Well-Known Hookah Lounge Near USF Campus

Tampa, FL (Hillsborough County)

Seller Financing Available
Well-Known Hookah Lounge Near USF Campus
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Asking Price: $69,995

Cash Flow: $56,000

Gross Revenue: $100,000

EBITDA: N/A

FF&E: $15,000

Inventory: $1,500

Rent: $2,278.50 /Month

Established: 2008

Well-Known Hookah Lounge Near USF Campus

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Business Description

Well-Established and Highly Rated

This lounge has been offering a broad menu featuring the best hookah and other options to patrons for nearly 10-years in the vicinity of the University of South Florida (USF). The Lounge is widely known for serving the most delicious menu in the area. The lounge has a great reputation on Yelp, Google, and social media and business is strong. The lounge is well-known as a great place for people to relax after a hard day’s work, dates and social gatherings! Due to the laid-back environment it is also regarded as a top place for USF students to study so the Lounge is not just about weekends.

The Market and Hookah Trends
The unprecedented appeal and potential for hookah products is growing at a rapid pace due to the rising demand from not only students but consumers of all ages. Especially with the economy rebounding and disposable incomes recovering, the timing is perfect. Regardless of the state of the economy, however, the Lounge has been an integral part of many USF students’ college experience so it has survived and thrived as other lounges and businesses have fallen by the wayside. USF is one of the largest universities in the Nation and as it grows the Lounge will grow with it. With hookah becoming more mainstream, it is no longer something only students, celebrities, and counterculture people do. In addition, the varied menu at the Lounge serves to further its appeal. The market for hookah and the other options the Lounge now offers will continue to grow and the Lounge will be a staple for college students, residents, and Tampa visitors for years to come.

Detailed Information

Location:
Tampa, FL
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,300
Lease Expiration:
N/A
Employees:
5
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Hookahs and equipment, refrigerators, sofas, tables, fixtures, POS system and printers, storage shelves, shredder, label machine, security camera system with 8 cameras and DVR, TVs, music/video distribution and sound equipment, safe, credit card terminal.
Competition:
Location can make all the difference and you could not ask for a better location. This is one of the closest hookah lounges to campus and a short walk from two USF Bull Runner "F" route stops.
Financing:
Only as a last resort with a significant down payment and a short term.
Support & Training:
Available/Negotiable
Reason for Selling:
Moved across the country
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Business Listed By:
Daniel

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