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This is a newly renovated and extremely well designed restaurant and hookah lounge. Seller spent over $200,000 in furniture, fixtures, equipment, build-out and design but is moving to Africa to work in the family business and needs to sell asap. Unfortunately, he finished the build out right before COVID and was then closed down so he doesn't have financials. Owner will train for a smooth transition. Support & Training: 14 days unpaid training included in sale. For a quick response to your inquiry, please email listing agent Trent Lee (RE# S.0183611.LLC; Business Broker Permit# BUSB.0006978).
This is a leased location of 3,600 square feet with a Total Rent of $7,680.00. Lease ends 01/2025 with a 1/5 year lease options. Seller is active in the business with 9 FT employee(s), 0 PT employee(s) and 0 Independent Contractor(s). Hours of operation are 12PM to 3AM Mon-Sun. $13,000.00 in Inventory and $80,000.00 in FF&E included in Asking Price. $70,000.00 made in Leasehold Improvements. Special License Required Hookah, Beer/Wine, Liquor and Entertainment.
Seller is moving out of the country
14 calendar days
Seller agrees to accept $100,000.00 cash down payment and the balance of the Purchase Price on a note for a period of 24 months at 6% interest per annum, secured by the assets of the Business.
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