Singapore  Singapore

Sell a Business

Listing ID: 20231 Last Refreshed: 15/09/2020 Total Views: 1041

15 Years History Nightclub/Ktv Lounge With 8 Singers Quota And 20 Rooms And PE/F&B License

Serangoon

Asking Price: S$1
  • Premise Type Commercial Street Premise Size 2700sqft
  • Monthly Rental S$15,000 Rental Desposit S$45,000
  • Revenue S$100K - 200K Cash Flow N/A
  • Gross Profit N/A Net Profit S$20K - 50K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2005
  • Owner Role Full Time Staff 15
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Steven Liu
Email Owner

Reason For Sale

Partners Health Issue and too many units under management

Description

This Nightclub/KTV is located near Farrar Park MRT/ City Square Shopping Mall/ The coming Centrium Square Office Tower/ 2 Park Royal Hotels , Medical Tower , Mustafa Centre.


It has been operated for 15 years with well established brand name and customers base , the unit is closed for operation due to COVID-19 circuit break , the renovation is old and need new renovation for future operation .


New lease term and option for renewal could be established with the owner directly, the current rental is S$15K plus GST for approx , 2700 sq.ft. ( 3 units) of total 20 rooms , asking S$1.00 for takeover of license subject to new lease secured with the landlord , could renovated and start the business immediately after 3rd stage Cricuit Break lifted for Entertainment Industry .  


Heavy Traffic Area with very good exposure to main Serangoon Road Traffic.

Business Operation

All Partition rooms are done with FSSD approval
Facilities

Property Information

Rent
Premise Status
new lease 3+3
Lease Term
Email Owner
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