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Businesses For Sale > Business For Sale in Kings County, New York (NY)

Bar & Hookah Lounge for sale in Kings County, NY

Kings County, New York (NY)

Asking Price: Gross: Cash Flow:
$ 369,000 $ 500,000 $ 140,000

Inventory Value:
$ 10,000 (included in the asking price)

Business Summary:
LISTING ID # 33951Fully Licensed Bar & Hookah Lounge. Price Reduced! They just completed a $100K renovation! 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. 2022 should be a great bounce back in revenue. In the past full year the business grossed approx. $500,000.00 with an owner's cash flow of approx. $140,000.00. 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 $369K 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!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 [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-33951 for instant access to this business information.

 

   
Year Business was Established: 2015
   
Number of Employees: 3FT/4PT  
   
Owner willing to train: Seller will train  
   
Reason for selling: Other opportunity.  
   
Seller Reference Number: 33951
BusinessMart.com Listing Number: 283489
 

 

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Vested Business Brokers
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