Specialty Restaurant For Sale In Lubbock

Business Overview:

Welcome to an unparalleled culinary gem nestled in the heart of a thriving, high-traffic community. This family-owned and operated restaurant with ~$126,000 SDE in 2022, has been a cultural cornerstone since 1993, is now seeking a new steward to elevate its legacy. Boasting updated equipment, appliances, and supplies, and a meticulously crafted system of efficiency, this turnkey establishment is primed for seamless transition. Key Features 1. Prime Location: Situated in a vibrant and highly frequented part of town, the restaurant enjoys a steady stream of foot traffic, making it a go-to destination for locals and visitors alike The Restaurant boasts a capacity of 60 guests in the dining room and 30 more guests on the outdoor terrace and has private and shared parking. The location is a strategic asset for continued success. 2. Modern Infrastructure: The business benefits from cutting-edge updated equipment, appliances, and supplies. This ensures optimal efficiency, reducing operational downtime and maintenance costs for the prospective buyer. 3. Efficient Systems & Processes: The current owner has over 40 years of international executive experience in restaurants, corporate/franchise businesses and has worked with 25 international brands.

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Property Features and Assets:

Monthly Rent: $3,000.00

Square Units (Foot, Meter): 2,500

Lease Expiration Date: December 30, 2024, 10:00:00 PM

Terms Options: 3 Year Renewal

Facilities: Building has room for 60 guests in the dining room and 30 additional guests in outdoor terrace. Plenty of parking.

Market Competition and Expansion:

Expansion: 

A new owner could grow sales by opening the restaurant an additional day or two, by extending closing hour to 10:00PM, by advertising the catering service, and/or by increasing the marketing budget. A new owner could also grow by opening additional locations on the North and South sides of town or even in another market.

What are the external factors that will contribute to growth?
o Growing economy
o Population growth in the city
o University Enrollment Growth
What are the internal factors that will contribute to growth?
o Potential to Franchise
o Improved Marketing
o Increase Hours of Operation

Reason for Selling:

Retirement

Additional Details:

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