Karaoke - Under Management - Profitable - Sydney CBD - Karaoke - Under Management - Good Profits - Huge Potential - $16,500 sales p.w. - PM1063

Karaoke - Under Management - Profitable - Sydney CBD - Sydney CBD - Agent SBX Code Number: PM1063

Well-established Karaoke Bar in Sydney CBD for sale - Prime location - High profit and easy to operate, a great investment opportunity with a solid potential to grow the business further.* Prime Sydney CBD location* Average weekly revenue of $16,400.* New lease in place 5 years + 5 year option* 15 private Karaoke rooms* Full liquor license* Great food partners secured* Food ordering tablet in every room.* Fully under management * Easy to operate * High profit and lots of potential to grow.

Potential
Update the existing Website and increase Online presence.

Features
15 Private Karaoke Rooms - This Karaoke Bar has a great relationship with their food partners (Korean BBQ) offering happy hour and Karaoke / Food specials.

Premises
15 karaoke rooms - 500k original fit-out

Location
Sydney CBD - Great high traffic central location.

Trading Hours
7 days - Monday to Sunday - 12 p.m. to 4 a.m.

Lease
Lease expires 4th April 2029 + One 5 year option - CPI Increases - Rental Bond $ 60,500. (three months)

Employees
1 fulltime + 8 casuals

Comments
Misc. - 1 - Other expenses Pest control, Waste disposal, Cleaning, Printing and Stationary, Merchant fees etc.Misc. - 2 - Various other expenses.Motivated Vendor - All serious offers considered - Price reduction

Figures
Weekly Sales $16370
Rent (ex GST) $3880
Wages $3800
Profit $3049

Agent SBX Code Number: PM1063 - SBX Business Brokers

For more details, please email broker or call agents.