For Sale
$150,000

12235 87Th Street Pkwy Lenexa, KS 66215

Turnkey hookah café, high ROI potential.

Overview

Added:
Dec 11, 2024
Days on market:
131
This thriving, turnkey hookah lounge and café, located at 12235 W 87th St Pkwy in Lenexa, Kansas, presents a unique investment opportunity. Boasting 2,163 square feet of space, the establishment enjoys a prime location between I-35 and I-435, benefiting from excellent road visibility and proximity to several anchor tenants. The business features a comfortable and inviting atmosphere, complete with modern furniture and cozy Oriental seating, attracting a loyal clientele with its diverse menu of flavored hookahs, sandwiches, and smoothies. Annual sales average between $240,000 and $264,000, with historical sales reaching $300,000, translating to impressive profit margins of 40-45%, potentially reaching the high 50s under owner operation. This represents a high return on investment (ROI) of 60-70%, with the potential to recoup the investment in under 19 months. The business operates under a NNN lease in a multi-tenant building. The sale includes all equipment, space improvements, inventory, and the website. The current owner will replenish inventory upon sale completion (at asking price) and provide comprehensive training for a seamless transition. The asking price for this established business is $150,000, and owner financing may be considered with suitable terms. The surrounding area boasts a population exceeding 200,000 within a 5-mile radius, including approximately 183,957 employees, ensuring a substantial and affluent customer base. This turnkey operation is poised for continued growth and success.

Highlights

  • High ROI: 60-70%.
  • Investment payback in under 19 months.
  • Low-risk investment with high growth potential.
  • Excellent location with high visibility near I-35 and I-435, alongside anchor tenants.
  • Average annual sales: $240,000 - $264,000 ($20,000 - $22,000/month).
  • Historical sales: $300,000 ($30,000/month).

Property Details for 12235 87Th Street Pkwy

Property type
Commercial real estate
Units
1

Location Insight

City
Lenexa
County
Johnson
State
Kansas
Latitude
38.9702755
Longitude
-94.7270454
12235 87Th Street Pkwy, Lenexa, Kansas

FAQs

What type of property is this?
Commercial real estate - Turnkey hookah café, high ROI potential.
Where is the commercial real estate located?
The property is located at 12235 87Th Street Pkwy Lenexa, KS.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: High ROI: 60-70%.; Investment payback in under 19 months.; Low-risk investment with high growth potential.
How can I contact the broker?
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12235 87Th Street Pkwy
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