Business Overview

Metro Atlanta Hookah Bar, Club, Restaurant & After Hours Lounge for Sale – $1,540,000 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

$4,000 weekly door charges are in addition to sales and profit.
Full Staff in place includes GM.
Food 25% of Sales.
Outdoor Patio.
Tons of dedicated free parking.

After Hours Lounge:
3,500/sf.
Capacity 100.
Open six nights.
Long-term lease at $4,200 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.

Priced at $4,200,000

Financial

  • Asking Price: $4,200,000
  • Cash Flow: $1,540,000
  • Gross Revenue: $3,516,232
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: N/A
About The Facility:

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. $4,000 weekly door charges are in addition to sales and profit. Full Staff in place includes GM. Food 25% of Sales. Outdoor Patio. Tons of dedicated free parking. After Hours Lounge: 3,500/sf. Capacity 100. Open six nights. Long-term lease at $4,200 per month all in. Hookah and Food Only. Liquor License Available. Hookah sales are at 75% with Food at 25%. Full staff in place. Tons of dedicated free parking. Priced at $4,200,000

Is Support & Training Included:

Ask broker for details.

Purpose For Selling:

Other business interests.

Pros and Cons:

Ask broker for details.

Opportunities and Growth:

Ask broker for details.

Additional Info

The building is leased by the business for $14,000 per Month

Why is the Current Owner Selling The Business?

There are all types of reasons why individuals decide to sell businesses. However, the genuine reason and the one they say to you might be 2 completely different things. For instance, they might say "I have way too many other commitments" or "I am retiring". For numerous sellers, these reasons are valid. But, for some, these may simply be justifications to try to hide the reality of changing demographics, increased competition, recent reduction in revenues, or an array of various other factors. This is why it is very essential that you not count completely on a seller's word, yet instead, utilize the seller's response along with your overall due diligence. This will paint an extra practical image of the business's current situation.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous operating businesses borrow money so as to cover items like inventory, payroll, accounts payable, and so on. Keep in mind that in some cases this can imply that earnings margins are too small. Lots of businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with suppliers that have to be fulfilled or might result in fines if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do businesses in the location bring in brand-new consumers? Many times, businesses have repeat customers, which form the core of their daily revenues. Certain aspects such as brand-new competition sprouting up around the area, road building and construction, as well as staff turnover can influence repeat clients and negatively affect future incomes. One vital thing to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more individuals that see the business regularly, the higher the opportunity to build a returning client base. A final thought is the basic area demographics. Is the business placed in a largely inhabited city, or is it situated on the outskirts of town? How might the regional average home earnings impact future revenue potential?