For the best experience on our site, be sure to turn on Javascript in your browser. Hiring an accountant and getting employer services can help you navigate through all the taxes that you need to pay. Further, if you have the resources, you could consider hiring a recruitment agency to help you find talent. This will be enough for a year-long lease, licensure, insurance, as well as the supplies that you'll need to start. Every hookah lounge owner understands the concept of buying hookah tobacco in bulk in order to break it up and sell it as single servings for a profit. For example, your legal structure will determine your taxes and liability. A good business name should embody the feeling of your brand, reflect your business's vision, and be memorable. Plus, registration is exciting because it makes the entire process official. Hookah is the traditional name for a popular smoking device, essentially a water pipe. You'll have to choose between having a logo with a graphic or a text only hookah lounge logo.. Option 1: Graphic. how much does a hookah lounge make a month. You will usually run through at least $40 of coal a day if you have a busy hookah lounge. If youre starting out small from a home office, you may not need any employees. How to Maximize Profits in a Hot Dog Cafe - Insider Tips Where can I buy the bulk of shisha? KyleTheJustin, Although various risks expose the lounge to losses and liabilities, insurance is designed to protect businesses from such hazards. Ideally, you should choose a word that is simple, easy to spell, and easy to pronounce. Get All of Your Hookah Supplies at SouthSmoke.com. This was very helpful . A hookah lounge will need multiple employees. The staff was really excited about their restaurant, telling us . 1st. Here are the 3 most common profit killers: Be the first to know about new arrivals, sales & promos! For example, your legal structure will determine your taxes and liability. Licensing: $2-5k. Finally, you should budget properly for renovations, hiring employees, and other startup costs. Hookah Lounges Insurance - Cost and Types Of Policies [quote name='Click' timestamp='1312773347' post='519179'], [sup]Would that per person price be per hookah bowl, or would that be unlimited?[/sup]. That comes out to 57 servings at 17.5 grams per bowl and allows for some lost shisha spillage. To make your bar look better, get luxury backlit shelving for your bottles behind the bar. This is a very important choice since your company name is your brand and will last for the lifetime of your business. If you want to stay on the safe side, then you should try to have at least $100,000 in the bank as an operating reserve. Along with the regular business license that you get from the IRS, there may be several others that you need.