0106001 Established Singapore KTV Bar and Lounge Bar for Sale

Description

Established Singapore KTV Bar and Lounge Bar for Sale
Listing No. 065-01-06-001

• Business: Bar and KTV
• Location: Central Singapore, Singapore
• Features: Business began for this successful karaoke (KTV) bar in 2013. Located in an appropriately suitable central Singapore tower building, it is easy to access and is ideally situated in an area with an excellent inflow of and exposure to Malaysian visitors. The building comes alive after hours as a popular venue for night-time entertainment. Fully licensed with 6 separate URA licenses (each license is good for 8 female entertainers), public entertainment, alcohol, safety and NEA, this entertainment venue is well presented for sale. Fully staffed and stock at the time of settlement (average value of about SGD 6,500) is included in the transfer. The asking price includes the refundable security deposit lodged with the landlord (SGD 18,000) and has been set at an ROI of less than 18 months, which is below industry standard. A Singapore registered company is available with this listing if required. Financial records are available and may be viewed after Inspection AND after completing a Non-Disclosure Agreement (NDA). This is a genuine sale offer we don’t expect to be available for long. Inspection is a must.
• Tenure: Business Sale and Rent (Sub-Leasehold Premises). 3 years with option to renew (Rolling Lease)
• Asking Price: SGD 280,000
• More Information: Please provide your name, phone number (with country code) and email address so we can contact you to assist

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