Listing ID: 80195
Downtown Atlanta GA Hookah Lounge for Sale – Open, Turnkey w/Brand New Kitchen – Long Term below Market Lease
Downtown Atlanta GA Hookah Lounge for Sale.
Open and Operating.
Brand New Kitchen.
Long-term below lease with great Landlord.
$6,000 per month all.
$450,000 to open doors.
Keep or convert.
Buyer may keep name but books and records other than lease, fixed costs and equipment list are being provided.
- Asking Price: $450,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
Downtown Atlanta GA Hookah Lounge for Sale – Open, Turnkey w/Brand New Kitchen – Long Term below Market Lease. Downtown Atlanta GA Hookah Lounge for Sale. Open and Operating. Turnkey. Brand New Kitchen. 4,000/sf. Long-term below lease with great Landlord. $6,000 per month all. Twenty-year lease. $450,000 to open doors. Keep or convert. Buyer may keep name but books and records other than lease, fixed costs and equipment list are being provided.
Other business interests.
Keep or convert.
The property is leased by the business for $6,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals resolve to sell companies. However, the genuine reason and the one they tell you may be 2 completely different things. For instance, they might claim "I have a lot of various responsibilities" or "I am retiring". For numerous sellers, these reasons stand. However, for some, these may just be reasons to try to hide the reality of changing demographics, increased competition, recent reduction in profits, or a variety of various other reasons. This is why it is very important that you not rely absolutely on a vendor's word, but rather, make use of the seller's answer combined with your general due diligence. This will repaint a more practical picture of the business's existing circumstance.
Existing Debts and Future Obligations
If the existing company is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Many companies take out loans so as to cover points like inventory, payroll, accounts payable, etc. Keep in mind that sometimes this can mean that earnings margins are too tight. 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 additionally be future obligations to consider. There might be an outstanding lease on tools or the building where the business resides. The business may have existing contracts with vendors that should be met or might cause penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do businesses in the location bring in new clients? Most times, companies have repeat customers, which develop the core of their daily profits. Particular variables such as new competition growing up around the area, roadway building, as well as personnel turnover can affect repeat consumers and also negatively influence future earnings. One crucial point to think about is the area of the business. Is it in an extremely trafficked shopping mall, or is it hidden from the highway? Undoubtedly, the more individuals that see the business often, the better the chance to build a returning customer base. A final thought is the general location demographics. Is the business placed in a densely inhabited city, or is it located on the outskirts of town? How might the local median family income influence future earnings prospects?