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$ 400,000
Est. payment /mo
Active
1201 Main ST #230 Allen, TX 75002
5,600 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $71
Subdivision Allen Heights Shopping Center
MLS Listing ID 21134249
HOA Y/N No
Year Built 1985
Lot Size 5,601 Sqft
Acres 0.1286
Property Sub-Type Business
Property Description
Excellent opportunity to acquire a fully operational and well-established hookah lounge business operating since February 2022. The business is located in a 5,600 SF building (built in 2002) with open parking and strong local presence.
The business operates under an NNN lease with monthly rent of $5,000, in place through February 2027, with options to renew. No rent escalations. All lease documents are available.
Monthly operating expenses include approximately $1,500 for hookah tobacco, $3,000 for food, and $300 for insurance. Tenant pays utilities including water, electricity, and internet. Staffed with 4 employees. No deferred maintenance.
The sale includes inventory and equipment valued at approximately $200,000. Business is owned by an LLC and has no HOA, no liens, and no legal issues.
Seller is offering the business for sale to focus on other professional ventures. Trailing 1-4 weeks. P&L, tax bills, and lease documentation available upon request.
Confidential sale. Serious inquiries only.
The business operates under an NNN lease with monthly rent of $5,000, in place through February 2027, with options to renew. No rent escalations. All lease documents are available.
Monthly operating expenses include approximately $1,500 for hookah tobacco, $3,000 for food, and $300 for insurance. Tenant pays utilities including water, electricity, and internet. Staffed with 4 employees. No deferred maintenance.
The sale includes inventory and equipment valued at approximately $200,000. Business is owned by an LLC and has no HOA, no liens, and no legal issues.
Seller is offering the business for sale to focus on other professional ventures. Trailing 1-4 weeks. P&L, tax bills, and lease documentation available upon request.
Confidential sale. Serious inquiries only.
Location
State TX
County Collin
Zoning Commercial
Direction Use GPS
Interior
Heating Central
Cooling Central Air
Flooring Concrete, Ceramic Tile
Inclusions Business, Furniture, Inventory
Fireplace No
Exterior
Parking Features Common
Utilities Available Electricity Available, Electricity Connected, Sewer Available
Roof Type Other
Building
Story 1
Foundation Slab
Sewer Public Sewer
Others
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