Hot Weekend Spot Hookah Lounge
www.GlobalBX.com
Listing ID:
700271341
Listing Title:
Hot Weekend Spot Hookah Lounge
Quick Link:
http://www.globalbx.com/listing.asp?bId=271341
Industry:
Retail
Industry Segment:
Other Retail
Country:
United States
State / Province:
California
Area
Southern California - All Southern California
City:
Moreno Valley
Asking Price Range:
< $250K
Gross Revenues:
$66,000
Cash Flow:
$66,000
Cash Flow Type:
EBITDA
Year Established:
2015
Number of Employees:
4 - 5
Business Description:
Opened in July 2015 this lounge has brand new paint and furniture. The lounge also features a pool table, 5 smart TV's all hooked up to amazon fire-stick where you can watch any tv episode or movie for free. A 70'' projector for playing Wii or PS4 and dart machines.
This location boasts 1500 sq foot inside and 2000 sq foot of patio use outside. Enough space for a large dance party or outdoor band. VIP circle area. Very crowded weekend spot.
Gross revenue per annum is over $60k. Asking price is $75k. A year in and this lounge is projected to make $10k per mo. for 2017.
Owner is selling because hei s having his first child in mid January of 2017 and he is selling all of his other business's that are 30 miles or farther from his house.
Assets: Furniture, Television, Pool table, refridgerator for cold drinks, shisha and hookahs estimated at $35k
Numbers: 35k assests / 66k in gross revenue for year one / tobacco permit up to date to 06/01/2017 / less than $1.00 sq ft on for lease. Operational costs are very low. High return within the first year.
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