Profitable Hookah Lounge in a great location!

Jacksonville, FL (Duval County)

Seller Financing Available
Profitable Hookah Lounge in a great location!
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Asking Price: Get Financing: $170,000

Cash Flow: $88,595

Gross Revenue: $324,131

EBITDA: N/A

FF&E: $22,000

Inventory: $6,700

Established: 2013

Profitable Hookah Lounge in a great location!

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Business Description

Prime location Hookah Lounge on a BUSY street in the Southside of Jacksonville. Up and coming industry with tons of potential. Seller is tired -- new owner with nightclub experience could ramp up this business and double profits quickly! 2200 sq ft with 5-year lease and beer and wine license makes it perfect! Hookah and Bar manager in place. Ready for a new owner! Call today for the NDA -- it will not last long. Full memo on file with 3 years of tax returns. Seller ready to move quickly.

Detailed Information

Inventory:
Included in asking price
Employees:
8 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Seating for 100 people plus 2 private gazebos in this 2200 sq ft. Seller will work with the buyer to renew the lease.
Financing:
$100k down/$70k for 12 mos. @ 7%.
Support & Training:
Will train for 2 weeks @ $0 cost. This hookah bar sells hookah, beer, wine and light snacks. Buyer must be able to qualify for liquor and tobacco licenses.
Reason for Selling:
Seller is Retiring.
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Kimberly Deas

Business Listed By:
Kimberly Deas

Murphy Business & Financial Services

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