Could this be last call for Luby’s Cafeterias, a Texas comfort food tradition?
For many Texans, Luby’s Cafeterias are the epitome of comfort food.
But it could soon be last call for LuAnn Platters, fried fish, cornbread and meringue pies.
Officials at the Houston-based Luby’s Inc. announced this week that they intend to sell the company and all its assets.
Many Luby’s locations — including at least three in the Fort Worth area — are tentatively scheduled to remain open during the sale process, according to a company release. Luby’s locations include cafeterias near Interstate 35W and North Beach Street in north Fort Worth, I-30 and East Loop 820 in east Fort Worth, I-20 near Forest Hill Drive in east Fort Worth and a location near Hulen Mall in southwest Fort Worth.
“Luby’s will explore a variety of potential transactions, including selling the Company’s operating divisions: Luby’s Cafeteria, Fuddruckers, and Culinary Contract Services, as well as its real estate, or selling the Company in its entirety,” company officials said in a statement.
“Net proceeds obtained from any such transactions, after satisfying the company’s debt and other obligations, will ultimately be distributed to Luby’s stockholders.”
Luby’s opened in 1947. The cafeteria has a firm place in Texas lore.
The animated Fox television series “King of the Hill” even named one of its characters Luanne Platter, after the renowned Luby’s dish that includes a half-serving of an entree, a side item and a roll.
