Austin lubys cafeteria

OPEN 24 Hours. Great food the service not so much. Selam Int. Mart and Cafe Cafeterias Restaurants. View Menu. Mezze Cafe Cafeterias Restaurants. Caffe Medici Cafeterias Restaurants. Volsci Inc Cafeterias Bars Restaurants.

New World Cafe Cafeterias Restaurants. Sa-Ten Cafeterias Restaurants. AB New location that differs from this address. This transaction will allow us to continue serving the many loyal Luby's customers at these locations and to provide long-term employment opportunities for the many associates currently at these locations. Gerald Bodzy , Chairman of the Board of Luby's, commented, "I could not be more pleased than to see Calvin Gin , along with many of the existing management team, able to carry on the fine tradition of Luby's brand of food and service in Texas that dates back to The sale of the Luby's Cafeteria operations is another step in the execution of the previously announced plan of Luby's to sell its assets, pay its liabilities, and return the remaining cash to shareholders under the Company's previously announced plan of liquidation and dissolution approved by its shareholders on November 17, The Company and its financial advisor ran a robust sales process for the Luby's Cafeteria business, contacting over entities before accepting the best offer, which came from the Gin group.

Luby's is actively engaged in attempting to monetize the real estate it owns that is related to its cafeteria restaurant business, including the 25 properties the Company intends to sell to a third party or parties that can, in turn, provide the purchaser operating leases for those properties. The purchaser will also assume the leases for seven Luby's locations that are currently under lease. Luby's is being advised by Jones Lang LaSalle on these real estate sales.

The agreement between Luby's and the purchaser is subject to normal and customary conditions for transactions of this nature. The transaction is not subject to a financing contingency. The parties currently anticipate the transaction will close before the end of the Company's current fiscal year. About Luby's Luby's, Inc. Besides today's announcement of the agreement to sell the Luby's Cafeterias business, Luby's announced last week that it has entered into an agreement to sell its other restaurant brand, Fuddruckers.

In addition, Luby's is actively seeking buyers for its Luby's Culinary Contract Services business segment, which provides food service management to sites consisting of healthcare facilities, corporate dining locations, sports stadiums, as well as sales of certain frozen Luby's entrees through retail grocery stores.

Luby's also owns real estate assets related to its operations, for which it is also in the process of actively seeking buyers. About Calvin Gin Mr. Gin is a member of the storied Gin Family, who established The Flying Food Group by Sue Gin , which has grown to the third largest airline catering company in North America and provides food preparation services for others, including Starbucks, throughout the country.

Gin has two plus decades of entrepreneurial experience not only as a business owner himself, but also as a senior-level executive in management, business development, finance, and operations. He currently is a co-founder or partner in several entities including Helios Visions, WorkPlate, and Charming Studios. This press release contains statements that are "forward-looking statements" within the meaning of Section 27A of the Securities Act of , as amended, and Section 21E of the Securities Exchange Act of , as amended.

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