Pizza & Pasta Restaurant For Sale, Greater Oklahoma City, Oklahoma
Pizza & Pasta Restaurant for sale in Greater Oklahoma City, Oklahoma for $329,999! Seller financing available with $309,999 down. Established business opportunity, currently grossing an estimated $732,431 and nets $179,437. Income based on an owner/operator role. Restaurant is operating with 11 employees that are willing to transfer if given the opportunity. Includes all kitchen equipment and restaurant fixtures, plus recently purchased new equipment - bar stools and kitchen equipment with a value of $3000+. Turnkey business with a loyal customer base and a great reputation and reviews. Restaurant currently offers a menu featuring pizza, subs, pasta and classic Italian dishes for dine-in, take out and delivery. Restaurant is in a great location with neighboring retail stores, restaurants and colleges. This is a large, well established restaurant with seating for 71 inside and 22 outside. Plenty of growth opportunity.
Frequently Asked Questions:   Price: $329,999   Cash Flow: $179,437   Financing: Yes   Listing: Active
What is the current gross revenue for this restaurant? The current gross revenue being generated is estimated at $732,431.
How does the restaurant profit? Current profits are generated from the gross revenue, minus food purchases, payroll, supplies, and operating expenses. This will determine your net/cash flow.
Can I finance this restaurant? Seller will finance up to $20,000. Terms to be discussed. This business may qualify for a business or SBA loan. However, if financing is needed for startup cost you can review Additional Financing Options Here.
What are my expenses and overhead for a restaurant business? Expenses will vary for each restaurant owner depending on the type of restaurant, number of employees, and location. Current expenses for this owner include: payroll, payroll taxes, workers compensation, advertising, supplies, food, utilities, property rental fees, permits and licenses, phone, and liability insurance.
Is the restaurant property owned or leased? Currently the owner leases the property. Lease terms remain until November 2020 with a 4 year option. New owner must be approved by the landlord. Note: New buyer will negotiate and sign lease terms with the property owner.
Where is the restaurant located? This restaurant is located in Greater Oklahoma City, Oklahoma. Physical address will be released to qualified buyers upon execution of an NDA.
What type of equipment is included with the sale? Current list of equipment includes: stainless bar top and counter, ice machines, beer coolers, wine chiller, pizza ovens, pizza tables, sandwich table, deep fryer, grill, stove top, microwave, oven, freezers, mixer, meat slicer, POS terminals, sound system, ATM, TVs, chairs and tables and more! Includes recently purchased new equipment - bar stools and kitchen equipment with a value of $3000+. Total estimated value is $250,000.
What is the size and how many customers can this restaurant seat? The restaurant is 3300 sq.ft and can seat 71 inside and 22 outside.
Does this restaurant currently have a beer or liquor license? Yes, the restaurant currently has a liquor license.
Does the restaurant offer drive-thru or delivery service? The restaurant currently offers a delivery service but there is no drive-thru.
How long has the seller owned the restaurant? Seller has owned this restaurant for 6 years.
Why is the owner selling? Owner is selling due to family commitments.
What are the hours of operation? This restaurant is operated from 10.30am to 12.00am Monday through Wednesday and 10.30am - 3am Thursday through Saturday.
What type of neighboring business are in the area? Surrounding businesses including retail stores, restaurants and colleges.
What do you recommend when purchasing a business? When purchasing this type of business we recommend forming some type of entity such as an LLC or Corporation to do business under. This not only offer protection for your personal assets, but also ensures protection of your business. If you need help forming this, we recommend that you Form A Corporation Here.
What else should I know? Established Italian, pizza and pasta restaurant! Turnkey and move in ready. Restaurant has a loyal customer base and offers dine-in, take-out and delivery service. Includes the cost of all equipment worth an estimated $250,000. Plenty of opportunity to increase revenue. Priced at $329,999. Some seller financing is available. For additional information and to evaluate this business further Contact Us About This Restaurant Here!
Disclaimer: Restaurants For Sale is a Restaurant Broker that brings buyers and sellers together. Restaurants For Sale does not represent, or is not affiliated with the company or franchise being offered. All agreements are made between the buyer and seller and not Restaurants For Sale. It is the prospective Buyer's duty and obligation to verify the accuracy of the Sellerís representations and if necessary retain attorneys, accountants, business appraisers, or other professionals. The representation of income is based on the efforts of the current owner. As with any business you can make more or less.