Luxury Karaoke with 17 private rooms & ABC license

CA

Seller Financing Available
Luxury Karaoke with 17 private rooms & ABC license

Asking Price:$260,000

Cash Flow:$116,230

Gross Revenue:$320,298

EBITDA:N/A

FF&E:N/A

Inventory:$200

Established:2001

Luxury Karaoke with 17 private rooms & ABC license

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Business Description

Luxury karaoke with ABC license in a busy mall. This luxury 2-story, 5K s.f. karaoke is one of the largest in Northern CA. It has 17 private rooms and 150 seating. Every room has state-of-the art audio sound-proof system and super-size flat screen TV for private entertainment. Specialized SuperMaster Karaoke VOD tailored for Chinese, Japanese, and many other ethnic customers. Will save $300K+ startup costs & lengthy regulatory approval process. Semi-absentee operator with a great crew in place. Must see turn-key business with great cash flows & growth potential!

Please refer to Listing ID - BTI 8227 when contacting us. Thank you.

Detailed Information

Inventory:
Included in asking price
Employees:
4
Facilities:
This luxury 2-story, 5K s.f. karaoke is one of the largest in Northern CA. It has 17 private rooms and 150 seating. Every room has state-of-the art audio sound-proof system and super-size flat screen TV for private entertainment. Specialized SuperMaster Karaoke VOD tailored for Chinese, Japanese, and many other ethnic customers. Will save $300K+ build-out costs & lengthy regulatory approval process.
Competition:
This luxury karaoke with ABC license in a busy mall.
Growth & Expansion:
Opens late at 3 PM ever day, under utilizing the property. Buyer can supplement Karaoke business with a special concept cafe/restaurant to leverage the heavy customer traffic generated by the major grocery store next door during the day.
Financing:
60,000
Support & Training:
2 weeks, 20 hrs/wk
Reason for Selling:
Moving out of town

Listing Statistics for Premium Members

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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB).

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