Popular Viking-Themed Bar in Vibrant Downtown Location

Asking Price$5,850,000

Cash Flow
$291,709

EBITDA$497,259

Gross Revenue$1,711,188

InventoryNot Disclosed

FF&E$464,000
Included in asking price
Real Estate$4,736,000
Included in asking price
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Popular Viking-Themed Bar in Vibrant Downtown Location


Asking Price$5,850,000

Cash Flow
$291,709

EBITDA$497,259

Gross Revenue$1,711,188

InventoryNot Disclosed

FF&E$464,000
Included in asking price
Real Estate$4,736,000
Included in asking price
Business Description
Norse Brewing presents an investor the unique opportunity to purchase a high-demand restaurant and bar with the accompanying building, in a market positioned for exceptional long-term growth.

The building and business can be financed utilizing an SBA504 loan at a highly attractive rate.
General Terms: (25-year, ~6.07% rate, 90% LTC)

Sale Includes:
$4,736,000 - Real estate: land, building, and all structural improvements
$650,000 - Business: branding, goodwill, established customer base
$464,000 - Fixtures, furniture, kitchen & bar equipment, brewing tanks & gear
$5,850,000 - Total Purchase Price

While this location (203 Brooks) is driving the profitability of the business, there is an option to purchase a second location in Zebulon, NC for $2,500,000.

Investment Highlights
- The large venue (8,222 sq ft) provides hosting versatility for public and private events, allowing for diverse revenue streams and deeper community engagement.
- Proven history (8 years) supports long-term stability in a high-growth market.
- Controlling real estate eliminates risks associated with rising lease rates in a high-growth market where they are expected.
- Prime downtown location provides strong foot traffic and visibility with natural demand.
- Excellent reviews and standing reputation provides a strong base/legacy to continue for the future owner.
- In-house brewing expertise: Includes brewing equipment, infrastructure, and recipes (including oversight by a brewer).

Opportunity to Increase Profit by $500,000+
Currently, the brewery only supplies its craft beer internally to its 2 locations, but a new owner could easily scale the operation, distributing beer to the broader region for increased profits, incurring no additional fixed costs.

Detailed Marketing Package & Data Room Available with signature of NDA.
About the Business
Years in Operation
6
Facilities & Assets
Norse Brewing (1999)
203 N Brooks St, Wake Forest, NC 27587
8,222 Sq Ft.

Norse Longhouse (1920) - Optional
120 N Arendell Ave, Zebulon, NC 27597
3,366 Sq. Ft.
Website
https://norsebrewingco.com/
Opportunities for Growth
- Opportunity to purchase Zebulon, NC location for additional $2,500,000
- Opportunity to increase revenue by $500,000 through regional distribution of craft beer.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
8,222
About the Sale
Seller Motivation
The time period for the sale is in line with seller's original plan, allowing th
Transition Support
The owner is willing to provide support and training for the right operator.
Listing Info
ID
2398514
Listing Views
1715
Business Location

Contact Seller

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Business Listed by: Thomas Manglaviti MC Business Advisors

Listing ID: 2398514 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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