Profitable Japanese Karaoke Lounge in Miami

Not Disclosed, FL
Miami Dade County


Asking Price: Annual Revenue:
$175,000 $468,749

Recreation: Entertainment


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RE: Profitable Japanese Karaoke Lounge in Miami Broker: Russell Cohen
Owner Financing is Available!
$100,000 down/$75,000 for 24 mos. @ 8%

Quick Facts

Asking Price: $175,000
Annual Revenue: $468,749
Net Profit: Not Disclosed
Cash Flow: $163,048
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 2015
Employees: 8
BBN Listing #: 26444955
Broker Reference #: 1043-14741

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Business Overview:

Reason for Sale: Relocating- Profitable Japanese Karaoke lounge in Miami. Established since 2015 near a major college and busy upscale family community. 6 karaoke rooms fully equipped for private entertainment. 3,500 square feet facility. Sales for 2018 $400,000+ with an owner benefit of $160,000. Open 7 days week 6pm - 3am. Small kitchen with hood. Great seller financing with $100,000 down.

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Property Features and Assets:

3,500 square feet Retail location-Rent $7,846- Lease expires 3-2021. Assets= $282,000

Reason for Selling:

Relocating.

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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