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Thread: any insights...

  1. #1

    Default any insights...

    Hello all, currently I have an LLC registered as a holdings and management co. under which I have set up a couple DBA's. Currently I am working on my next project... A hookah lounge. (anyone got any name ideas? would rather stay away from the obvious "Hookah Something" names and try to go with something more subtle.) Hopefully I can make some scrape off this hookah lounge and start a nice size cigar lounge out here... Any let the record show, I am not a hookah fan, but I want to learn the ins and outs of retail tobacco laws in Hawaii and try something new. I would rather jump straight into the cigar arena, but I need some more experience and capitol before I am willing to stake that amount of initial start up cost. I am working off a pretty good business model, and I believe I will have a decent audience for this venue. I am very familiar with the SBA site, so before anyone screams look at their site, trust me, I do... daily.

    If anyone else has any insight or ideas, let em' flow...

    Hope everyone has had a fruitful week. I am off to smoke. (a cigar)

  2. #2
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    Hula Hookah
    Hookahlapadingdong
    Hookahlicious
    Hang 5 Hookah?

    sorry
    The powers that be might take it all away
    Together we burn, together we burn away

    Uncle Tupelo

  3. #3

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    Quote Originally Posted by badwhale View Post
    Hookahlapadingdong


    sorry
    This made my day. Thank you! haha

  4. #4
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    Quote Originally Posted by badwhale View Post
    Hula Hookah
    Hookahlapadingdong
    Hookahlicious
    Hang 5 Hookah?

    sorry

    This for THIS ONE AGAIN

    Hey nhab, come to Hartford, CT and buy my local shop:

    LINK TO ORIGINAL THREAD

    Jim is retiring and closing the shop BUT he is accepting offers from anyone who is interested in buying the business.
    Last edited by CoventryCat86; 01-27-2011 at 11:05 PM.

    TBSCigars - "On Holiday"
    Grammar - It's the difference between knowing your crap and knowing you're crap.

  5. #5

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    I would love to buy an existing shop! But I am never moving away from my warm beaches and girls in bikinis 365 days out of the year...

    Does anyone have any recommendations for Point of sale options, or inventory control? These are new areas to me. I have been looking at the intuit solution, anyone have experience with this?

  6. #6

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    Bueller?

  7. #7
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    Why waste your time with a Hookah lounge? Learn more about cigars and the cigar business laws, save money for it and open a cigar shop. You should learn ALL the laws and regulationg before you even attempt to open any type of establishment be it tobacco or anything else. Not doing this research prior will only lead to disaster or at least, large fines...

    Also you said that you don't care for smoking hookah so why bother investing so much of your time and money into something you don't like.

    If you must open a Hookah lounge first I think you should name it, "My Other Business is a Cigar Lounge"

  8. #8
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    Seems Hookah is the rage these days. Hell, even my town is getting a Hookah lounge.


    Yay! Cigars!

  9. #9

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    Quote Originally Posted by logan37 View Post
    Why waste your time with a Hookah lounge? Learn more about cigars and the cigar business laws, save money for it and open a cigar shop. You should learn ALL the laws and regulationg before you even attempt to open any type of establishment be it tobacco or anything else. Not doing this research prior will only lead to disaster or at least, large fines...

    Also you said that you don't care for smoking hookah so why bother investing so much of your time and money into something you don't like.

    If you must open a Hookah lounge first I think you should name it, "My Other Business is a Cigar Lounge"
    Yes, all very valid points. I never see any endeavor in life where there is potential to gain knowledge a waste of time. I have been mulling this over for quite some time now, and the biggest reason being a push with the hookah lounge is simply money. Not the best way to phrase that, but.... Money is the single greatest factor. With a cigar lounge I am looking at a very substantial initial investment. With very specific trade fixtures that can not be recouped should the business fail... The hookah lounge can be opened with a fraction of the cost of the cigar lounge, also the customer base is much larger with the hookah lounge. Using some break even models I have created based off of what I believe to be a fair market assessment, the hookah lounge would pay for itself nearly three times before the cigar lounge even turns a profit.

    Also, I am becoming very familiar with the retail tobacco sales laws here, and I am simply using a much lower cost alternative to establish a successful tobacco business, while learning more about retail sales, marketing, and service. In the cigar business, and this is simply an opinion, the customers you will rely on for a majority of sales would be turned away from some newb who didn't have his shit together.... Where as if I piss off a 19 yr old college student, I might only loose a small portion of potential sales... The learning curve for cigar sales is to me, a much steeper one.

    This is also a way to establish my name as a credible business owner in the retail market. Which will help financing and marketing a future cigar lounge much easier...

    So does this mean I can count you in as a potential customer?

  10. #10
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    Quote Originally Posted by nhab View Post
    Yes, all very valid points. I never see any endeavor in life where there is potential to gain knowledge a waste of time. I have been mulling this over for quite some time now, and the biggest reason being a push with the hookah lounge is simply money. Not the best way to phrase that, but.... Money is the single greatest factor. With a cigar lounge I am looking at a very substantial initial investment. With very specific trade fixtures that can not be recouped should the business fail... The hookah lounge can be opened with a fraction of the cost of the cigar lounge, also the customer base is much larger with the hookah lounge. Using some break even models I have created based off of what I believe to be a fair market assessment, the hookah lounge would pay for itself nearly three times before the cigar lounge even turns a profit.

    Also, I am becoming very familiar with the retail tobacco sales laws here, and I am simply using a much lower cost alternative to establish a successful tobacco business, while learning more about retail sales, marketing, and service. In the cigar business, and this is simply an opinion, the customers you will rely on for a majority of sales would be turned away from some newb who didn't have his shit together.... Where as if I piss off a 19 yr old college student, I might only loose a small portion of potential sales... The learning curve for cigar sales is to me, a much steeper one.

    This is also a way to establish my name as a credible business owner in the retail market. Which will help financing and marketing a future cigar lounge much easier...

    So does this mean I can count you in as a potential customer?
    If you pay travel & lodging, I'm there!
    The powers that be might take it all away
    Together we burn, together we burn away

    Uncle Tupelo

  11. #11

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    Quote Originally Posted by badwhale View Post
    If you pay travel & lodging, I'm there!
    I was wondering when I would get this... badwhale I will gift you all 5 of my flier miles to get you started

  12. #12
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    Quote Originally Posted by nhab View Post
    Yes, all very valid points. I never see any endeavor in life where there is potential to gain knowledge a waste of time. I have been mulling this over for quite some time now, and the biggest reason being a push with the hookah lounge is simply money. Not the best way to phrase that, but.... Money is the single greatest factor. With a cigar lounge I am looking at a very substantial initial investment. With very specific trade fixtures that can not be recouped should the business fail... The hookah lounge can be opened with a fraction of the cost of the cigar lounge, also the customer base is much larger with the hookah lounge. Using some break even models I have created based off of what I believe to be a fair market assessment, the hookah lounge would pay for itself nearly three times before the cigar lounge even turns a profit.

    Also, I am becoming very familiar with the retail tobacco sales laws here, and I am simply using a much lower cost alternative to establish a successful tobacco business, while learning more about retail sales, marketing, and service. In the cigar business, and this is simply an opinion, the customers you will rely on for a majority of sales would be turned away from some newb who didn't have his shit together.... Where as if I piss off a 19 yr old college student, I might only loose a small portion of potential sales... The learning curve for cigar sales is to me, a much steeper one.

    This is also a way to establish my name as a credible business owner in the retail market. Which will help financing and marketing a future cigar lounge much easier...

    So does this mean I can count you in as a potential customer?
    That makes some sense to me. When the cigar lounge opens I'll find an excuse to leave all this "wonderful" snow.

    And Will I believe that last question was directed at me. Since I'm a generous guy, I'll share 2.5 of nhabs miles with you.

  13. #13

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    Quote Originally Posted by logan37 View Post
    That makes some sense to me. When the cigar lounge opens I'll find an excuse to leave all this "wonderful" snow.

    And Will I believe that last question was directed at me. Since I'm a generous guy, I'll share 2.5 of nhabs miles with you.
    Haha I do not miss that cold, you are braver men than I!

    And I am extending an open invitation to the CS gang, When the hookah lounge opens you may all come "smoke a bowl" on the house. And in the event I get a cigar lounge up and running in a few years time, all CS members will have a free stick on me.

    Still no good name ideas? So far, badwhale is in the lead with Hookahlapadingdong... Which I hope doesn't win!

  14. #14
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    Somewhere.....where it's always 5 o'clock


    The Grass Skirt






    http://www.cmt.com/videos/eric-churc...le-smoke.jhtml?

    "Do this...go to Google and type in "Dumbass that can't take a hint"...notice the picture of a big feller in his Moms kitchen with a can of Wannabe RockStar on his man boob...Hey, that's you!" TheGreekTitan





    May God grant us the wisdom to discover right, the will to


    choose it, and the strength


    to make it endure










  15. #15

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    Hookahlapadingdong ftw!

  16. #16

    Default Hookahlapadingdong

    Anyone hear of or use either imonggo or authorize.net? Or the two linked together?

  17. #17

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    Sorry to bump a thread that hasn't had a post in a month, but I wanted to get my business name to you nhab. Ready for this..........


    Puff This


    Whatcha think?

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