Business Overview:
Established hookah lounge with coffee shop in a very busy corner shopping center with regular customers for the last 20 years. There is a grandfather clause permit to operate this business as a hookah lounge with inside smoking and as a coffee shop at the same time. This is a very well known place for the customers who come from a long way just to meet up & see their friends. Besides the Hookahs with different tobacco flavors, beverages, sandwiches & other types of food are also served
The current owner is a professional person who stepped in the place just once in the last 2 month of ownership & bevies if someone spends some time in the business they can make very good money. At this time the operation starts at 6:00 PM. The new owner can operate the coffee shop during the day as well as some sort of food outlet to increase the sale & profitability, since the hood & other related equipments are in place & it is a high traffic location.
The average daily sales has been above $600 in the last 2 months, which traditionally are considered to be the slowest months of the year and it is usually increase to over $1,000 daily in the spring & summer months.
The owner is contemplating to lease the adjacent location & turn it to a pool hall or some other complement business to the current one.
Annual Revenue: $288,000 (Projected)
FF&E (Included in the price): $35,000
Inventory (Included in the price): $3,000
Seller’s Discretionary Cash Flow: $60,000 (Projected)
Asking Price: $99,000
Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Orange Coast or its agents have not verified the information and makes no representations as to its accuracy or reliability.
For more information contact Mehdi Kazerooni,
at SUNBELT BUSINESS BROKERS of ORANGE COAST at 714-619-9310.
fax: 949-861-6498. email: mehdi@sunbeltorange.com
For a complete listing of our currently available business opportunities go to:
www.sunbeltorange.com
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
920 square feet rent $2,140.lease expires 2015 - 5 year option. ample parking.
Reason for Selling:
other ventures.
Additional Details:
- The property is leased.
- The owner is not willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.