Hello, my name is Derek and I have joined this forum for common interest in starting a business, (more along the lines of custom home building and/or real estate brokerage) but also to reply to your posting. The concept of a hookah bar in co has already been exploited by many, but in the mind of someone who actually smokes, each one has its shortcoming and downfalls. I dont know if you visit any of the popular spots i.e. Marrakech, Habibi, Aromas (formerly pita), underground, or hubbly bubbly, but all of them seem to have as many negatives as positives.
In my group of friends, over the summer of 08 we went to underground several times a week and enjoyed the fun, clublike environment, along with a standard group of visitors that we became close with (somewhere around 50-75 people). Conveniently, we became close friends with everyone that worked there and eventually were given free....everything! It was a good time each time we went there and we became close with the owner. Unfortunately he had hired only his friends as employees, and shirked his payroll responsibilities, pawning them off on his father, who had financed the space. One of my close friends at the time didnt receive a paycheck for nine weeks. Consequently, the place turned into a highschool. Ive never witnessed more drama as the so called "bouncers" would procure phone numbers from the text list (which was used to anounce the weekly theme parties and deals), and use them to try and sleep with girls. Obviously, nine out of ten girls would refuse, at which point these jerk-offs wouldn't let them back in the door. Then employees starting skipping work, but were never fired. Eventually almost every one of the original employees quit. In november, the owner went to Iraq for his year and a half long tour and just gave underground to his best friend, who had previously managed it. He hired a whole new crew of employees who were all recently fired by the owners father. Moral of the story, if you start one, run a business, dont hire your friends, and avoid drama.
Next on my list is Marrakech. The most fun, always a party atmosphere, but outrageously expensive, and the employees are extortionists and tend to be unfriendly at that (if youre gonna steal my money, do it with a smile

). There have also been rumors of date rape, by the owner, who apparently paid off at least one girl a minimum of ten thousand dollars to keep her mouth shut. Some think they run guns as well, but who really knows right? I dont go there often enought to care. While it's the most popular, everyone ive talked to who has been there has always complained about the price.
Next is pita (Aromas). Near the DU campus, somewhat fun, but recently someone was shot there. Any other comments escape me. :/
Hubbly Bubbly is extremely boring and cold.
Habibi is a perpetual madhouse that makes one want to punch a baby (gotta love Dane Cook) and is also expensive. Also, there is hardly room to breathe as there is generally less than a few feet between tables and bellydancers entertain in the doorway (the only empty space in the place).
A good one to check out would be hookah palace, which is located about a hundred feet north of marrakech in the same stripmall. The owner, Rashid, is extemely nice a and a good personal acquaintance of our group. He has been in that spot for more than fifteen years I believe.
Anyway, it's obvious that hookah is something that weve take in interest in, and see a potential for profit. I considered opening one myself, but decided against it. A general truth would be that longevity is key, along with good customer service, a fun, not too loud environment, and good smoke (ask Rashid), but how does one achieve all of these without spending a bundle? Answer that question and I'll open it for you and manage it for free!
It would be great to talk to you about this so if you would message me back that would be great.