Osman's - Price Reduced - Award Winning Restaurant

Business Opportunity for Sale
Catylist Listing ID: 30843637
Property Subtypes: Food and Beverage
Building Size (RSF): 1,500 SF
Sale Price: $148,750 - 348,750
Name of Establishment: Osman's Fine Dining Restaurant
Business Website Address: https://www.osmans.us/
Year Business Established: 2000
Gross Revenue: $456,000 (Annual)
Cash Flow: $103,000 (Annual)
Cash Flow Type: Sellers Discretionary Earnings
Sale Terms: Cash at closing, some seller financing may be available depending on buyer's creditworthiness.
Last Updated: 9/8/2023

Overview / Comments

Business is operating, do NOT contact Sellers or employees directly or Seller will not deal with you as a buyer. All communications must go through Listing Broker.

*Sellers are motivated to find successor for business (asking $148,750) and Real Estate is available for purchase for $200,000.

Operating for over 22 years, the co-owners/head chef work have worked together to bring a unique and elegant fine dining experience to the Gulf Coast.

European atmosphere that specializes in elegant cuisine and select gourmet desserts 5 nights a week by reservation only. Exquisite dining area equipped with a full bar and an extensive wine selection.

This restaurant is highly praised by its customers and recognized as one of the highest rated fine dining restaurants in the local area. Mobile's Lagniappe "Nappy" Award Winning Restaurant!

If you would like to become the new owner of this establishment, please reach out immediately.

Additional Details

Nearest MSA: Mobile
County: Mobile
Industry Segment: Restaurants
Reason for Selling: Retirement
Value of Inventory Included ($): $25,000
Value of Furniture, Fixtures, and Equipment ($): $40,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $200,000
Employee/Labor Description: Do Not Contact Employees
Growth/Expansion Opportunities: Only Open Limited Hours. Opportunities are to be open more days, and add lunch, if desired. Otherwise, a perfect lifestyle restaurant.
Seller Financing Description: Contact Listing Broker

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 8,841 79,557 163,259
Median Age: 33.42 34.44 36.82
Households: 3,147 32,251 65,952


Photograph of Listing Agent

Bill Kleinschrodt

WRK Real Estate, Inc.
Gulf Coast CMLS Member
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