Well Established Bakery/ Restaurant with Real Estate

Retail-Commercial for Sale
Catylist Listing ID: 30514728
Property Subtypes: Restaurant
Building Size (RSF): 6,500 SF
Gross Building Area: See Agent
Sale Price: $399,000
Unit Price: $61.38 PSF
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/28/2020

Overview / Comments

This well-known establishment has been owned and operated by the same family for over 40 years in the same location. The current owner has run the business since 1982 and is ready to retire. The sale includes real property, restaurant furniture, fixtures and equipment. The building features a large dining area with a maximum occupancy of 119 people, large kitchen and baking areas, walk-in coolers and all of the necessary equipment for the next owner to step in and run their own business.
Newer Roof with 15 Year Warranty
All HVAC Units Have Been Replaced Within the Last Two Years
Owner Ready to Retire
Sale Includes Real Property and FF&E
Seller Wishes to Retain Current Business Name

Additional Details

Nearest MSA: Lubbock
County: Lubbock
Tax ID/APN: R135677
Year Built: 1940

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 2,697 4,353 8,348
Median Age: 37.94 37.99 38
Households: 976 1,537 3,091

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