Excellent, money making restaurant with hookah

Business Overview:

HIGH PROFIT HOOKAH LOUNGE & RESTAURANT!
** High Sales & Profit! **
This Mediterranean restaurant and hookah lounge is profitable, and located in an excellent, high traffic, high exposure location in Gwinnett County, GA. The current owner started the business in 2013, and now wishes to raise money for real estate project.

HOT BUSINESS - CALL FOR DETAILS!

This business is sharp!


• Owner puts in ~20 hours/week.
• Excellent, high traffic location
• ~70 indoor seats, lounge seating, 30 outdoor
• This business has steady, established sales and income.
• Located on a busy roadway with high traffic count
• Ability to add other services


Sales – 2017 sales on books were more than $800,000, or ~$1.2 MM+

Cash Flow: 2017 discretionary profit on books ~$80,000, or ~$400,000+


Employees – 9 Full Time 2 cooks, 7 servers


Facility: Leased **

• ~6,000 square feet,
• Monthly Rent: ~$7,500 gross (includes CAM, tax, insurance)


Asking Price for business: $795,000 including all furniture, fixtures, equipment, inventory


The asking price is based on the current business income at 2 x cash flow (ROI 50%+), the security of income of the business, and the costs (more than $400,000) necessary to set up and establish a restaurant and bar of this type and location.

The business can generate an owner-operated 50% return on investment for an all cash deal.

TOP NOTCH HIGH PROFIT RESTAURANT & HOOKAH LOUNGE!
Call for a look!

For additional information, call Priority Business Acquisitions.
* Information in this flyer is given to best of Seller and Broker’s knowledge. Buyer must verify all information prior to closing.
** Broker is leasing agent for shopping center of business location.

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:

Great location and traffiic.

Market Competition and Expansion:

Unique opportunity in excellent location.

Reason for Selling:

Real estate investment.

Additional Details:

Documents:

Relevant Links:

• View more Georgia businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker

Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.