Opportunity Knocks!Established Bar and Hookah lounge for sale +License
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Turnkey Astoria Bar/Hookah lounge+licenses +full Kitchen+10yrs lease
ESTABLISHED & HIGHLY PROFITABLE BAR + HOOKAH LOUNGE — ASTORIA
Rare turnkey opportunity with liquor license, hookah license, full kitchen, beautiful build-out, 10-year lease, and only $8,700/month rent.
Currently operating only 4 nights per week with major upside by expanding days, adding more nights, private events, food sales, and stronger marketing.
Asking Price: $835,000
Annualized Gross Potential: $1,560,000
FF&E: $350,000
Inventory Included: $25,000
NDA & PROOF OF FUNDS REQUIRED FOR FULL INFORMATION.
Rare turnkey opportunity with liquor license, hookah license, full kitchen, beautiful build-out, 10-year lease, and only $8,700/month rent.
Currently operating only 4 nights per week with major upside by expanding days, adding more nights, private events, food sales, and stronger marketing.
Asking Price: $835,000
Annualized Gross Potential: $1,560,000
FF&E: $350,000
Inventory Included: $25,000
NDA & PROOF OF FUNDS REQUIRED FOR FULL INFORMATION.
About the Business
- Years in Operation
- 6
- Employees
- 7 (4 Full-time, 3 Part-time)
Owner-operated business with experienced staff in place for current bar, lounge, - Facilities & Assets
- Fully built, turnkey bar and hookah lounge in the busy Astoria Nightlife market. Sale includes liquor license, hookah lounge setup, full kitchen, furniture, fixtures, equipment, bar/lounge build-out, sound/lighting setup, seating, décor, and operating assets customarily used in the business. Beautifully designed modern lounge with strong atmosphere, ideal for a hands-on owner/operator or experienced hospitality group.
- Market Outlook / Competition
- Located in one of Astoria ’s busiest nightlife and dining corridors with strong foot traffic, dense population, and high demand for bar, lounge, hookah, and late-night entertainment concepts. The combination of liquor license, hookah operation, full kitchen, and finished build-out makes this a rare opportunity in a competitive market.
- Opportunities for Growth
- Currently operating only 3/4 night per week, creating major upside for a new owner by expanding operating days, increasing private events, promoting bottle service, adding food/kitchen sales, improving marketing, and building weekday/nightlife programming. Annualized gross potential is estimated at approximately $1.56M based on expanded operations.
Real Estate
- Owned or Leased
- Leased
- Building Sq. Ft.
- 3,863
- Rent
- $8,700 per month
About the Sale
- Seller Motivation
- Owner is relocating out of state due to marriage and personal family reasons.
- Transition Support
- Seller can provide reasonable transition support after closing to help the buyer understand the operation, vendors, equipment, staff workflow, menu/bar setup, and general day-to-day business process. Additional details available to qualified buyers after NDA and proof of funds.
- Financing Options
- Seller financing may be available for qualified buyers , subject to seller approval.
Listing Info
- ID
- 2548465
- Listing Views
- 537
Attached DocumentsAttachment Disclaimer
Listing ID: 2548465 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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