Metro Atlanta Multi-Unit Hookah Bar, Club, Lounges
Atlanta, GA Fulton County
Seller's Contact Information
- RE: Metro Atlanta Multi-Unit Hookah Bar, Club, Lounges
- Contact: Steve Josovitz
- License #: 164878
Quick Facts
| Asking Price: | $5,095,000 | |
| Annual Revenue: | Not Disclosed | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $1,840,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 771029193 | |
| Broker Reference #: | 4059 |
Business Overview:
Metro Atlanta GA Multi-Unit Hookah Bar, Club, Lounge & Restaurants for Sale – Buy One or All Three – Well Established – $1,840,000 2021 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
Door Charges account for $220,000 in profit alone.
Full Staff in place includes GM.
Food 25% of Sales.
Outdoor Patio.
Tons of dedicated free parking.
Lounge:
3,500/sf.
Capacity 100.
Open six nights.
Long-term lease at $4200 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.
Restaurant and Hookah Bar is sold only as a pair and priced at $4,200,000
North Atlanta Nightclub & Restaurant:
10,000/sf.
Capacity up to 900.
Two Bars.
Long-term lease at $10,000 per month all in.
Full kitchen.
Open six nights only.
2019 Gross Sales $600,000.
2019 Net Profit of $240,000.
2020 Gross Sales $1,000,000
2020 Net Profit $385,000
2021 Gross Sales $1,039,255.49.
2021 Net Profit 300,000.
Tons of dedicated free parking.
Full Staff in place includes GM.
Food 25% of sales.
The owner works 20-hours weekly.
Priced at $895,000 and may be purchased separately.
All three businesses are priced at $5,095,000.
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 $9800 per month all in. Well established. Full kitchen. Full Staff in place includes GM. Food 25% of Sales. Outdoor Patio. Tons of dedicated free parking. Lounge: 3,500/sf. Capacity 100. Open six nights. Long-term lease at $4200 per month all in. Hookah and Food Only. Liquor License Available. Full staff in place. Tons of dedicated free parking. Restaurant and Hookah Bar is sold only as a pair and priced at $4,200,000 North Atlanta Nightclub & Restaurant: 10,000/sf. Capacity up to 900. Two Bars. Long-term lease at $10,000 per month all in. Full kitchen. Open six nights only. Tons of dedicated free parking. Full Staff in place includes GM. Food 25% of sales. The owner works 20-hours weekly. Priced at $895,000 and may be purchased separately. All three businesses are priced at $5,095,000.
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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