Well known Italian Restaurant
Restaurants & Food Businesses for Sale
- Primary Category: Italian Restaurants for Sale
This listing is for a very well-known successful and highly profitable Italian restaurant located in southwest Oklahoma. It has serviced the community for more than 25 years. This is a destination place for the locals and surrounding communities. This popular restaurant offers a potential buyer a business that has thrived for years. The business and the property are for sale.
This diversified restaurant offers private events, catering, take out and an outstanding dine-in experience with some of the finest Italian food around. The business boasts a rich variety of authentic Italian bakes along with classic dishes menu as well as an exceptional pizza. The historical setting is 7,200sqft with 1,780sqft of dedicated dining, 1,125sqft Kitchen Cook/Prep, 875sqft Gourmet Coffee/Espresso Bar, 360sqft dedicated Dish/Ware Washing, 245sqft office, 7 Restrooms and 1-8x10 Walk in Freezer and 1-8x10 Walk in Refrigerator. The restaurant is currently open 3 days per week or 150 days per year. In 2023 they had 36,559 guest that dined and sold over 18,000 cups of gourmet coffee.
A new buyer could grow the business even more by opening 5 to 6 days per week. This is an outstanding turnkey opportunity for a buyer with restaurant knowledge and experience.
The current owner is grateful to the community for the continued support and friendships built throughout the years, but it is time to slow down and focus on his current full-time job.
The property is on main street downtown in a small southwest Oklahoma community. The current owners have made major updates to the facility including a new roof, new A/C units, doors and windows. You just have to see this property and business to understand the true ambience associated with the business.
Financial Information
- $532,000 Asking Price
- $216,191 Cash Flow
- $1,086,274 Gross Revenue
Business Location
- City: Confidential
- State: Oklahoma
Reason for Sale
- Seller is ready to focus on his full-time job and spend time with his family.
Detailed information
- Year Established: 1996
- Home Based: No
- Franchise: No
- Relocatable: No
- Lender Prequalified: No
- SBA Prequalified: No
- Full-Time Employees: 7
- Part-Time Employees: 18
- Contractors: N/A
- Owner Worked Hours/w: 40
- Inventory Included: Yes
- Inventory Value: $8,000
- Real Estate Available: Yes
- Real Estate Included: No
- Real Estate Value: $650,000
- Building Size: 7200
- FF&E Included?: Yes
- FF&E Value: $141,000
Training/Support
- Negotiable - Owner is willing to stay on for an agreed timeframe based on buyers experience.
Facilities
- Historical 7,200sqft building with major upgrades. The building has been well maintained over the last 5 to 6 years.
Market Outlook/Competition
- There are a few restaurants in the area, but most are Fastfood restaurants. The competition is very limited.
Real Estate Description
- Historical 7,200sqft building with major upgrades. The building has been well maintained over the last 5 to 6 years.
Business Listed by
Terry Sorrells
Sunbelt of Oklahoma CityContact Business Broker
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