Description
This successful and popular hookah lounge business is priced to sell with net income averaging approximately 49% of Gross Income. It is one of only 2 hookah lounges within the City of Coeur d'Alene and is a popular site with locals, especially on their featured party night that is hosted on site every other week. The lease is a modified gross lease with utilities averaging approximately $250/month and can be assigned to a new business owner with landlord prior approval. The business recently was approved for a wine and liquor license but alcohol sales have not yet started as of January 2019. The tobacco license is grandfathered in and the current tenant has installed an air filtration HVAC system valued at approximately $15,000 that is included in the sale price together with all t
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
This successful and popular hookah lounge business is priced to sell with net income averaging approximately 49% of Gross Income. It is one of only 2 hookah lounges within the City of Coeur d'Alene and is a popular site with locals, especially on their featured party night that is hosted on site every other week. The lease is a modified gross lease with utilities averaging approximately $250/month and can be assigned to a new business owner with landlord prior approval. The business recently was approved for a wine and liquor license but alcohol sales have not yet started as of January 2019. The tobacco license is grandfathered in and the current tenant has installed an air filtration HVAC system valued at approximately $15,000 that is included in the sale price together with all t
© 2019 Coeur d'Alene MLS. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from Coeur d'Alene MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Prime Real Estate Group.Data last updated: 2019-04-24T16:03:09.473.