Check prices in your area to make sure you’re competitive. Hookah prices range from $15 to $25 per hour. If you put in a kitchen, you could offer food as well. You could also serve liquor with the proper licensing. You’ll want to create a hookah menu with different flavor mixes. What? Determine your products or services This could jumpstart your word-of-mouth marketing and attract clients right away.
You might consider targeting a niche market by specializing in a certain aspect of your industry, such as herbal shisha or flavored tobacco. With annual revenue of $502,000, you’d make a healthy profit of $150,000. As your hookah lounge gains popularity, you might serve 50 hookahs a day and beverages to 25 people. This would mean $60,000 in profit, assuming that 30% margin. In your first year or two, you might serve 20 hookahs a day and serve $15 in alcoholic beverages to 10 people, bringing in $200,000 in annual revenue. Your profit margin after all costs should be about 30%. Hookahs are usually priced at about $20 an hour. How much can you earn from a hookah lounge business? Setting up a business name and corporation You’ll need a handful of items to successfully launch your hookah lounge business, including:
#Hookah lounge philly license
They also include a liquor license and liquor inventory. Costs include the space rental, space preparation, and hookah equipment and supplies. Startup costs for a hookah lounge range from $23,000 to $48,000. How much does it cost to start a hookah lounge business?
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