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Business for Sale Summary

Lounge For Sale in Kings County, NY - 32962

Business Type: bar/tavern/night clubs
Lounge For Sale in Kings County, NY
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This business has received 24 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $250,000 Down Payment $100,000
Gross Revenues $250,000 Lease Remaining Register Free to View
Owner’s Cash Flow $110,000 Number of FT Employees Register Free to View

Financing

$100,000 Down and 150,000 at 6% For 36 Months

Business Description

This Lounge is a smoking hot opportunity. Great prime location, right in the heart of one of the busiest parts of Brooklyn. Very popular among the community, this establishment is fully equipped with over 70 hookahs and is well ventilated. There are several TVs and has a great Mediterranean vibe.. A full sized kitchen offers a wide array of finger foods which compliments the wide variety of tobacco selections. With seating for over 100 patrons, the space is almost 3000 square feet. There is a large basement which is used for storage, an office and ice machine. Rent is very affordable at $5500 per month, and there are 10 years left on the lease. A new owner can apply for a liquor license to add more revenue, and perhaps open at noon to cater to a hungry lunch crowd. Owner is willing to train and make the transition smooth, or he is willing to enter into a partnership and stay on board with a qualified buyer. Please be very discrete when visiting the lounge as the employees and patrons are unaware of the sale intention. Kindly call Ross Lombardo at 877-735-5224 to set up an appointment to speak with the owner.

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.