Rare Opportunity for Profitable Rising Star Restaurant in Lubbock

Undisclosed Address, Texas
Business Opportunity for Sale
Catylist Listing ID: 30535001
Property Subtypes: Food and Beverage
Building Size (RSF): 5,539 SF
Sale Price: $599,000
Gross Revenue: $0 (Annual)
Cash Flow: $0 (Annual)
Relocatable Business: Yes
Sale Terms: Lease at current location through 09/30/21
Last Updated: 11/26/2019

Overview / Comments

Locally owned fine dining restaurant and bar with ambience galore in an established neighborhood. Lovingly decorated, includes private dining rooms plus an extensive (and growing) catering clientele. $1.3 M annual sales with expansion and franchise potential, great for investors or owner operators.

Turn key to include FF&E, kitchen equipment, bar, recipes, name, and catering clientele. Bring all offers! Owners are ready to start on a new project.

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: 3 miles 5 miles
Total Population: 1,583 3,043
Median Age: 44.09 40.43
Households: 670 1,228

Contact

Photograph of Listing Agent

Jeremy Steen

McDougal, REALTORS
West Texas CIE Member
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