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Specialty Restaurant For Sale In Lubbock For Sale

Lubbock, Texas, US
Asking Price:
$225,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$354,912
Cash Flow:
$126,974

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 it 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 and Processes: The current owner has over 40 years of international executive experience in restaurants, corporate, and franchise businesses and has worked with 25 international brands.

Through this vast experience, he has implemented highly efficient systems and processes that have been fine-tuned over the years. These streamlined operations are designed for ease of training, allowing the new buyer to seamlessly take the reins and maintain the restaurant's high standards. 4.

Cultural Legacy: With a rich history dating back to 1993, this restaurant has become a cultural institution in the community. The authenticity of its offerings and the warmth of its atmosphere have created a loyal customer base, providing a solid foundation for growth.

Why should you buy this business? Decades of successful operation and a loyal customer base attest to the restaurant's appeal and viability. The meticulous systems in place, coupled with modern equipment, ensure a smooth transition for the new owner. Multiple avenues for growth, including catering services and expanded operating hours, offer the prospect of increased revenue and market share.
Don't miss the opportunity to become the custodian of this culinary legacy. Seize the chance to elevate a beloved establishment to new heights and write the next chapter in its storied history. The recipe for success is here; all it needs is your unique touch.

Property Information

Real Estate:

Lease

Lease Terms:

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

Location:

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

Business Operation

Expansion Potential:

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

Reasons for selling:

Retirement

Trading hours:

Tuesday – Saturday: 11AM–7PM Closed Sunday & Monday

Employees:
2
Years established:
1993

Other Information

Support & training:

Number of Weeks Seller Will Offer Training: 4

Furniture / Fixtures value:
$41,675 - included in the asking price
Inventory / Stock value:
$14,000 - included in the asking price