Profitable Japanese Karaoke Lounge in Miami

Miami-Dade County, FL

Seller Financing Available
Profitable Japanese Karaoke Lounge in Miami
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Asking Price: $175,000

Cash Flow: $163,048

Gross Revenue: $468,749

EBITDA: N/A

FF&E: $60,000

Inventory: $2,000

Established: 2015

Profitable Japanese Karaoke Lounge in Miami

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Business Description

Reason for Sale: Relocating- Profitable Japanese Karaoke lounge in Miami. Established since 2015 near a major college and busy upscale family community. 6 karaoke rooms fully equipped for private entertainment. 3500 sq ft facility. Sales for 2018 $400k+ with an owner benefit of $160k. Open 7 days week 6pm - 3am. Small kitchen with hood. Great seller financing with $125k down.

Detailed Information

Inventory:
Included in asking price
Employees:
2 FT/6 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
3500 sq ft Retail location-Rent $7846- Lease expires 3-2021.
Financing:
$125k down/$50k for 24 mos. @ 8%.
Support & Training:
Will train for 3 weeks @ $0 cost.
Reason for Selling:
Relocating.
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Russell Cohen M&AMI,CBI,BCI,CM&AP,CM&AI

Business Listed By:
Russell Cohen

Murphy Business & Financial Services LLC

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