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.

Financial

  • Asking Price: $5,095,000
  • Cash Flow: $1,840,000
  • Gross Revenue: N/A
  • 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 $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.

Is Support & Training Included:

Ask broker.

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 $24,000 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons individuals choose to sell companies. Nonetheless, the true reason and the one they say to you may be 2 totally different things. As an example, they might claim "I have way too many various commitments" or "I am retiring". For numerous sellers, these reasons stand. But also, for some, these might simply be excuses to try to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or a variety of other reasons. This is why it is really vital that you not count absolutely on a vendor's word, however instead, use the vendor's answer in conjunction with your total due diligence. This will repaint an extra realistic image of the business's existing circumstance.

Existing Debts and Future Obligations

If the existing business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Lots of companies borrow money so as to cover things such as inventory, payroll, accounts payable, etc. Bear in mind that in some cases this can mean that revenue margins are too thin. Lots of organisations 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 commitments to think about. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that should be satisfied or may cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

How do operating businesses in the location bring in brand-new clients? Many times, businesses have repeat consumers, which form the core of their daily earnings. Certain factors such as new competitors sprouting up around the location, road building and construction, as well as employee turn over can influence repeat clients as well as negatively influence future earnings. One essential point to take into consideration is the area of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the better the opportunity to build a returning client base. A last idea is the basic location demographics. Is the business situated in a densely inhabited city, or is it located on the edge of town? Exactly how might the local typical family earnings influence future income potential?