Velvet Room Hookah Lounge
| Asking Price: | $385,000 |
| Gross Revenue: | $400,000 |
| Established Year: | 2004 |
| Cash Flow: | $198,097 |
| Inventory: | $2,000 |
Prime Hookah Lounge Opportunity – Established, Profitable, and Packed with Potential!
Step into ownership of a thriving business with an 18+ year track record of success! This bustling hookah lounge has become a staple in the community, known for its loyal customer base and reputation for staying open late. No website, no alcohol, and older furniture – yet still booming! Imagine the possibilities with strategic updates and a fresh approach.
What makes this lounge a winner?
Grandfathered License: Sell cigarettes and cigars onsite – a rare and valuable feature.
Unrestricted Operating Hours: Open 24/7 if you choose! Currently, Fridays and Saturdays until 3 a.m. attract crowds from clubs and surrounding hotspots, but extending hours to 4 a.m. could net an additional $4K-$8K per month – or more!
Flexible Lease: Currently year-to-year, with an option to secure a 3-year extension from the landlord.
Turnkey Setup: Everything you need is in place for a seamless transition.
Untapped Growth Opportunities:
Obtain a liquor license and watch revenue soar.
Upgrade furniture and build an online presence to attract even more customers.
Capitalize on the lounge’s stellar reputation and extend marketing efforts.
The current owner loves this business but is ready to retire and travel, leaving behind a golden opportunity for the next owner to step in and take it to new heights. Whether you’re an experienced entrepreneur or new to the industry, this hookah lounge is a proven gem with massive growth potential.
Don’t miss this chance to own a thriving, iconic lounge with untapped possibilities! Inquire today!
