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.

Business is listed by HUB AZ Brokers, an affiliate of Sunbelt Business Brokers in the State of Arizona. All listing and financial information to be verified by buyer during due diligence.