Midtown Atlanta Upscale Hookah Bar & Ultra Lounge w/Kitchen for Sale – Hot Location – Profitable

by Steven Josovitz

Post image for Midtown Atlanta Upscale Hookah Bar & Ultra Lounge w/Kitchen for Sale – Hot Location – Profitable

#1953

Full-service upscale restaurant, hookah bar and ultra lounge in the heart of Midtown Atlanta accessible to all of Metro Atlanta.

This is an incredible location in a stunning retail-residential development in the hottest area of Midtown.

Approximately 1600/sf with seating for 50 plus 12-seat bar and outdoor patio for lounging.

Kitchen pumps out small plates and full entrée’s.

Well established.

Liquor Sales account for 60%, food 15%, hookah 25%,

2107 Gross Sales exceeded $1,000,000.

2017 Gross Sales with Absentee Owner pulled out $150,000 net.

2018 Gross Sales are approximately $125,000 per month.

2018 Net Profits are approximately $10,000 per month with Absentee-Owner.

Business is turnkey with solid front and back of the house staff.

$600,000 was spent on build-out to open the doors.

This fully equipped venue includes POS System with several terminals.

Rent at $8,000 per month which includes all extras.

Owner will extend full support during the transition.

Real Estate and business including furniture, fixtures, and equipment are priced at $850,000.

Purchase business alone at $225,000.

Print Friendly, PDF & Email

Click here to sign up for our free email alerts
to get new listings, price changes, updates and news.

If you need more information about this or any of our other listings,
please click here to electronically fill out our CA/NDA.

Previous Listing:

Newer Listing: