Hookah Lounge And Mediterranean Restaurant
Location California,United States
Asking Price Range < $250K
Gross Revenues $336000
Net Profit / Cash Flow $168000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2007
Number of Employees 6 - 9
Inventory 7000
Relocatable No
Number of Employees 6 - 9
Real Estate Leased
Training 2 weeks 30 hours per week.
Reason for Sale Other business interests.
Description Hookah Lounge & Mediterranean Restaurant Corporate Catering. This large 3,000 square foot space with phenomenal 1,000 square foot patio is a warm and inviting location to spend the afternoon or evening and socialize with your friends or make new ones. Heavily trafficked by the local student body, the local community, and older adults alike, this restaurant brings in a wide swath of people from many different backgrounds.
Presently the location has live music on the weekends, and there is a DJ some nights as well. Sales are 70% hookah revenue, 30% food sales. High end fixtures include comfortable patio furniture, granite counter tops, plus a huge kitchen with walk-in cooler and freezer and separate ADA restrooms.
A liquor license could be a possibility here, however, the subject business will only be sold as-is without a liquor license as a specific condition of closing. NDA is required for exact business address and to schedule an appointment with our Agent Tony Madoyan to view the premises.
Detailed Information
Facilities: 3,000 square foot space with outdoor patio of 1,000 square feet provide ample opportunity to service the clientele. Fully turnkey and built out, no significant improvements required.
Competition: There are a few other hookah lounges in the area, but none that are the same caliber as this opportunity.
Growth/Expansion: Currently there is no liquor license, Buyer would need to explore outside the scope of the present transaction.
Support/Training: 2 weeks 30 hours per week.
Reason Selling: Other business interests.
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