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While many of the items on Etsy are handmade, you’ll also find craft supplies, digital items, and more. White led dance floor, speakers, dj booth and lighting at the RAC Club Mayfair. Match your music to your theme and let it play in the background. Hookah is best smoked with friends and that can’t happen when you can’t hear each other. Electronic dance music will provide you unbeatable beat to move and sway your body.
The owner pays taxes on business income on his or her personal tax return. Finally, make your choice among the names that pass this screening and go ahead with domain registration and social media account creation. Your business name is one of the key differentiators that sets your business apart. Once you pick your company name, and start with the branding, it is hard to change the business name. Therefore, it’s important to carefully consider your choice before you start a business entity. Now that you know what’s involved in starting a hookah lounge, it’s a good idea to hone your concept in preparation to enter a competitive market.
Hookah Pool Party
Your business name is your business identity, so choose one that encapsulates your objectives, services, and mission in just a few words. You might consider targeting a niche market by specializing in a certain aspect of your industry, such as herbal shisha or flavored tobacco. Mint-flavored hookah tobaccos are growing in popularity, and fruit flavors are another favorite. From handmade pieces to vintage treasures ready to be loved again, Etsy is the global marketplace for unique and creative goods. It’s also home to a whole host of one-of-a-kind items made with love and extraordinary care.
Invite all your friends to come and enjoy this amazing costume party. Ask your friends to bring their costumes according to the set theme. This can be a fun idea to make your hookah party more interesting. Hookah Party at Home can be a unique idea to enjoy at minimal expenditure.
How to Throw an Outdoor Party
But, smoking hookah in the comfort of your own home has its own benefits as well! The freedom to smoke how you like and what you like along with the ability to move about, make your own drinks, and create your own vibe. An at-home hookah lounge can be the perfect place to smoke with friends or for a relaxing session alone.
You may not like to network or use personal connections for business gain. But your personal and professional networks likely offer considerable untapped business potential. Maybe your cousin or neighbor has been working in hookah lounges for years and can offer invaluable insight and industry connections. There is something about a well-put-together hookah lounge that just feels right. Whether it be the soft lighting, comfortable seating, or chill music, the vibe is just right for smoking shisha.
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You’ll need to design an interesting hookah menu and create a great atmosphere, and you can be successful. Your business knowledge is fired up now, so it’s time to start buying water pipes and getting your successful hookah lounge off the ground. Unique selling propositions, or USPs, are the characteristics of a product or service that sets it apart from the competition. It’s wise to do all you can to ensure your USPs stand out on your website and in your marketing and promotional materials, stimulating buyer desire.
Smash this party with dark LED theme lights and loud EDMs. Influencer marketing – Pay people with large social media followings to promote your hookah lounge. You can find micro-influencers with smaller followings and lower rates.
Hookah Lounge Ideas
You could also check this SBA guide for your state’s requirements, but we recommend using MyCorporation’s Business License Compliance Package. They will research the exact forms you need for your business and state and provide them to ensure you’re fully compliant. You may also need state-level and local county or city-based licenses and permits. Limited Liability Company – Combines the characteristics of corporations with those of sole proprietorships or partnerships. If you’ve never created a business plan, it can be an intimidating task. You might consider hiring a business plan specialist at Fiverr to create a top-notch business plan for you.
If you’re a hookah fan, or just enjoy providing a chill environment, it could be a great time to get in on the action and start your own hookah lounge. You can have fun, help others have a great time, and make good money. There are few simple tools and gadgets that can really make it easier to run your lounge, especially when it gets busy and the bowls are starting to back up.
You’ll probably generate new customers or find companies with which you could establish a partnership. General Partnership – Similar to a sole proprietorship, but for two or more people. Again, owners keep the profits and are liable for losses.
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. This would mean $60,000 in profit, assuming that 30% margin. As your hookah lounge gains popularity, you might serve 50 hookahs a day and beverages to 25 people. With annual revenue of $502,000, you’d make a healthy profit of $150,000.
Bank and SBA loans are probably the best option, other than friends and family, for funding a hookah lounge business. You might also try crowdfunding if you have an innovative concept. Sole Proprietorship – The most common structure for small businesses makes no legal distinction between company and owner. All income goes to the owner, who’s also liable for any debts, losses, or liabilities incurred by the business.
The partners pay taxes on their share of business income on their personal tax returns. For those looking to do a little more and completely turn a room into their personal shisha lounge, the theme is everything. You can go with Arabian nights, modern and cutting edge, Mediterranean, hippie vibes, or something different and unique like an extraterrestrial feel.
hookah lounge ideas
You can also create your dark theme by showcasing bean bags, wool rugs, chairs, and tables to make the ambiance cozy and exotic. Profit margin calculator to determine your mark-up and final price points. Website development is crucial because your site is your online presence and needs to convince prospective clients of your expertise and professionalism. They are unlikely to find your website, however, unless you follow Search Engine Optimization practices. These are steps that help pages rank higher in the results of top search engines like Google.
If you lack tech-savvy, you can hire a web designer or developer to create a custom website for your business. Banks vary in terms of offerings, so it’s a good idea to examine your options and select the best plan for you. Once you choose your bank, bring in your EIN , articles of incorporation, and other legal documents and open your new account. We recommend that new business owners choose LLC as it offers liability protection and pass-through taxation while being simpler to form than a corporation.
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