Business Overview

Atlanta Ultra Lounge, Hookah Bar for Sale w/Full Kitchen – Over $1M Net Profit – Luxurious State of the Art Space – Low Rent – Mint Condition – Full Staff

Atlanta Ultra Lounge & Hookah Bar for Sale.

Over $1M Net Profit.

8,942/SF.

Full kitchen.

Rent at $9,080 monthly.

2021 $1,064,266 Net Profit
2021 $2,112,227 Gross Sales

Staff breakdown by position and pay:

Waitress $2.42 Hourly + Plus Tips
Bartender $2.42 Hourly + Plus Tips
Barback $5.87 Hourly+ Plus Tips

GM Salary: $78,000

Assistant Managers salaries: $150 a shift

Security ($2,500-$4,500 Weekly)

Mint Condition.

Full Staff.

Luxurious State of the Art Space.

Financial

  • Asking Price: $3,000,000
  • Cash Flow: $1,064,266
  • Gross Revenue: $2,112,227
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

8,942/SF. Full kitchen. Rent at $9,080 monthly. Condition. Full Staff. Luxurious State of the Art Space.

Is Support & Training Included:

Ask broker for details.

Purpose For Selling:

Other business interests.

Pros and Cons:

Ask broker.

Opportunities and Growth:

Ask broker.

Additional Info

The property is leased by the business for $9,080 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people choose to sell businesses. Nonetheless, the true reason and the one they tell you might be 2 totally different things. As an example, they may claim "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be justifications to try to conceal the reality of changing demographics, increased competition, current reduction in incomes, or an array of other reasons. This is why it is extremely essential that you not depend totally on a vendor's word, but instead, utilize the seller's response together with your total due diligence. This will paint a more realistic picture of the business's current scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your deal. Many businesses finance loans in order to cover things like stock, payroll, accounts payable, and so on. Keep in mind that occasionally this can indicate that profit margins are too small. Many companies come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that have to be fulfilled or might lead to fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do operating businesses in the location bring in new customers? Many times, businesses have repeat consumers, which form the core of their day-to-day revenues. Specific variables such as new competition sprouting up around the area, roadway construction, as well as staff turnover can influence repeat clients and negatively affect future incomes. One vital point to consider is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business regularly, the greater the possibility to develop a returning customer base. A last idea is the general location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Just how might the local median family income impact future revenue potential?