Food & Related products
Active
Turnkey Craft House & Bar in Prime High-Traffic Location
Norfolk, Virginia, United States
Asking Price$60,000
Revenue-
EBITDA-
Cash Flow-
Description
Turnkey restaurant and bar opportunity in an established location, fully equipped and ready for an experienced operator to step in and open. The space features a complete commercial kitchen, a fully built-out bar, and a dining area with all furniture and fixtures in place. A substantial package of equipment and FF&E is included in the sale — a fraction of the cost to build out a comparable space from scratch. A transferable lease runs through December 2028, offering stability and a favorable occupancy cost. The business is competitively priced as the owner is exiting. This is an ideal opportunity for a hands-on operator with restaurant experience to acquire a move-in-ready location, bring stronger management and marketing, and build a profitable concept. Serious buyers will be provided with Profit & Loss statements for review.
Real Estate
Rent is $4,200 per month
Building Size: 2400 sq. ft.Reason Selling
Owner is retiring
Facilities & Assets
Fully equipped commercial kitchen and dining space included in the sale. Equipment and assets include: approximately six refrigeration prep units; a large walk-in cooler (approx. 7' x 10'); two commercial hood systems (approx. 30 feet total); a two-chamber steamer; two six-burner range/oven combinations; a salamander broiler; stainless steel prep tables; freezers; mixers and blenders; and smallwares. Also included are all furniture, fixtures, and equipment (FF&E), a POS system, and existing inventory. The space features a fully built-out bar. A full equipment list and valuation can be provided to serious buyers. Lease runs through December 2028 and is transferable via assignment or sublease.
Support & Training
The seller is available to provide a transition walkthrough of the facility, equipment, and systems. Complete Profit & Loss statements will be made available to qualified buyers for evaluation. The seller can share operational insights and lessons learned to help the new owner avoid prior challenges and position the business for success.
Market & Competition
The location sits in an established dining area with approximately three competing restaurants nearby, indicating steady local demand for dining and food service. The surrounding market supports restaurant traffic, and the built-out space is well positioned for an operator who can differentiate through concept, service quality, and marketing. With disciplined management and improved cost controls, there is clear room to capture market share.
Growth Opportunities
Significant upside for the right operator. The prior business struggled due to overstaffing, first-time ownership, and limited financial controls — all correctable with experienced management. Growth opportunities include tighter labor and cost management, a stronger marketing and social media presence, and menu optimization. The fully built-out bar offers strong revenue potential, and a new owner could pursue a liquor license to add a high-margin beverage program (no transferable license is currently included). Additional revenue streams such as catering, private events, and delivery could further expand the business.
Related Categories
Asking Price$60,000
Learn MoreAfter inquiring the broker will reach out to you to discuss the next steps.