Singapore  Singapore

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Listing ID: 15638 Last Refreshed: 24/05/2019 7110 Views

Selling profitable Korean Style Booth Karaoke in building with cinema opposite schools

Asking Price <span class='currency'>S$</span>50K - 100K

Overview

Financial Performance

Monthly Figures
Revenue
S$5K - 10K
Gross Profit
S$5K - 10K
Net Profit
S$5K - 10K
Monthly Rentalt
Not Provided

Operations & Ownership

Owner Role
Full Time

Property Information

Premise Status
Rent
Premise Type
Shopping Mall

Operations & Growth

Reason For Sale

Multiple business, cannot focus on this.

Description

Booth Style Karaoke for students and family in shopping mall with cinema and Carl's Junior.


Our shop has individual aircon system so opening time can be choosen flexibly. 


Good to target K-pop lovers as our system provides English romanized lyrics for all Korean songs. 


Existing customers are nearby Korean residents and Korean School students.


Any addition in local customers mean plus in sales and profits. 




Current equipments:

Karaoke Machine (8 rooms, inclusive of sound system and TV)

Counter

Dart Machine 

Size Approx 500


Business has been operating for 14 months. It is fully furnished and ready for business. No more renovation is needed. The customer base has already set up. We have both day and night crowd because we are minutes from schools and private residences. 


The business idea came from 3 main questions

1. Why is karaoke in Singapore expensive?

2. Why isn't there place for students to enjoy in safe environment?

3. Why Singapore Karaokes do not use high quality audio systems?

Solving these problems became a business opportunity in Singapore.


1. Our shop offers as low as $2.5 per person to sing for an hour. The charges are by per room unlike other ktv. In addition, by using booths to act as a room, there is low setup cost compared to building soundproof rooms via renovations.

2. Karaoke in Singapore sells liquor, many cramped in central district. Our shop is located within residential and school zone.

3. Audio amp, equalizer, speakers cost high. Korean audio offers high quality and low price.


Looking for investors who are keen to invest or take over the place.


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