Velvet Room Hookah Lounge

Asking Price$325,000

Cash Flow
$198,097
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$400,000

Inventory$2,000
Included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Outside viewSave

Velvet Room Hookah Lounge


Asking Price$325,000

Cash Flow
$198,097
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$400,000

Inventory$2,000
Included in asking price
FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
Prime Hookah Lounge Opportunity – Established, Profitable, and Packed with Potential!

Step into ownership of a thriving business with an 18+ year track record of success! This bustling hookah lounge has become a staple in the community, known for its loyal customer base and reputation for staying open late. ALL NEW FURNITURE. Imagine the possibilities with strategic updates and a fresh approach.
What makes this lounge a winner?
Grandfathered License: Sell cigarettes and cigars onsite – a rare and valuable feature.
Unrestricted Operating Hours: Open 24/7 if you choose! Currently, Fridays and Saturdays until 3 a.m. attract crowds from clubs and surrounding hotspots, but extending hours to 4 a.m. could net an additional $4K-$8K per month – or more!
Flexible Lease: Currently year-to-year, with an option to secure a 3-year extension from the landlord.
Turnkey Setup: Everything you need is in place for a seamless transition.
Untapped Growth Opportunities:
Obtain a liquor license and watch revenue soar.
Upgrade furniture and build an online presence to attract even more customers.
Capitalize on the lounge’s stellar reputation and extend marketing efforts.
The current owner loves this business but is ready to retire and travel, leaving behind a golden opportunity for the next owner to step in and take it to new heights. Whether you’re an experienced entrepreneur or new to the industry, this hookah lounge is a proven gem with massive growth potential.

Don’t miss this chance to own a thriving, iconic lounge with untapped possibilities! Inquire today!
About the Business
Years in Operation
21
Employees
6
Facilities & Assets
Step into an alluring escape at our luxurious hookah lounge, where sultry red lights and intimate low lighting set the tone for a sexy, sophisticated vibe. Perfectly designed for relaxation and socializing, the spacious venue offers plush seating arrangements, sleek modern décor, and a captivating ambiance.

Enjoy an extensive selection of premium hookah flavors while catching the latest games or music videos on our giant screen TV, adding a touch of entertainment to your evening. With ample parking available, arriving is as stress-free as your time here
Market Outlook / Competition
no one else in area can sell the cigars and cigarets in house or stay open 24/7
Opportunities for Growth
You can add a website, new furniture which his is way to old, add social media, get a liquor license
About the Sale
Seller Motivation
Looking to retire and travel
Transition Support
Owner willing to train in house
Financing Options
with a 50% downpayment this is a option
Listing Info
ID
2305597
Listing Views
2723

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Jenny Gregory eXp Realty Commercial - BiCoastal Investment

Listing ID: 2305597 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.


Similar Listings
Get Wet Scuba
$275,000Get Wet ScubaTwentynine Palms Mcb, CA