Metro Atlanta Hookah Bar, Club, Restaurant & After Hours Lounge for Sale – $1,540,000 Net Profit
Metro Atlanta Hookah Bar, Club, Restaurant & After Hours Lounge for Sale – $1,540,000 Net Profit
Price: $4,200,000
Location: Fulton
Industry: American Restaurants, Bars, Pubs and Taverns
Listing ID: 4058
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
Gross Revenue: $3,516,232
Cash flow: $1,540,000
Reason For Sale:
Other business interests.
Training & Support:
Ask broker.
Year Established: Ask broker.
Days & Hours of Operation: Ask broker.
Owner Hours Per Week: Ask broker.
Non-Owner Payroll: Ask broker.
Employees: Ask broker.
Managers: Ask broker.
Monthly Rent: 14000
Type of Location: Ask broker.
Square Footage: 9500
Facilities Information:
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
Competition:
Ask broker.
Potential Growth:
Ask broker.