| Highly Rated Turnkey Bar and Restaurant W/ Amazing Lease

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Highly Rated Turnkey Bar and Restaurant W/ Amazing Lease

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Cast Iron Craft House is a local favorite eatery, highly rated, with an amazing eight year lease left. The downstairs restaurant and bar has been fully refurbished and rebuilt from the ground up with beautiful handmade wooden tables and a gorgeous copper bar top. The upstairs event space and stage has a full length custom-made wood bar, and is regularly booked throughout the year with wedding rehearsals, birthday parties, school and organizational events, and Christmas parties. This business has enormous upside potential to scale for fully catered events. Purchase of the LLC includes the remaining eight year lease, monthly rent is $6000 below market average! The space is easily the most affordable Old Town Warrenton commercial space available. Website, business plan, all documentation, equipment, security systems, and other business-centric items all convey with purchase. This is a fully turnkey sale.

Ad#:2355862

Listed By: Omar Kettani

Background information

Reference:

ti3tuyr42yr5425423

Year established:

2023

Reason selling:

Owners are relocating

Finance

Sales:

$656,753

Operations

Employees:

Equipment:

$125,000Included in asking price

Inventory:

$25,000Included in asking price

Premises

Facility:

LLC's lease includes first and second floor spaces and storage as well as outdoor deck and patio spaces. New HVAC and water heater installed in 2023. Walk-in refrigerator, full commercial kitchen, 8-tap kegerator, and three full beer fridges in bars. Lease initial term ends in 03/31/2027 with TENANT-executable option years for renewal with fixed rental amounts until 03/31/2032. Landlords are fantastic and regularly negotiate TI and other benefits at the request of the business.

Rent and lease terms:

$2,300 per Month

Location:

Warrenton, VA

Opportunities

Growth:

Significant growth opportunities for upscale tasting events and live music. The second floor is a very well-known, historic local music venue with a rich history. The downstairs is a perfect spot for a burger bar or tapas menu. Expansion into the small-plate/fast-casual upscale market as there is very little competition in that culinary sector and local competitive eateries fail to meet high standards consistently.

Price and terms

Price:

$950,000

Financing:

No financing options available from seller

Training:

Offering one month (30 days) owner-operator training on POS systems, staffing, website, and daily operations.