Your target market will be Hookah smokers, which are likely to be a younger crowd, so you should focus your marketing on TikTok and Instagram. Remember, the prices you use at launch should be subject to change if warranted by the market. Once you know your costs, you can use this Step By Step profit margin calculator to determine your mark-up and final price points.
Your profit margin after supplies, rent, and overhead should be about 30%. 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:
#AAGH HOOKAH LOUNGE 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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