3.5 Million Venue Karaoke / Private Party Rooms

Not Disclosed, FL
Broward County

Asking Price: Annual Revenue:
$950,000 $2,000,000

Recreation: Entertainment

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RE: 3.5 Million Venue Karaoke / Private Party Rooms Broker: Moche Hazout
Owner Financing is Available!
95K at 6% Interest for 24 Months

Quick Facts

Asking Price: $950,000
Annual Revenue: $2,000,000
Net Profit: Not Disclosed
Cash Flow: $670,391
Total Debt: Not Disclosed
FF&E: $1,500,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 34
BBN Listing #: 5015630
Broker Reference #: 0101509755

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Business Overview:

$3.5 million invested in the expansive complex of one of South Florida's premier entertainment destinations, including 18 karaoke / private party rooms, of different sizes, built under the direction of renowned architect team. The venue is equipped with cutting-edge audio and visual technology and offers a unique multimedia experience with more than 50,000 songs in multiple languages. Guests can enjoy an exclusive in-room fine dining experience, with gourmet culinary options and an extensive wine, beer and cocktail menu. The location has a full-size commercial kitchen with all top of the line equipment. 11,000 square foot space in a prime location in South Broward, great lease. $200,000 4COP Full Liquor License. May qualify for work Visa. Please refer to listing 0101509755 business broker Moche Hazout when you inquire about this listing.

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Property Features and Assets:

Lease/Month: $23,000; Square Footage: 11,000; Building Type: Strip Mall; Terms & Options: Available; Expiration Date: 1/15/2024.

Market Competition and Expansion:

Non Compete : Miles: 20 Years: 3

Reason for Selling:

Other Ventures.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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