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Lounge In Kings County Ny For Sale

Kings County, New York, US
Asking Price:
$250,000 (USD)
Sales Revenue:
$250,000 (USD)
Cash Flow:
$110,000 (USD)

LISTING ID # 32962

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 to set up an appointment to speak with the owner.

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For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-32962 for instant access to this business information.

Business Operation

Reasons for selling:

Moving

Employees:
1FT/3PT
Years established:
2009

Other Information

Support & training:

Seller will train

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

100,000.00 Down & 150,000 at 6% For 36 Months

Furniture / Fixtures value:
$60,000 (USD)
Inventory / Stock value:
$3,000 (USD)

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