Trendy Karaoke Lounge & Bar - Great ROI Value!

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PRICED FOR A QUICK SALE! FUN BUSINESS! HUGE GROWTH POTENTIAL
Asking Price:
$65,000

Gross Revenue:
$60,000
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
$100,000
included in asking price

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Business Description

Trendy Karaoke lounge with nine (9) private rooms decked with high end up to-date audio and video equipment. Each room is a lounge in itself with comfortable furnishings and a large projector screen. Business has licenses to serve beer, wine, and liquor! Absentee owner invested $300K for new FF&E and buildout a year ago and wants to sell to concentrate on other self owned businesses.

About the Business

Year Established:
2017
Number of Employees:
3
Real Estate:
Leased
Building Sq. Ft.:
2,200
Rent:
$4,500.00 Per Month
Facilities:
Business was open one year ago
Market Outlook/
Competition:
Very little competition as location is in a densely populated area
Growth & Expansion:
Implement marketing and advertising, enhance website to include online reservation capabilities, develop Facebook/Instagram for online presence, add a bar to serve alcohol
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About the Sale

Reason For Selling:
other interests
Training/Support:
1 week

Listing Info

ID:
1584556
Ad Detail Views:
0

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Business Listed by

Paul Tran

Transworld Business Advisors

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Sponsoring Broker:

Gerald G. Brisson, CBI, M&AMI, CMAP
Transworld Business Advisors

U.S. Census Data for Fort Bend and Harris Counties, TX
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Fort Bend and Harris Counties, TX
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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