Karaoke – Under Management – Profitable – Sydney CBD

For Sale

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Sydney CBD

Business Code: PM1063

$200,000
+ Estimated Stock (SAV) $10000
Key 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.
State: NSW
Suburb: Sydney
Location: Sydney CBD - Great high traffic central location.
Premises: 15 karaoke rooms - 500k original fit-out
Price not disclosed

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Other business interests

Sale Reason

Sept 2017

Established

Street parking

Parking

1 fulltime + 8 casuals

Employees

7 days - Monday to Sunday - 12 p.m. to 4 a.m.

Trading Hours

Lease expires 4th April 2029 + One 5 year option - CPI Increases - Rental Bond $ 60,500. (three months)

Lease

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 * 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.

Potential

Update the existing Website and increase Online presence.

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

Weekly Summary

Figures include GST unless stated otherwise

Weekly Takings
$16370
Cost of Goods
$2500
Gross Profit
$13870
Rent
$3880
Wages
$3800
Telephone
$25
Insurance
$866
Electricity
$200
Misc 1
$350
Misc 2
$700
Total Expenses
$10821
Estimated Stock
(Additional)
$10000
Net Profit
$3049
Price
$200,000
+ Estimated Stock (SAV) $10000
Price
$200,000
+ Estimated Stock (SAV) $10000
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