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: |
$0 (Annual) |
| Relocatable Business: |
Yes |
| Sale Terms: |
Lease at current location through 09/30/22 |
| Last Updated: |
10/11/2021 |
Overview / Comments
Beautifully decorated, well-established, independently-owned fine-dining restaurant with a full bar for sale. The current menu offers steaks, pasta, and Tex-eclectic fare at dinner with lighter choices for lunch. A loyal customer base includes catering and a nicely-populated wine dinner email list. The 5000 s/f space offers seating for 140+, tons of storage, a semi-separate bar, a companion bakery/cheese shop, and room for expansion. Antiques, velvet curtains, art, and new kitchen equipment make the initial investment worth the FF&E alone! Situated at a busy intersection in a university town of more than 250,000, this turn-key opportunity is perfect for investors, an experienced restaurateur, or husband-and-wife team.
|
Additional Details
| Industry Segment: |
Restaurants |
| Reason for Selling: |
Owners starting a new project |
| Value of Inventory Included ($): |
$0 |
| Value of Furniture, Fixtures, and Equipment ($): |
$0 |
| Real Estate Status: |
Leased |
| Value of Real Estate Included ($): |
$0 |
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 |
|
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