restaurant and bar for Sale in Arizona

Turnkey Restaurant, Bar & Hookah Lounge — Below-Market Rent

Here's a draft — roughly 2,900 characters, so it fits with room to spare: Turnkey Restaurant, Bar & Hookah Lounge — Below-Market Rent Here is a rare opportunity to take over a fully built-out, approximately 3,000 square-foot restaurant, bar, and hookah lounge in a high-traffic North Phoenix retail corridor. This is a turnkey asset sale: everything needed to operate is in place, permitted, and working. Walk in and run your concept from day one — no build-out costs, no construction timeline, no permitting risk. The space was extensively built out for full-service dining and entertainment. The commercial kitchen includes a hood and fire-suppression system, fryer, flat grill, char broiler, gyro machines, refrigeration, freezer, and prep line. The front of house seats 120+ with 34 tables, a full bar with coolers, ice machines, and glassware, a performance stage with sound, video, and lighting systems, and an established hookah program with 40 hookahs and full accessories. Outside, an equipped patio features a wood grill, fireplace, and heaters — ideal for Arizona evenings. A comparable build-out from shell condition would typically cost several times the asking price. The lease is a standout: approximately $15 per square foot per year in a corridor where comparable space asks considerably more. That below-market rent gives an incoming operator a real, recurring cost advantage worth thousands per year and makes this location viable across a wide range of concepts — keep the current Mediterranean dining and lounge format, or bring your own vision to a space already suited for dining, nightlife, private events, and live entertainment. The business currently operates only four days per week under an owner with other commitments, leaving obvious upside for a full-time operator: expanded hours, a seven-day schedule, event bookings, catering, and marketing are all untapped. Alcohol is served under an Arizona Series 12 restaurant license classification (buyer to obtain its own license; interim permits are available for continuity at closing). The current ownership acquired the business through a clean, escrow-closed transaction with clear title to all conveyed assets. This is priced and sold as an asset sale — the value is in the complete physical package, the lease, and the location, not in the limited operating history of a young business. Serious inquiries only. A signed NDA and proof of funds are required before the location, financial detail, lease terms, or equipment list are released. All information is provided by the seller; buyers must verify all facts, figures, lease terms, and licensing requirements during due diligence.