Business Overview:
Metro Atlanta Hookah Bar, Lounge & Restaurant for Sale – $780,000 Net Profit
Restaurant and Hookah Bar:
6,000/sf.
Capacity 500.
Two Bars.
Long term lease at $7,800 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 are running $150,000 monthly
2020 Net Profit $50,000 monthly.
$4,000 weekly door charges is in addition to sales and profit.
Full Staff in place includes GM.
Food 25% of Sales.
Outdoor Patio.
Tons of dedicated free parking.
$500,000 to open doors.
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 $40,000 monthly with $15,000 Net Profit.
Full staff in place.
Tons of dedicated free parking.
$100,000 to open doors.
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Property Features and Assets:
Restaurant and Hookah Bar:
6,000/sf.
Capacity 500.
Two Bars.
Long term lease at $7,800 per month all in.
Lounge:
3,500/sf.
Capacity 100.
Open six nights.
Long term lease at $4,200 per month all in.
Market Competition and Expansion:
Ask business 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 a homebased business opportunity.
- This is not a franchise resale opportunity.
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