Retail - Restaurants | Retail - Other Eating & Drinking Places

Asking Price	$180,000	Inventory
Gross Income	$578,316	Real Estate	Not included**
Cash Flow	$180,011	Year Established	2006
FF&E	All included*	Employees	6 to 7

* included in the asking price

** not included in the asking price

This is a high profit restaurant in a 10,000 population town in Oklahoma. The town is located on inter state highway 40. The restaurant was taken over by owner two years ago. Owner spent about 300,000 to build it up to an upscale restaurant to match the state musem. In return, the 300 visitor per week musem generates a big volume of customers. Not metion the order from the next door hotel. Being the only Italian restaurant in town, also in about 100 miles around, it attracks both the repeating and new customers. It was ranked as the best restaurant in the south west area of OK. Owner is selling the business at $180,000 or 430,000 with the property(a free stand building). If sold business only, the owner's rent is $3500 per month, leaving a 15,000 net income for the new buyer. Owner will not finance but will help if any document needed for finance. Owner is an honest business man. He welcomes any qualified buyer to verify income thru monitor the business. For more information, please call Vivian Li. at 972-522-9018 or email her at vivian2008business@yahoo.com. A non-disclosure agreement needed to be signed.

Facilities: Owner spent more than 300K to build the restaurant. Owner will charge a rent at $3500/ month. The 180K Annual cash flow reflect the net income after rent.

Competition: This restaurant is the only Italian restaurant in town and in about 100 miles. It is also next to a state musem, which brings about 50 customers per day. There is also a hotel next to this restaurant. The town is a 10K population city on interstate highway 40. Last year, this restaurant was ranked the No1 restaurant in the south west area of Oklahoma.

Growth/Expansion: Currently, the restaurant is too busy to service delivery in the area, adding up delivery will increase at lease 15% to 20 % of the sales. Also the owner suggests to add up more parking for the peak time customer.

Financing: No owner finance

Support/Training: Owner will train the new owner.

Reason Selling: Good & proftiable business, owner is ready to retire.