Karaoke Bar with rooms

Palisades Park, NJ (Bergen County)

Seller Financing Available
Karaoke Bar with rooms
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Asking Price: Get Financing: $300,000

Cash Flow: $150,000

Gross Revenue: $400,000

EBITDA: $185,000

FF&E: N/A

Inventory: $5,000

Established: 2010

Karaoke Bar with rooms

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Business Description

Simple and easy to run cash cow all year round.
The owner will prove net income easily. Prime location and new owner can open same business at other town.
Absentee owner possilbe. Financially Qualified buyers only,please text
201 328 4324 or email: brokerleo@hotmail.com Thanks.

Detailed Information

Inventory:
Included in asking price
Employees:
2
Facilities:
3000 sf with basement , 10 rooms with one big party room to accomodate upto 35 people.Full service Karaoke equipment ready. 10 years lease, very low rent in town.
Competition:
Not much.
Growth & Expansion:
Needs better internet marketing and new management will boost sales. If worked togther with family, it will bring in more cash flow.
Financing:
some possible if qualified
Support & Training:
The seller will provide all the needs for the smooth transition.
Reason for Selling:
Bigger project for the family.
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Contact the Seller

(from currently available funds)
 
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Leo Yeo

Business Listed By:
Leo

NYNJ Business,LLC.

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