Hookah lounge/bar in busy downtown area right off the freeway

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Profiting hookah lounge with DJ events and Club nights
Asking Price:
$50,000

Gross Revenue:
$90,000
Cash Flow:
$60,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$15,000
included in asking price

FF&E:
$35,000
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

selling PARADISE HOOKAH LOUNGE in CDA IDAHO. looking to get out of the business to pursue other passions. This is one of only 2 hookah lounges in the city and for about a 100 mile radius, and we are grandfathered in. which means no future competition. The lounge hosts event nights with DJ Ricky Vegas who is a full time DJ at a very popular night club in Spokane. As well as birthday parties and any other desired private events from time to time. Out of the 2 lounges we are number 1 on yelp, Facebook, google, and pretty much every other site you can find. Feel free to give me a call or text for more information.
Check out this video of the lounge to see what business looks like.

About the Business

Year Established:
2015
Number of Employees:
0
Facilities:
2 bathrooms. men and woman.kitchen in the back for making hookah.
Market Outlook/
Competition:
there are only 2 hookah lounges including mine for about 100 or more miles. the neighboring cities do not allow hookah lounges and the city we are in has grandfathered us into business. which means no more future competition. The hookah lounge business is at a consistent 1.6% annual growth rate.
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About the Sale

Reason For Selling:
Looking to move back to California
Training/Support:
I myself the owner will make sure you are 100% knowledgeable on the business as well as trained on how we run things.
Gross Revenue
Comments:
margins are very high. monthly cost of operation $2000
Seller Financing:
must have at least half down.

Listing Info

Keywords:
hookah lounge bar profitable turn key club night club tobacco store shop
ID:
1414625
Ad Detail Views:
281


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