarily on reputation and word of mouth, there are opportunities to increase revenues through use of social media and more targeted advertising. Catering (already profitable) could be expanded as well.
Support & Training:
Up to 30 days after closing based on a mutually agreeable schedule.
Reason for Selling:
After many years in the industry, Seller is experiencing some burnout
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(from currently available funds)
 
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Michael Chapman

Business Listed By:
Michael L. Chapman

Business Transitions, LLC

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