This is a great opportunity to own a well established and popular Hookah Lounge in a downtown location of Kent County. Established since 2013, this spacious and well decorated, comfortable seating arrangement lounge has a loyal and repeating customer base. The lounge offers a unique club and relaxing atmosphere where customers can enjoy a large variety of flavored hookahs, snacks and drinks while socializing with friends or simply unwinding after a long day. All furniture, fixtures and equipment are in excellent conditioned and maintained regularly. Current owner does not advertise…a new owner/operator with some creative advertising/marketing along with opening earlier in the day, expand on the selection of flavored hookahs, live entertainment & DJ, offering a retail counter, having a strong social media presence and offering private party events, you have HUGE potential to the already solid sales. This Hookah lounge is turn-key and will not disappoint. Seller will train and entertain all reasonable offers. A must see/must have business that will not last long! Call Armen Nazarian Business Brokers
- Asking Price:
- $149,000
- Sales Revenue:
- $336,104
- Cash Flow:
- $84,488
Property Information
- Real Estate:
-
Lease
- Premises Details:
-
The lounge offers a unique club and relaxing atmosphere where customers can enjoy a large variety of flavored hookahs, snacks and drinks while socializing with friends or simply unwinding after a long day. All furniture, fixtures and equipment are in excellent conditioned and maintained regularly.
- Size in square feet:
- 4,350
Business Operation
- Expansion Potential:
-
Current owner does not advertise…a new owner/operator with some creative advertising/marketing along with opening earlier in the day, expand on the selection of flavored hookahs, live entertainment & DJ, offering a retail counter, having a strong social media presence and offering private party events, you have HUGE potential to the already solid sales.
- Reasons for selling:
-
Owner is Relocating
- Employees:
- 5
- Years established:
- 11
Other Information
- Financing available:
-
$149,000 with $65,000 down. 8% int., amortized over 84 months, balloon due in 36 months
- Inventory / Stock value:
- $10,000
