Opportunity to get into a super high margin and very profitable Hookah lounge and café, walking distance to the beach and right in the middle of the PB restaurant and bar scene.
Location is outstanding for this concept, and they just signed a below market rate lease.
Seller has recently completed building location out, all permits, and licenses are in place, including the very difficult to secure tobacco license.
It’s a beautiful lounge and cafe that is has been set up very nicely.
It is a turnkey location and ready to go. Brand new signage is up, and it looks great.
There is even have a covered street patio in addition to the sidewalk patio space where they can also put tables and chairs.
They have a separate kitchen with cold storage, microwave and warming oven. There is already a grease trap in place. Location does not have a hood system, but one could be added if you wanted to expand your menu.
Hookah is the draw and the high margin item they sell but there is a coffee bar selling pastries, desserts and many other pre-made items that they are able to heat up and supplement the Hookah experience.
Seller does not want to sell but he is selling, and his loss is your gain.
They have employee issues and have had to close down, now is the time for you to bring your own employees and get this place opened back up. It’s a bargain at twice the price so getting it at this price is an unbelievable deal.
They completed construction and build out in March of 2021, hit ground running and sales were booming without even trying.
They had averaged over 30k per month in sales with net income of over 10k per month.
Seller stated net income in five months was 55k.
Space is approximately 1624 Sq feet with base rent of $7073 and NNN of $926. All in rent at 8k is a great deal for this area.
They even have a dedicated parking spot which is rare at the beach. Lots to like about this place, come see the custom furniture, two separate bathrooms, a VIP area downstairs and even a private owner access only space upstairs.
Are you ready to get in cheap and reap the rewards, call/text/email today to set up a visit.
|2014 Total Population||48,464||126,178||279,271|
|2010 Number Of Households||23,349||54,637||122,295|
|2010 Persons Per Household||1.93||2.17||2.16|
|Median House Value||$717,300||$566,380||$550,270|
|Income Per Household||$64,478||$63,381||$62,505|
|2009 Number Of Businesses||1,552||4,206||9,654|
|2012 Number Of Employees||38,288||109,858||270,036|
|2012 Total Annual Payroll||$597,135,000||$1,989,184,000||$4,294,967,295|
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