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Hookah Lounge in Coeur d'Alene

Coeur D Alene, ID (Kootenai County) (Relocatable)

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Asking Price: $40,000

Cash Flow: N/A

Gross Revenue: $77,000

EBITDA: $38,000

FF&E: N/A

Inventory: N/A

Rent: $1,407 /Month

Established: 2015

Hookah Lounge in Coeur d'Alene

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Business Description

This successful and popular hookah lounge business is priced to sell with net income averaging approximately 49% of Gross Income. It is one of only 2 hookah lounges within the City of Coeur d'Alene and is a popular site with locals, especially on their featured party night that is hosted on site every other week. The lease is a modified gross lease with utilities averaging approximately $250/month and can be assigned to a new business owner with landlord prior approval. The business recently was approved for a wine and liquor license but alcohol sales have not yet started as of January 2019. The tobacco license is grandfathered in and the current tenant has installed an air filtration HVAC system valued at approximately $15,000 that is included in the sale price together with all the FF&E and inventory. The owner will transition the business to a new owner - location subject to landlord approval

Detailed Information

Location:
Coeur d Alene, ID
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,100
Lease Expiration:
3/1/2020
Employees:
1
Facilities:
Specialty venting system owned by business and installed in building valued ($15,000) all FF&E and inventory included in sales price. This is an asset sale for this successful and popular business
Competition:
Grandfathered tobacco license with none available in the market. Only 1 other lounge in the area Night club that 18 and older can visit
Growth & Expansion:
Owner just acquired a wine/beer license to expand the business
Support & Training:
Current owner will train
Reason for Selling:
Other businesses taking owners time
Business Website:
http://www.facebook.com/cdahookah/
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Lisa Holder

Business Listed By:
Lisa Holder

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