Details - Information last confirmed on March 31, 2021
Listing ID # 33951
Fully Licensed Bar & Hookah Lounge. 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. Since reopening they have seen a great bounce back in revenue. In the past full year the business grossed approx. $728,000.00 with an owner's cash flow of over $200,000.00. 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 $350K in liquid funds to cover the asking price. To learn more, please call, text or email broker. 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!
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