Metro Atlanta Multi-Unit Hookah Bar, Club, Lounges

Atlanta, GA
Fulton County


Asking Price: Annual Revenue:
$5,095,000 Not Disclosed

Food & Beverage: Bars, Clubs, Nightspots


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RE: Metro Atlanta Multi-Unit Hookah Bar, Club, Lounges Broker: 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

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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.

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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 a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

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