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Popular Hookah Lounge in busy center with rare 4am license

Broward County, Florida

Asking Price: Gross: Cash Flow:
$149,000 $313,186 $82,543

Furniture and Fixtures Value:
$100,000 (included in the asking price)

Inventory Value:
$2,000 (included in the asking price)

Real Estate:
$0 ( not included in the asking price)

Business Summary:
Popular 15-year-old Hookah Bar and restaurant with 2 COP licenses and a rarely available 4 am license in a busy nightlife-filled shopping center in West Broward near a college campus. The lounge has been at this location for 9 years and has a loyal following in the short hours that are open.7 pm-2 am Sun-Thursday and 7 pm-4 am on Friday and Saturday. Seller will give buyer credit to install hood in the kitchen and expand the food sales which has lots of potential, currently only 10-15% of the sales are food. Lots of traffic in the center for nightlife surrounding the lounge so with marketing this could be a really great growth opportunity for the right person. Partnership split forces sales but one of the partners is open to helping transition new owners for a few months and pass on ideas in place to blow up the business. This Florida-based company for sale is offered by Transworld Business Advisors, the number one business brokerage in the world. With local presence AND global marketing reach, Transworld Business Advisors provides main-street and lower-middle-market business owners and buyers with transaction expertise. Inquire for more details and learn how you can buy a business for as little as 10% down on qualified SBA listings or how to use creative financing options to get a deal done! Get added to our buyer list today to receive notifications as businesses with your criteria hit the market! For more information on this business for sale contact listing agent Jesse Peraza at 7542243125. Please refer to listing #2201195553.

 
   
   
Year Business was Established: 2008
   
Number of Employees: FT: 3 Mgrs: 1  
   
Facilities / Terms of Lease: Lease/Month: 5608.45 Square Footage: 2000 Building Type: strip center Terms & Options: available Expiration Date: 8/1/2026  
   
Competition: Non Compete : Miles: 150 Years: 3  
   
Owner willing to finance: Loan/Seller - Amt: $74,000 Mos: 48 Rate: 6.00 Mo Pmt: $1737.89  
   
Owner willing to train: Weeks Training: 4 Cost: $0  
   
Reason for selling: Partnership dissolution  
 

 

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