Hookah Bar and Lounge for sale is Turn-key Ready

Charlotte, NC
Mecklenburg County


Asking Price: Annual Revenue:
$695,000 $454,000

Food & Beverage: Restaurants, Fast Food, Deli


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RE: Hookah Bar and Lounge for sale is Turn-key Ready Broker: Justin Scotto

Quick Facts

Asking Price: $695,000
Annual Revenue: $454,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2012
Employees: 6
BBN Listing #: 43228096
Broker Reference #: 7976

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Business Overview:

Join a new craze of the Hookah industry as this cafe and Lounge for Sale takes the night life by storm. This hookah lounge for sale and cafe is growing at a crazy pace, and seller is ready to hand off the keys so he can enjoy retirement. Over $454,000 in net sales for 2019.

Hookah establishments are growing at a rapid pace in the United States. Typically, common in the Asia countries, Hookah is now even more popular in many US towns as young crowds enjoy the night life of the Charlotte market and this Hookah lounge for sale is in the middle of it all!

This 3,600 square Hookah and Cafe Lounge for Sale has the perfect setting for the night life, and if you contact We Sell Restaurants today to make an offer you could make this amazing location your own. This location has plenty of room and space for night life and getting the crowds in night after night. Patio space also included with several tables and furniture. With such a large space the rent is an easy $4,250 all in per month. More lease term available with the landlord, and even more space available if you want to expand the concept. Approximately 1,200 square feet available to add on for a full kitchen or dining area.

Many Hookah establishments such as this started throughout New York and California and now it is spreading across North Carolina. Typically, very popular with younger crowds, but starting to evolve to all age groups. Hookah locations such as this lounge for sale started out as coffee or tea houses and this lounge for sale is following in those common footsteps. In 2019 alone this location experienced over $454,000 in net sales.

This lounge for sale also doubles as a cafe serving several menu options, but also has many opportunities. Coffee is very common to be served at this Hookah lounge, but the opportunity is endless. Why not turn it into a desert bar to add another revenue stream? At this establishment there is also beer and wine available. Any new owner can apply for a beer and wine license and continue the sale of alcohol. Upon receiving your Coffee or Hookah there are many seating options to enjoy. There is the option of cafe tables inside and outside. Sit back and relax as there are many more options such as sofas, lounge chairs, and seating areas that just let you kick back and enjoy. For those customers that need a little more action with their Hookah, there are pool tables and games. These vending options also bring the new owner several more options of revenue.

This Hookah Lounge for sale and Cafe is very unique and will not last long. It is turn-key and ready to go for any new buyer wanting expansion. Make an offer today as it will be gone before you know it!

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

1 draft keg cooler 1 bunn coffee machine 1 SS prep table with built in sink 1 beer well cooler 1 wooden built in bar 50 hookahs 1 three compartment sink 1 ss hand sink 2 five foot ss prep tables 1 three foot ss prep table 30 bar stools 6 round tables 12 dining chairs 2 custom built in bar tops for hookahs 4 couches 4 chairs 2 coffee tables 4 tvs 3 wall speakers Ceiling speakers 1 music system 34 soft lounge chairs 5 lounge tables 4 side tables 4 sectional sofas 4 hookah lounge tables 2 side tables 8 ottomans 1 ice machine 1 single compartment sink 1 four foot ss prep table 1 mini fridge 1 microwave Misc wall shelves 2 storage cabinets 1 camera system with 12 cameras 1 office printer 1 office storage shelf 1 POS owned by vendor

Market Competition and Expansion:

Charlotte has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 38.0%

Reason for Selling:

Other

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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