Internal Ref: 118241375
Summary
Once-in-a-lifetime opportunity to purchase one of Australia’s most recognised karaoke hire and retail sales businesses, with option to acquire premises.
Location Details
279 Inkerman Street
About the Business
The Phone Code for this property is: 27574. Please quote this number when phoning or texting.
Australian Karaoke Pty Ltd (ABN: 4 4 0 0 6 1 8 7 5 4 2) was established in 1987 and has operated from the same Victorian premises since 1990. After more than 35 years of successful operation, the owner is retiring.
This is a rare and unique chance to purchase a business with:
* Guaranteed income and proven repeat clientele
* Impeccable financial reporting available since 1990's
* Over three decades of goodwill and brand recognition
* Strong stock holdings and premium supplier relationships
* Significant untapped growth potential
KEY HIGHLIGHTS:
* Established Reputation: Over 35 years trading as a household name in karaoke hire and sales
* Multiple Income Streams
* Hire of premium PA and karaoke systems - hire up to 7 karaoke systems per night, with prices ranging from $200-$700 per system (not including delivery) and 10+ PA systems per night with prices ranging from $70-$500 per system (not including delivery)
* Sales of new stock to domestic and corporate markets
* AV installer and integrator supply
* Premium Stock at Value:
* Hire stock – currently $72,000 (ex GST)
* New sales stock – currently $60,000 (ex GST)
Includes Bose, Shure, JBL, AKG, Electrovoice, Acesonic, Samson, Klotz, Rapco, plus high-end spares and accessories.
All stock is valued at wholesale less (minimum) 10-20%.
DIGITAL ASSETS:
* 3 high-ranking WordPress websites (strong organic visibility, no paid ads):
australian karaoke .com .au ( .com and .au domains)
melbourne karaoke hire .net .au ( .com and .au domains)
melbourne pa hire .net .au ( .au domain)
FLEXIBLE HIRE SYSTEM:
Equipment rotated annually, keeping it under warranty and in excellent condition. Ex-hire gear sold profitably.
FINANCIAL PERFORMANCE (2020–2025 AVERAGES):
* Turnover: $218,417 p.a. (ex GST)
* Operating Profit: $21,949 p.a. (after all expenses, salary, superannuation, insurance, workcover, capital purchases, etc.)
GROWTH OPPORTUNITIES:
The business has operated successfully with minimal to no marketing. Future growth could include:
* Establishing a social media presence (not currently utilised)
* Further expanding into major commercial installations and ongoing maintenance contracts
* Leveraging strong websites for e-commerce and online bookings
* Upscaling into major event hire with touch screens, foreign language options and multi-screen setups
REASON FOR SALE:
Owner retiring after more than 35 years of successful ...
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