Restaurant and Bar

Not Disclosed, OK
Cleveland County

Asking Price: Annual Revenue:
$600,000 $674,400

Food & Beverage: Bars, Clubs, Nightspots

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RE: Restaurant and Bar Broker: Geary Welch

Quick Facts

Asking Price: $600,000
Annual Revenue: $674,400
Net Profit: Not Disclosed
Cash Flow: $117,183
Total Debt: Not Disclosed
FF&E: $505,619
Real Estate: Not Disclosed
Year Established: 2019
Employees: 17
BBN Listing #: 46194955
Broker Reference #: 6501-15533

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Business Overview:

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.

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Property Features and Assets:

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 5,700 Square Feet inside and 2,000 Square Feet 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 $7,700 per month which is very reasonable for this prime Campus Corner location. Assets=$737,231

Market Competition and Expansion:

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. 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.

Reason for Selling:

The Owner has other businesses and other business

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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