Karaoke Entertainment 10% Down Netting $217,000

Business
  • Listing# : 18266
  • Listed Price : $600,000
  • Total Sales : $731,914
  • SIC : 79, 792
  • Down Payment : $60,000
  • Status : Active
  • Discretionary Earnings : $217,964

Business Type :

Recreation / Entertainment

Business Description :

You only need 10% ($60,000) down to purchase this successful business! This business has already been lender approved. You will earn $127,000 after paying loan also in the first year getting your 10% back in 8.5 months!! 

This is a karaoke entertainment business that can handle multiple events at one time at their facility. They are BYOB (beer and wine) plus have local places that will bring food to their customers. Great entertainment for corporate parties, families, friends, etc.

  • Email list over 5k and Instagram followers over 3.8k
  • 66% of bookings are online 
  • 4.9 google rating 
  • There is no direct competition 
  • Restaurant partnerships that generate fixed margin on all food
  • Owner oversees the operations and has a full-time manager 

Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $0
    • Incl :
    • Inventory $500
    • Incl : Yes
    • Liabilities $0
    • Incl :
    • FF&E $130,000
    • Incl : Yes
    • Other: $0
    • Incl :
    • Leasehold $200,000
    • Incl : Yes
    • Total Assets $330,500
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Recreation