Company Performance Metrics
Joseph Ruino: Owner/Founder
Cloud 9 Hookah Lounge will be a new hookah lounge in Reno which will focus on a combination of Middle Eastern customers and customers over 18 years of age to offer a more higher quality alternative to hookah goers. The first bar will be established in Reno, and managed by the business founder, Joseph Ruiz. The business will generate revenues
through the sale of flavored tobaccos, non-alcoholic drinks, and appetizers. The business seeks angel investor funding to launch its first bar.
The business projects to become profitable in its first year with good profit from strong sales in the first year. Sales will triple by the third year of operation. Net profit of sales will be respectable due to the high margin on the products sold. Exit for investors is possible from sale of the franchise to a chain of bars looking to expand their market.
