Business Overview

North Atlanta Nightclub, Hookah Lounge & Restaurant for Sale – $300,000 2020 Net Profit – 10,000/sf with 2-Bars, Stage & Large Kitchen

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.

Financial

  • Asking Price: $895,000
  • Cash Flow: $300,000
  • Gross Revenue: $1,039,255
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

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.

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 real estate is leased by the company for $10,000 per Month

Why is the Current Owner Selling The Business?

There are all sorts of reasons people resolve to sell companies. However, the real reason vs the one they say to you might be 2 entirely different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these might just be justifications to try to hide the reality of changing demographics, increased competition, recent reduction in revenues, or an array of other factors. This is why it is very vital that you not count entirely on a seller's word, but instead, make use of the vendor's response combined with your total due diligence. This will repaint a more reasonable picture of the business's present situation.

Existing Debts and Future Obligations

If the existing business is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your offer. Lots of operating businesses borrow money so as to cover items like stock, payroll, accounts payable, etc. Remember that occasionally this can indicate that profit margins are too tight. Numerous businesses come under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be met or might result in penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the location attract new consumers? Often times, businesses have repeat clients, which develop the core of their day-to-day profits. Particular aspects such as brand-new competitors growing up around the location, roadway building, and personnel turn over can influence repeat customers as well as adversely impact future earnings. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Undoubtedly, the more individuals that see the business often, the greater the opportunity to construct a returning consumer base. A last thought is the basic area demographics. Is the business situated in a densely inhabited city, or is it situated on the outskirts of town? How might the neighborhood average home income effect future earnings prospects?