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Listing Id: 13772 Last Refreshed: 07/05/2019 13455 Views

Chinese Flower Joint/ KTV / Night Lounge For Sale

Asking Price <span class='currency'>S$</span>300,000
Kallang/Whampoa PUBs Entertainment and Leisure Businesses
Business For Takeover
1 / 4

Overview

Financial Performance

Annual Figures
Revenue
&gt; S$1M
Gross Profit
Not Provided
Net Profit
Not Provided
Monthly Rentalt
S$32,000

Business Operations & Assets

Year of Incorporation
2014
Owner Role
Full Time
Premise Status
Rent
Rental Deposit
S$64,000 Price Included
Premises Details
As explained in Description

Business Details

Reason For Sale

Owners parting ways

Description

Outlet Details


- Located along Jalan Sultan Area.

- Monthly Rental Fee: $32,000

- Approx. 4600 sqft

- 11 KTV Rooms (4 Regular, 5 Deluxe, 2 VIP)

- 1 Admin Office 

- 1 Performers Changing Room

- Whole level belongs to the joint outlet

- Newly renovated main hall including performing stage. 

- Fittings, Furnitures and Equipment all included in selling price


HR Details


8x Performing Artist Work Permit Spaces

2x PRC Work Permit Spaces

11x Malaysian/NAS Work Permit Spaces

5x Special Pass Spaces


Admin Details


- Landlord assists in applying/renewing required licenses for operation 

- Public Entertainment License and Liquor License recently renewed


Selling price negotiable. 

Feel free to enquire via message, or sending a mail in this website is fine too. 

Buyer Support & Terms

Support and Training

General Manager will be guiding new owners for the transition.
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Questions to Ask Suggested questions to discuss with the business owner.
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Due Diligence Items Important documents and information a buyer should independently verify.
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