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King Tut Hookah Bar
Location: United States -> North Carolina -> Salisbury
Industry: Bars and Nightclubs > Other Bars and Nightclubs




Business Summary

King Tut Hookah Lounge - Salisbury
220 N. Lee St.
Salisbury, NC
28144

Owner looking to sell an established hookah lounge/bar business. This is a two year old business with an existing customer base and social network following. The city of Salisbury will not issue any more licenses for hookah lounges, making this the only lounge in the city. Being the only lounge in the city, this location has great revenue earning potential.

There are 4 colleges in close proximity to this location including Livingstone, Catawba, Pfeiffer, and Rowan County Community College. These college students are a large part of the demographic that our lounge serves. We have also held multiple events/private parties with over 100 participants each, including college graduations.

The lounge is quite large at over 3500+ square feet. This makes it ideal for serving/hosting large crowds and parties. One of the most ideal aspects of this location is the ease of expansion. Once the business has grown through marketing, there is a second floor that can be rented for additional space. This second floor room can be used in many ways including a VIP lounge, event room, etc.

Overhead on this business is very low, leaving a lot of room for profit. Rent is also low despite the size of the business. If you are unfamiliar with this kind of business, revenue comes in the form of alcohol, hookah, dessert, food, beverage, retail and billiards/jukebox sales. There are also 100's of ideas/options to create new revenue within the lounge.

Want to become a business owner without the risk of opening a brand new location? This lounge is for you. The owner has over 20 years in this industry in various cities and has created a solid foundation for this location. This lounge already has an online presence and following through social media and word of mouth. Through marketing efforts, this lounge can easily multiply it's revenue!

Please call with any additional questions:
(980)339-2270
Andy


Financials

Asking Price Range:  < $250K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  Not Disclosed

About The Business

Year Established:  2013
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

Photos

View Larger Photo(s) Of Business
King Tut Hookah Bar Photo 1 King Tut Hookah Bar Photo 2 King Tut Hookah Bar Photo 3




Print Listing Id: 700251637
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Related Searches: Bars and Pubs  >  Nightclubs  >  Other Bars and Nightclubs  > 

Also See: Franchise Opportunities > Franchise Resales > North Carolina Businesses For Sale > North Carolina Franchises For Sale > North Carolina Business Brokers



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