Price Reduced Listing
Description
** ** MOTIVATED SELLER - 100% ABSENTEE BUSINESS ** ** 10-Year Established Smoke Lounge Located in the HEART of Wynwood!!! **Generating CLOSE TO $800,000+ per year (on books) **Hookah profit margins 80%+ **Asking $575,000 **Owner Financing Available (to qualified buyers) Open 6PM-2AM ?? Fully operational with absentee owner Strong, loyal, young crowd Turnkey - already producing solid revenue **HUGE UPSIDE OPPORTUNITY: **Business is not being fully utilized (absentee ownership) **Hands-on operator can significantly increase revenue **OPPORTUNITY TO EARN EXTRA INCOME **Approx. 3,000 sq ft location **Neighbor has written offer to lease ~300 sq ft for storage **Willing to pay $6,000/month **Built-in additional income + operational upside **Serious buyers only **Proof of funds required **Owner financing available to qualified buyers **Confidential
Details
| MLS # | A11990324 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Building Name | This is a Hookah Lounge |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 159 |
| Listing Provided By | U.S.A. Lending & Realty, Inc. | Zena Bardawell |
Features
| SQ Feet | 3,300 |
|---|---|
| Zoning | Commercial |
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33127 |
| Area | 31 |
| Listing VS Median (in 33127) | |
Price: $575,000 low | high Med: $36,536 sqft: 3,300 low | high Med: 7,431 $ / sqft: $174 low | high Med: $5 On site: 159 low | high Med: 58 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33127 |
| Area | 31 |
| Listing VS Median (in 33127) | |
Price: $575,000 low | high Med: $36,536 sqft: 3,300 low | high Med: 7,431 $ / sqft: $174 low | high Med: $5 On site: 159 low | high Med: 58 | |