LONE GROVE, Oklahoma
| Asking Price |
$92,000 |
Year Established |
2023 |
|
| Annual Revenue |
$230,223 |
Reason for Selling |
Personal |
|
| Annual P/L |
$34,461 |
Attention |
Napoleon Onyeje |
|
| Annual Cash Flow |
$0 |
Listing Number |
1019730 |
|
| # of Employees |
|
Business Category |
Food & Beverage: Restaurants, Fast Food, Deli |
|
Business Overview:
An established, family-operated Chinese restaurant in Lone Grove, Oklahoma. The restaurant serves lunch and dinner from an approximately 3,250-square-foot leased facility, with a stable multi-year revenue base documented by the seller’s own tax returns: gross receipts of$235,344 in 2023, $247,452 in 2024, and $230,223 in 2025. Occupancy cost is a standout: base rent is just $1,500 per month, and the seller reports lease renewal options through 2032, giving a buyer long-term control of the location at a low fixed cost.
The 2025 net profit was $34,461, and the weighted three-year SDE is $36,776 — so the asking price sits at roughly two and a half times SDE. The sale is structured as an asset sale covering the equipment, recipes and goodwill, the lease assignment, and inventory. The owner works in the business daily and will provide two weeks of hands-on training.
A comparable Ardmore restaurant is currently listed at two hundred thousand dollars — this is the value entry in the same trade area, priced for an owner-operator or a nearby operator adding a second location.
The full Confidential Information Memorandum, including three years of Schedule C financials, is released to qualified buyers following execution of an NDA.
Property Features and Assets:
<p>The sale is structured as an <strong>asset sale covering the equipment, recipes and goodwill, the lease assignment, and inventory.</strong> The owner works in the business daily and will provide two weeks of hands-on training. A comparable Ardmore restaurant is currently listed at two hundred thousand dollars — this is the value entry in the same trade area, priced for an owner-operator or a nearby operator adding a second location.<br></p>
Market Competition and Expansion:
<p>Lone Grove sits in the Ardmore trade area on the I-35 corridor between Oklahoma City and Dallas. The restaurant draws from Lone Grove, Ardmore, and surrounding Carter County communities, with limited direct competition in its immediate area. A new competitor would face build-out and equipment costs, licensing, and the time needed to build a repeat-customer base — advantages this established, operating location already has.<br></p>
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity