Hookah Lounge For Sale in Kings County, NY

Not Disclosed, NY
Kings County


Asking Price: Annual Revenue:
$250,000 $250,000

Food & Beverage: Bars, Clubs, Nightspots


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RE: Hookah Lounge For Sale in Kings County, NY Broker: Ross Lombardo
Owner Financing is Available!
$175,000.00 Down & $75,000 at 7% For 36 Months.

Quick Facts

Asking Price: $250,000
Annual Revenue: $250,000
Net Profit: Not Disclosed
Cash Flow: $110,000
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 1911
Employees: 4
BBN Listing #: 11314447
Broker Reference #: 32962

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Business Overview:

This Hookah lounge is a smoking hot opportunity. Great prime location, right in the heart of one of the busiest parts of Brooklyn. Very popular amongst the community, this establishment is fully equipped with over 70 hookahs and is well ventilated. There are several TV's and has a great Mediterranean vibe.. A full sized kitchen offers a wide array of finger foods which compliments the wide variety of tobacco selections. With seating for over 100 patrons, the space is almost 3,000 square feet. There is a large basement which is used for storage, an office and ice machine. Rent is very affordable at $5,500 per month, and there are 10 years left on the lease. A new owner can apply for a liquor license to add more revenue, and perhaps open at noon to cater to a hungry lunch crowd. Owner is willing to train and make the transition smooth, or he is willing to enter into a partnership and stay on board. Please be very discrete when visiting the lounge as the employees and patrons are unaware of the sale intention. Kindly contact Ross Lombardo to set up an appointment to speak with the owner. Please use email reply button of this ad to contact us.

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Reason for Selling:

Moving

Additional Details:

  • The property is owned.
  • 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.

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