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Midtown Atlanta Upscale Hookah Bar & Ultra Lounge w/Kitchen for Sale

Atlanta, GA (Fulton County)

Midtown Atlanta Upscale Hookah Bar & Ultra Lounge w/Kitchen for Sale
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Asking Price: $850,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $625,000

Established: N/A

Midtown Atlanta Upscale Hookah Bar & Ultra Lounge w/Kitchen for Sale

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Business Description

Midtown Atlanta Upscale Hookah Bar & Ultra Lounge w/Kitchen for Sale – Hot Location – Profitable.

Full-service upscale restaurant, hookah bar and ultra lounge in the heart of Midtown Atlanta accessible to all of Metro Atlanta.

This is an incredible location in a stunning retail-residential development in the hottest area of Midtown.

Approximately 1,600/sf with seating for 50 plus 12-seat bar and outdoor patio for lounging.

Kitchen pumps out small plates and full entrée’s.

Well established.

Liquor Sales account for 60%, food 15%, hookah 25%,

2107 Gross Sales exceeded $1,000,000.
2017 Gross Sales with Absentee Owner pulled out $150,000 net.

2018 Gross Sales are approximately $125,000 per month.
2018 Net Profits are approximately $10,000 per month with Absentee-Owner.

Business is turnkey with solid front and back of the house staff.

$600,000 was spent on build-out to open the doors.

This fully equipped venue includes POS System with several terminals.

Rent at $8,000 per month which includes all extras.

Owner will extend full support during the transition.

Real Estate and business including furniture, fixtures, and equipment are priced at $850,000.

Purchase business alone at $225,000.

Detailed Information

Location:
Atlanta, GA
Real Estate:
Owned
Included in asking price
Building SF:
1,600
Facilities:
Approximately 1,600/sf with seating for 50 plus 12-seat bar and outdoor patio for lounging. $600,000 was spent on build-out to open the doors. This fully equipped venue includes POS System with several terminals. Rent at $8,000 per month which includes all extras.
Competition:
Please ask business broker for details.
Growth & Expansion:
Please ask business broker for details.
Support & Training:
Please ask business broker for details.
Reason for Selling:
Other business interests.
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Contact the Seller

(from currently available funds)
 
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Steven Josovitz

Business Listed By:
Steven L. Josovitz

Shumacher Restaurant Brokers

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Memberships & Certifications:
Indicates membership in The Georgia Association of Business Brokers (GABB).

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Demographic Information

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