12235 87Th Street Pkwy Lenexa, KS 66215
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Commercial real estate
Property Details for 12235 87Th Street Pkwy
- Property type
- Commercial real estate
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Lenexa
- County
- Johnson
- State
- Kansas
- Longitude
- -94.727
- Latitude
- 38.9703
