$1,800,000 $10,792 est/mo Sourced by Back At You

2204 S Park Highway,Broken Bow, OK 74728

Broken Bow OK, 74728

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Description

This property is situated in a popular tourist area and presents a lucrative opportunity for a turnkey restaurant business. With a seating capacity of over 100 and potential for expansion, The OAKS has been operating successfully for more than 25 years. The current owner is retiring, making this an ideal time to acquire the establishment. Housed in a spacious log cabin, the restaurant enjoys high visibility on a heavily trafficked four-lane highway, with an average daily traffic count exceeding 16,000. Renowned among both locals and tourists, The Oaks Steakhouse takes pride in its dedicated and long-serving employees, who consistently deliver exceptional service. Founded on October 27th, 1997, by L.D. "Bud" Gilbreath, a former McCurtain County sheriff, and his wife Laverne, the restaurant represents the Gilbreath family's reentry into the customer service industry after operating a grocery store. The choice of the restaurant's name is inspired by the presence of majestic oak trees surrounding the site. As one of the pioneering dining establishments in the area, The Oaks Steakhouse has garnered the appreciation and unwavering support of the community. It is worth noting that Broken Bow, where the restaurant is located, has been ranked as the top small town to live in the state of Oklahoma, fifth in the nation, and among the top 20 tourist destinations nationwide. This self-sustaining and profitable business opportunity comes with the option of partial financing. Interested parties must provide proof of their financial capabilities to purchase the property, upon which the relevant financial records will be shared.

Details

MLS#1063730
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1997
Days On Site360
Listing Provided ByKeller-Williams Platinum B.B. | Tammie Duck

Features

SQ Feet3,306
Story(s)2
ZoningCommercial
Acreage1.50

Market Activity 74728

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Learn More About This Property

StateOK
CountyMcCurtain
CityBroken Bow
Zip Code74728
School DistrictMcCurtain
Listing VS Median (in 74728)
Price:
$1,800,000
low | high
Med:
$699,000
100% of Average
SqFt:
3,306
low | high
Med:
6,624
50.362976406534% of Average
$ / SqFt:
$544
low | high
Med:
$106
100% of Average
On Site:
360
low | high
Med:
74
100% of Average
Sourced by Back At You
Listing Updated: January 10, 2024 at 8:53:14 PM PST
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