Food & BeverageVerified Seller
Profitable Hookah Lounge in Ontario, CA - $355K - $198K Annual Cash Flow
Ontario, California
Asking Price$355,000
Annual Revenue$400,000
EBITDA / Cash FlowUpon Request
Executive Overview
Discover a prime opportunity with the Velvet Room Hookah Lounge in Ontario, CA. Established in 2004, this profitable business offers a unique blend of longevity and potential, with a cash flow of $198,097 and a competitive asking price of $355,000.
Key Investment Highlights
- •Grandfathered license for onsite cigarette and cigar sales
- •Unrestricted operating hours with potential for increased revenue
- •Flexible year-to-year lease with a 3-year extension option
- •Fully equipped for a smooth transition
- •18+ years of established community presence
Step into a business with over 18 years of success and a loyal customer base. Known for its vibrant atmosphere and late-night operations, this lounge is a community staple. Open until 3 a.m. on weekends, it draws in crowds from nearby clubs and hotspots, with potential to extend hours for additional income.
With all-new furniture, the setup is turnkey, ready for the next owner to innovate and expand. Consider obtaining a liquor license or enhancing the venue's online presence to attract even more customers. This is a rare chance to capitalize on a stellar reputation and explore untapped growth opportunities.