Business For Sale

Upscale Hookah Bar/Ultra Lounge w/Kitchen-Profitbl

Atlanta, GA
Fulton County

Midtown


Asking Price: Annual Revenue:
$850,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Upscale Hookah Bar/Ultra Lounge w/Kitchen-Profitbl Broker: Steve Josovtiz
License #: 164878

Quick Facts

Asking Price: $850,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $625,000
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 498829193
Broker Reference #: 1953

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Business Overview:

Midtown Atlanta Upscale Hookah Bar & Ultra Lounge w/Kitchen for Sale – Hot Location – Profitable.

Full-service upscale restaurant, hookah bar and ultra lounge in the heart of Midtown Atlanta accessible to all of Metro Atlanta.

This is an incredible location in a stunning retail-residential development in the hottest area of Midtown.

Approximately 1,600/sf with seating for 50 plus 12-seat bar and outdoor patio for lounging.

Kitchen pumps out small plates and full entrée’s.

Well established.

Liquor Sales account for 60%, food 15%, hookah 25%,

2107 Gross Sales exceeded $1,000,000.
2017 Gross Sales with Absentee Owner pulled out $150,000 net.

2018 Gross Sales are approximately $125,000 per month.
2018 Net Profits are approximately $10,000 per month with Absentee-Owner.

Business is turnkey with solid front and back of the house staff.

$600,000 was spent on build-out to open the doors.

This fully equipped venue includes POS System with several terminals.

Rent at $8,000 per month which includes all extras.

Owner will extend full support during the transition.

Real Estate and business including furniture, fixtures, and equipment are priced at $850,000.

Purchase business alone at $225,000.

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Property Features and Assets:

Approximately 1,600/sf with seating for 50 plus 12-seat bar and outdoor patio for lounging. $600,000 was spent on build-out to open the doors. This fully equipped venue includes POS System with several terminals. Rent at $8,000 per month which includes all extras.

Reason for Selling:

Other business interests.

Additional Details:

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

Relevant Links:

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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