Karaoke business in the Hills District Limited competition and over $900K worth of fit-out
Karaoke business in the Hills District Limited competition and over $900K worth of fit-out
Industry :
Leisure/EntertainmentSub Industry :
Bars/NightclubsAn exceptional opportunity to acquire a pristine karaoke business built completely from scratch in 2024. Designed with premium acoustics and operational efficiency in mind, this fully licensed venue is a n easy-to-manage turnkey operation ready for a new owner to step in and generate immediate revenue.
Key Features & Highlights:
* Brand New Fit-Out (2024): Immaculate, modern design spanning two spacious floors. Fit-out cost were over $900K, no further capital expenditure required.
* 9 Private Soundproof Rooms: Fully compliant, high-quality soundproofing. Room sizes are highly versatile, with small room accommodating intimate groups of 5-6 and large room up to large parties of 20+ guests.
* Fully Licensed & Equipped: Holds a full liquor license. Features a dedicated small kitchen complete with a grease trap, perfect for expanding the food and beverage menu.
* Prime Trading Hours: Permitted to operate 7 days until midnight.
* State-of-the-Art Entertainment: High-end karaoke systems currently featuring extensive English and Chinese song libraries, with the software easily adaptable to add additional languages to suit your target demographic.
* Exceptional Parking: Highly convenient location with plenty of accessible council parking right at your doorstep.
* Low Overhead & Easy Management: This business model boasts incredibly low labor costs and a streamlined operational workflow. It requires only one staff member to operate during weekdays and just two staff members during peak weekend shifts (e.g., Saturdays). Perfect for an owner-operator or an investor looking for a low-maintenance, high-margin business.
To find out more on the business, please contact Canaan on the enquiry button or contact on canaanl@ubba.com.au
THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF
Canaan is a licensed business broker with over 13 years of experience in selling all types of businesses throughout NSW
Queensland
Australia
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$280,000
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Buying Advice :
Buying a business is a big deal! It can open up a new chapter in your life, expand your growing business base or fulfill that dream you’ve always had. Before you make that offer, there are a few things you should consider to determine whether this business is right for you or not.
These include:
Ensure the seller is 100% verified by us!
Can you afford the business? Do you need financing to assist with the purchase?
Have you done enough research? Complete some industry analysis, research competitors, verify revenue figures and so on!
Ask the seller some questions - why are they selling, will they be providing customer/supplier databases, what assets other than the physical business will be including (marketing materials etc), are their tax records and financial statements up to date and verified - this is your chance to pick the seller’s brain!
Make sure it’s the right business for you!
From there, you can make an informed choice - and if you do need some assistance, the Eden Ecosystem is here to help.
The Eden Ecosystem has been cultivated by us using our expertise as digital deal makers, and is designed to help buyers and sellers successfully complete business transactions. The ecosystem features franchising and private sale experts, lawyers, mergers & acquisitions experts, accountants, dedicated account managers, brokers, and network managers, who are all available to help you successfully buy your dream business. Looking for some extra assistance? Get in touch and we can help connect you with the right people!
Once you have submitted an enquiry to the seller, the seller can invite you to view confidential information about the listing after signing an NDA in order to conduct your due diligence. A business owner will ask you to sign an NDA before a deal can commence. This allows the business owner to keep certain information confidential, including client lists, employee information, intellectual property, trade secrets, pricing structures and so on, in case a deal cannot be met.
Typically, NDAs are often mutual - meaning, just as you're agreeing to keeping the seller's business information confidential, the seller must also offer that same level of confidentiality to keep your information private. Another thing to look out for is non-solicit provisions. If a seller has this clause in their NDA, you are prohibited from soliciting any of their clients or employees for yourself or your company for around 1-2 years.
Once you’ve done your due diligence and you’re satisfied, you can make an offer directly to the seller in the Deal Room where a transaction can be done. From start to finish, the entire business transaction can be done through the Eden Exchange platform.
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