Trendy Karaoke Lounge & Bar - Great ROI Value!

Not Disclosed, TX
Harris County

Asking Price: Annual Revenue:
$65,000 $60,000

Food & Beverage: Bars, Clubs, Nightspots

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RE: Trendy Karaoke Lounge & Bar - Great ROI Value! Broker: Paul Tran

Quick Facts

Asking Price: $65,000
Annual Revenue: $60,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $100,000
Real Estate: Not Disclosed
Year Established: 2017
Employees: 3
BBN Listing #: 167644107
Broker Reference #: 76931-917601

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Business Overview:

Trendy Karaoke lounge with nine (9) private rooms decked with high end up to-date audio and video equipment. Each room is a lounge in itself with comfortable furnishings and a large projector screen. Business has licenses to serve beer, wine, and liquor! Absentee owner invested $300K for new FF&E and buildout a year ago and wants to sell to concentrate on other self owned businesses.

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Property Features and Assets:

Business was open one year ago.

Market Competition and Expansion:

Very little competition as location is in a densely populated area. Potential Growth Implement marketing and advertising, enhance website to include online reservation capabilities, develop Facebook/Instagram for online presence, add a bar to serve alcohol.

Reason for Selling:

Other business interests.

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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