Highly Rated Turnkey Bar and Restaurant W/ Amazing Lease
Business Description
Turnkey bar and restaurant with event space and huge potential
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.
About the Business
- Years in Operation
- 2
- Employees
- 15
- Franchise
- This business is an established franchise
- Facilities & Assets
- 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.
- Website
- HTTPS://www.castironcrafthouse.com
- Market Outlook / Competition
- Business is directly off main street in Old Town Warrenton located adjacent to the primary public parking lot. All foot traffic to main street passes the business. Well established, curated events draw large crowds and significantly enhance revenue. The business is known for exemplary wine pairing nights, and consistently beats competitors on quality and customer satisfaction. Second floor is a much sought after event space, booked throughout the year, and there is currently no live music venue that can compete space-wise in the area.
- Opportunities for 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.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,864
- Rent
- $2,300.00 per month
- Lease Expiration
- 3/31/2032
About the Sale
- Seller Motivation
- Owners are relocating
- Transition Support
- Offering one month (30 days) owner-operator training on POS systems, staffing, website, and daily operations.
- Financing Options
- No financing options available from seller
Listing Info
- ID
- 2355862
- Listing Views
- 3020
Business Location
Listing ID: 2355862 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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