Metro ATL Hookah Bar, Club, Restaurant & Lounge
Atlanta, GA Fulton County
Seller's Contact Information
- RE: Metro ATL Hookah Bar, Club, Restaurant & Lounge
- Contact: Steve Josovitz
- License #: 164878
Quick Facts
| Asking Price: | $4,200,000 | |
| Annual Revenue: | $3,517,232 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,540,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 127029193 | |
| Broker Reference #: | 4058 |
Business Overview:
Metro Atlanta Hookah Bar, Club, Restaurant & After Hours Lounge for Sale – $1,540,000 Net Profit.
Restaurant and Hookah Bar:
6,000/sf.
Capacity 500.
Two Bars.
Long-term lease at $9,800 per month all in.
Well established.
Full kitchen.
2018 Gross Sales was $1,394,497.93 with $300,000 Net Profit plus an additional $120,000 annually in cover charges.
2019 Gross Sales $1.800,000
2019 Net Profit $400,000
2020 Gross Sales $2,600,000
2020 Net Profit $700,000
2021 Gross Sales $3,126,016.04
2021 Net Profit $1,420,000
$4,000 weekly door charges are in addition to sales and profit.
Full Staff in place includes GM.
Food 25% of Sales.
Outdoor Patio.
Tons of dedicated free parking.
After Hours Lounge:
3,500/sf.
Capacity 100.
Open six nights.
Long-term lease at $4,200 per month all in.
Hookah and Food Only.
Liquor License Available.
Hookah sales are at 75% with Food at 25%.
2019 Gross Sales are $180,000 monthly with $72,000 Net Profit.
2020 Gross Sales are $440,000 with $165,000 Net Profit.
2021 Gross Sales $391,216.59
2021 Net Profit $120,000
Full staff in place.
Tons of dedicated free parking.
Priced at $4,200,000
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:
Restaurant and Hookah Bar: 6,000/sf. Capacity 500. Two Bars. Long-term lease at $9,800 per month all in. Well established. Full kitchen. $4,000 weekly door charges are in addition to sales and profit. Full Staff in place includes GM. Food 25% of Sales. Outdoor Patio. Tons of dedicated free parking. After Hours Lounge: 3,500/sf. Capacity 100. Open six nights. Long-term lease at $4,200 per month all in. Hookah and Food Only. Liquor License Available. Hookah sales are at 75% with Food at 25%. Full staff in place. Tons of dedicated free parking. Priced at $4,200,000
Market Competition and Expansion:
Ask broker for details
Reason for Selling:
Other business interests.
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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