X-Hale Hookah Lounge

Cranston, RI (Providence County)

Xhale sign lit at night
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Asking Price: $150,000

Cash Flow: $95,000

Gross Revenue: $150,000

EBITDA: N/A

FF&E: $40,000

Inventory: $2,000

Rent: $1,800 /Month

Established: 2016

X-Hale Hookah Lounge

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Business Description

*Price adjusted for QUICK SALE* Turn-Key Business

Xhale Hookah Lounge is a very rare and unique opportunity. If you are a business owner or looking to take advantage of your first turn-key business this is for you. This business only operates 25 Hours a week, Wednesday through Sunday 8pm-1am. This business can be fully operated offsite, with high quality security cameras in place as well as a brand new POS system. We are BYOB only, but there is room for a bar to be added, which can be assisted with. The city of Cranston has already approved the lounge for a liquor license. We have two resident DJs, as well as a business Instagram page @xhalehookahri to keep customers excited and aware of promotions. If you are interested in stopping by, this is an opportunity you do not want to miss.

Detailed Information

Location:
Cranston, RI
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,500
Lease Expiration:
N/A
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This hookah lounge is located off of Park ave, which is one of Cranstons busiest streets. This business is located in one of the newer strip centers in Cranston. Located in the corner of strip with outside patio. Everything in the business is included in the sale. Such as the furnishings, newly added speaker system, hookahs and much more.
Competition:
The hookah lounge industry is very popular and only continuing to grow. Only hookah lounge of its kind in Cranston Rhode Island. Also one of two hookah lounges in the RI/MA/CT area that is BYOB approved. Benefits of this location is that their's plenty of parking and not to far from highway/interstate access.
Growth & Expansion:
This business is only in it's third year and has grown year after year. The business still has plenty of room for growth in its current state. Additionally if a bar was added to this lounge it would only create that much more room for growth both customer wise and gross wise. This business was already approved by the city to have a full liquor license and can be a part of this deal.
Support & Training:
Owner is willing to train and go over all aspects of managing the business.
Reason for Selling:
Owner is moving out of state
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Business Listed By:
Mouayad Alkabouni

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