Trendy Karaoke Lounge & Bar - Great ROI Value!

Katy, TX (Harris County)

Trendy Karaoke Lounge & Bar - Great ROI Value!
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Asking Price: $65,000

Cash Flow: N/A

Gross Revenue: $60,000

EBITDA: N/A

FF&E: $100,000

Inventory: N/A

Rent: $4,500 /Month

Established: 2017

Trendy Karaoke Lounge & Bar - Great ROI Value!

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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.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
2,200
Lease Expiration:
N/A
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Business was open one year ago
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
Support & Training:
1 week
Reason for Selling:
other interests
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Contact the Seller

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Paul Tran

Business Listed By:
Paul Tran

Transworld Business Advisors

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Sponsoring Broker:
Gerald G. Brisson, CBI, M&AMI, CMAP

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