Singapore  Singapore

Sell a Business

Listing ID: 18138 Last Refreshed: 06/02/2020 Total Views: 1992

Family Karaoke At Mall With MRT For Sale

Serangoon

Asking Price: S$128,000
  • Premise Type Shopping Mall Premise Size 1292sqft
  • Monthly Rental S$10,368 Rental Desposit S$30,620
  • Revenue S$20K - 50K Cash Flow N/A
  • Gross Profit N/A Net Profit S$5K - 10K
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established N/A
  • Owner Role Full Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
Karaoke
Email Owner

Reason For Sale

Partners do not see eye to eye on the future of this business

Description

Details

Name: Karaoke Times

Address: City Square Mall #05-06

Area: 1,292 sq ft

Max Capacity: About 90 pax

Rental: $10,368.30 per month (GST included)

Security Deposit: 3 months to CDL

Renovation and Setup Costs: $210,000

Licence: Public Entertainment Class 1 with 8 PA quotas

Alcohol Licence: NIL


Features

- 11 rooms, 1 singing hall, 1 storeroom, 1 reception area

- Opposite Golden Village cinema

- Tastefully renovated with trendy designs

- Exceptional sound quality with state of the art equipment

- Mobile phone based Karaoke On Demand systems

 

Marketing

Website: https://www.karaoketimes.sg

Facebook: https://www.facebook.com/karaoketimes

- All advertisements in City Square Mall paid

- Website, Facebook page and Facebook group generate good traffic

 

Potential

- Currently less than 50% occupancy rate, high potential for growth

- Bookings and walk-in customers are improving monthly

- Ranking in Google search for important keywords are improving monthly

Property Information

Rent
Premise Status
Email Owner
Your Name*
Mobile Number*
Email*
Message

Just a moment... we are processing the request