Selling your business requires planning, determining a fair asking price, advertising it widely, and meeting prospective buyers to complete the sale – all while keeping operations running as usual.
Discover an unparalleled opportunity in downtown Lubbock! This property provides a blank slate for your imagination to flourish.
1. Restaurant/Bar
A bar, also referred to as a saloon or tavern, is a retail business that specializes in selling alcohol and other drinks. They may feature live music performances or strip shows and serve food such as chips or peanuts; often, their name reflects the drinks they serve – such as beer, wine, or liquor bars.
Bar and restaurant businesses are highly profitable enterprises for entrepreneurs. These establishments often draw heavy foot traffic, with people willing to spend money at them for excellent services. However, successful restaurant/bar operations require excellent management and marketing to thrive.
Lubbock offers residents a strong economy and affordable living costs, making it an excellent place for starting or expanding small businesses. There are ample jobs locally, and one-way commute times typically average under 16 minutes. Neighborhood parks feature small lakes and hiking trails. Furthermore, Lubbock is an active sporting hub hosting events like the South Plains Fair, which features rides, games, and live entertainment.
2. Retail
Are You Searching for Retail Space to Lease in Lubbock, TX? Then this site has everything you need! Whether your company is just getting off the ground or an established one looking for more space to accommodate its growing clientele, retail rooms for rent can help your business find an appropriate home that stands out from the competition and stands out with private restrooms, glass front doors, and excellent visibility – making your brand shine among competitors!
Locate this one-of-a-kind property at the heart of Downtown Lubbock’s Art District for an incredible opportunity. Take advantage of the landlord’s generous tenant improvement allowance to create the space of your dreams!
Attractively situated at 50th Street West in Lubbock with easy access to Highway 62/82 (Marsha Sharp Freeway), this multi-tenant shopping center features ample parking, excellent traffic flow, and high visibility from the street.
This retail storefront represents an exceptional opportunity for your business to benefit from a high-traffic area in a desirable neighborhood. It features an open floor plan with ample lighting and offers a large drive-thru window, making the space perfect for restaurants or any retail ventures.
The Powell Group is delighted to offer a unique commercial opportunity in Lubbock’s historic Lower Depot district. Formerly used as a nightclub, this 9,000+ sqft space boasts multiple rooms and bars and can be purchased as part of 1928 Buddy Holly Avenue as a package deal. All furniture, fittings, and equipment (FF&E), such as custom speakers, massive screens, and sound equipment, are negotiable, and all necessary permits have been obtained to purchase both properties.
BizQuest is the go-to marketplace for buying and selling businesses and franchises, with more than 335 active listings to help you quickly locate the ideal opportunity. Search by type, size, and asking price, as well as filters by industry, to find something suitable. Get browsing today – and if any listings interest you – contact the broker directly; they are ready to guide your journey toward owning the ideal business!
3. Office
At the center of downtown Lubbock lies this rare property – once known as Hemphill-Wells department store – offering unparalleled office space opportunities. It boasts three floors plus a mezzanine and basement space that could be reconfigured into single-tenant office suites. Boasting ample natural lighting with historic character blended seamlessly into modern features – this space truly is a one-of-a-kind opportunity.
This freestanding office building was constructed to serve medical or general professional offices, boasting high visibility from Indiana Avenue. Situated at the core of Lubbock’s medical district – close to Covenant Hospital and Covenant Lakeside as well as Texas Tech University and Lubbock’s central business district – this freestanding structure would make an excellent property for an owner-occupant looking for rental income from other tenants to offset occupancy costs while potentially being used as investment property in future years.
At the heart of downtown, this iconic building sits within an Opportunity Zone and presents tremendous redevelopment potential. Capitalizing on available grants in this zone could transform it into a vibrant hub of commerce.
Whether for office space, retail shops, industrial warehouses, or land, our extensive inventory can help your business find precisely the room it needs. Search properties by size and location perks to see what fits best; reach out directly to brokers via our platform to gain more details about spaces you like – finding your ideal commercial property has never been simpler!
4. Service
Attractively situated within an active commercial corridor, this highly desired spot is an ideal setting for your business. Sitting on nearly an acre, it features a flexible floor plan suitable for various commercial uses – perfect for dry cleaners but could also serve as a daycare center, medical office space, restaurant space, or retail storefronts.
This unique investment property in Lubbock’s historic Lower Depot district presents an incredible investment opportunity. Comprised of two buildings sitting on nearly an acre and offering flexible floor plans suitable for various businesses, the landlord provides a generous tenant improvement allowance so you can tailor it exactly as desired to meet the needs of your company.
This space is currently used as a country music nightclub; however, its versatility could make it suitable for any entertainment or service business. The real estate includes the company and all FF&E (furniture, fixtures, and equipment), making this an excellent turn-key purchase opportunity in downtown Lubbock with easy access to Marsha Sharp Fwy and Interstate 27.
Lubbock offers businesses the ideal environment to relocate and expand, thanks to its vibrant new developments and economic development. Locating commercial real estate that meets a company’s specific needs is critical to its success; Coldwell Banker Commercial’s team has the experience, dedication, and necessary commitment needed to help find you your desired space in Lubbock.
Selling a business can be a time-consuming and complex endeavor, requiring both planning and effort. You need to determine an asking price, advertise the business for sale, negotiate with potential buyers, and close a deal – tasks that may prove challenging when combined with all the demands of running your business.
If you’re considering selling your business, you must work with an experienced business broker who can guide the sale and help maximize its value. A knowledgeable broker can assist in all aspects of the sales process, such as finding qualified buyers and negotiating favorable terms on behalf of their client.