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Karaoke Entertainment 10% Down Netting $217,000 For Sale

Camden County, New Jersey, US
Asking Price:
$600,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$731,914
Cash Flow:
$217,964

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

Property Information

Real Estate:

Lease

Business Operation

Reasons for selling:

Retirement.

Trading hours:

Thurs 4pm-10pm; Fri 4-12; Sat 12-12: Sun 12-8pm

Employees:
1 FT/9 PT
Years established:
6

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Financing available:

Lender pre-screened with $60K down.

Furniture / Fixtures value:
$130,000 - included in the asking price
Inventory / Stock value:
$500 - included in the asking price
Relocatable:
This business can be relocated.