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Northridge/CSUN Area

  • Listing No.: 130-00151

  • Category: Leisure/Entertainment

Asking Price $100,000
Down Payment
Gross Revenue $132,000
Total Adjusted Net Income $58,200
Equipment/Fixtures $0
Year Established 2016
General Location Northridge/CSUN Area
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Popular Owner-operated Hookah Lounge near college campus! This is a great opportunity to purchase an established lifestyle business that is experiencing its "moment in the sun". The business features steady clientele, great profit margins and strong cash flow! With the rise of Hookah bars throughout the country and with Hookahs making appearances in movies, TV shows and music videos, this is a business that has a lot of upside. Hookah not only provides users with a relaxing and enjoyable experience, but it fosters community between parties and within the cafe. And it is not just college aged clientele you find there, the lounge also serves young professionals and locals from the surrounding community. This opportunity is ideal for someone that enjoys being around people, is social and enjoys providing people with their moment of Zen in a hectic world. Per the seller, while there are some tricks of the trade that will be shared, there are no special skills required to operate the business. The business model provides excellent profit margins and there is still tremendous opportunity to grow with new products. Easy to operate, fun to be around and profits to be made. Call Today!

Gross Revenue $132,000 Listed Price $100,000
Total Income $58,200 Down Payment
Base Rent $1,800 Square Feet 1600
Total Rent $2,400 Lease Expiration 1/2021
Rent Deposit $6,600 Lease Options
Inventory $4,900 Leasehold Improvements
Equipment/ Fixtures $0 Other Assets
Full-Time Employees 0 Training Period 30 Days
Part-Time Employees 0 Special License Required Tobacco and Seller's Permit
Contract Staff 3 Reason for Selling Other time commitments

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.