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Business for Sale Summary

Bar & Hookah Lounge for sale in Brooklyn - 33951

Business Type: amusement parks/arcades/recreation,entertainment,misc. retail/non-classifiable,other eating & drinking places,restaurant/ cafes/ diners,bar/tavern/night clubs
Bar & Hookah Lounge for sale in Brooklyn
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Financial Information (non-confidential)

General Information
Asking Price $350,000 Down Payment $350,000
Gross Revenues $728,000 Lease Remaining Register Free to View
Owner’s Cash Flow $200,000 Number of FT Employees Register Free to View

Financing

$350,000 Down and

Business Description

Fully Licensed Bar & Hookah Lounge. This is a very rare find. Please note that no new hookah licenses are being issued in NY State. A lounge with a full liquor license is even more rare. This lounge was established in 2014 and is now one of the most popular in all of NY. They also have a partial electric appliance kitchen. It is in a fantastic neighborhood with tremendous foot traffic and repeat business. This location was closed for a short time during the state mandated Covid shutdown. Since reopening they have seen a great bounce back in revenue. In the past full year the business grossed approx. $728,000.00 with an owner's cash flow of over $200,000.00. There are 8 years left on the current lease with a rent of only $4,382 for an 1,600 sq. ft space. Currently they are open 7 days per week, M-Th 6pm-2:30am, Fri 5pm – 3:30am, Sat. 4pm - 3:30am, and Sun 5pm– 2:30am. We are seeking a serious and financially qualified buyer with at least $350K in liquid funds to cover the asking price. To learn more, please call, text or email Mel Vaz today at 631-767-0157 or melvaz@vestedbb.com. Proof of liquid funds shall be requested. All site visits must be discreet. Please do not speak with anyone when visiting the location. All meetings must be scheduled by appointment only!

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.