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Bar And Hookah Lounge In Brooklyn For Sale

Kings County, New York, US
Asking Price:
$350,000 (USD) Inventory / Stock included
Sales Revenue:
$728,000 (USD)
Cash Flow:
$200,000 (USD)

LISTING ID # 33951

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 [email protected] 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!

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Business Operation

Reasons for selling:

Other opportunity.

Employees:
3FT/4PT
Years established:
2013

Other Information

Support & training:

Seller will train

Furniture / Fixtures value:
$80,000 (USD)
Inventory / Stock value:
$10,000 (USD) - included in the asking price

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