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MUSICAL INSTRUMENTS WITH GROWING ON-LINE SALES Ref 4092-1 TO $4.0mill PA
Internal Ref: PM1063
Summary
SBX Code: PM1063 - Karaoke - Under Management - Good Profits - Potential - 15 private Karaoke Rooms - Long Lease in place - 500k Original Fit-out
Rent
$3,880 pw
Net Profit
$3,049 pw
Location Details
Sydney CBD - Great high traffic central location.
Potential
Update the existing Website and increase Online presence.
Hours
7 days - Monday to Sunday - 12 p.m. to 4 a.m.
Lease
Lease expires 4th April 2029 + One 5 year option - CPI Increases - Rental Bond $ 60,500. (three mont
Employees
1 fulltime + 8 casuals
About the Business
Karaoke - Under Management - Profitable - Sydney CBD - Sydney CBD
SBX Code: PM1063
Well-established Karaoke Bar in Sydney CBD for sale - Prime location - High profit and easy to operate, a great investment opportunity with a solid potential to grow the business further.* Prime Sydney CBD location* Average weekly revenue of $16,400.* New lease in place 5 years + 5 year option* Selling price $395,,000* 15 private Karaoke rooms* Full liquor license* Great food partners secured* Food ordering tablet in every room.* Fully under management * Easy to operate * High profit and lots of potential to grow.
Features
15 Private Karaoke Rooms - This Karaoke Bar has a great relationship with their food partners (Korean BBQ) offering happy hour and Karaoke / Food specials.
Premises
15 karaoke rooms - 500k original fit-out
Comments
Misc. - 1 - Other expenses Pest control, Waste disposal, Cleaning, Printing and Stationary, Merchant fees etc.Misc. - 2 - Various other expenses.Motivated Vendor - All serious offers considered - Price reduction
SBX Code: PM1063
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