** WYNWOOD MONEY MAKER FOR SALE **
10-Year Established Smoke Lounge
Located in the HEART of Wynwood!!!
**Generating CLOSE TO $1M+ per year (on books)
**Hookah profit margins 80%+
**Asking $699,000
**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
Miami, FL, 33127
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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