Rare Opportunity for Profitable Rising Star Restaurant in Lubbock

Undisclosed Address, Lubbock, TX
Business Opportunity for Sale
Catylist Listing ID: 30535001
Property Subtypes: Food and Beverage
Building Size (RSF): 5,539 SF
Sale Price: $349,999
In Opportunity Zone? Yes
Name of Establishment: King Street Pub
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Lease at current location through 09/30/22
Last Updated: 10/11/2021

Overview / Comments

Beautifully decorated, well-established, independently-owned fine-dining restaurant with a full bar for sale. The current menu offers steaks, pasta, and Tex-eclectic fare at dinner with lighter choices for lunch. A loyal customer base includes catering and a nicely-populated wine dinner email list. The 5000 s/f space offers seating for 140+, tons of storage, a semi-separate bar, a companion bakery/cheese shop, and room for expansion. Antiques, velvet curtains, art, and new kitchen equipment make the initial investment worth the FF&E alone! Situated at a busy intersection in a university town of more than 250,000, this turn-key opportunity is perfect for investors, an experienced restaurateur, or husband-and-wife team.

Attachments & Media

Additional Details

Industry Segment: Restaurants
Reason for Selling: Owners starting a new project
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $0
Real Estate Status: Leased
Value of Real Estate Included ($): $0

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 16,434 92,047 191,923
Median Age: 27.5 29.58 31.99
Households: 6,432 32,817 73,479

Contact

Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS
West Texas CIE Member
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