Established Singapore KTV Bar and Lounge Bar for Sale
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  • Established Singapore KTV Bar and Lounge Bar for Sale
For Sale and Rent

Established Singapore KTV Bar and Lounge Bar for Sale

Listing Number:

  • 065-01-06-001

Asking Price:

  • SGD 280,000

Entertainment Bar / Pub
Central Kallang

Business Details

Company:

  • Yes

Current Staff:

  • 13 Full-Time Salaried

Licenses:

The following licenses are included:
  • Entertainment
  • Alcohol
  • Other

Seating Capacity:
Approximately 80 at:

  • Bar Counter
  • Sofas
  • Standard Tables
  • Other

Average Monthly Electricity:

  • SGD 300

Average Monthly Water:

  • SGD 100

Property Details

Tenure:

  • Business Sale and Rent (Sub-Leasehold Premises). 3 years with option to renew (Rolling Lease).

Rent:

  • SGD 9,000 per month. Payable monthly in advance

Security Deposit:

  • SGD 18,000.

Connected Utilities:

  • Power
  • Water
  • Internet

Stock:

  • Stock at the time of settlement is Included in the asking price

Internet:

  • Connected at the cost of SGD 99 per month. Wifi Enabled.

Price Negotiable:

  • Yes, near offers will be considered

Agent's Comments

Business began for this successful karaoke (KTV) bar in 2013. Located in an appropriately suitable central Singapore tower building, it is easy to access and is ideally situated in an area with an excellent inflow of and exposure to Malaysian visitors. The building comes alive after hours as a popular venue for night-time entertainment. Fully licensed with 6 separate URA licenses (each license is good for 8 female entertainers), public entertainment, alcohol, safety and NEA, this entertainment venue is well presented for sale. Fully staffed and stock at the time of settlement (average value of about SGD 6,500) is included in the transfer. Price is very reasonable given the ability for a buyer to take over and run immediately without additional cost. The asking price includes the refundable security deposit lodged with the landlord (SGD 18,000) and has been set at an ROI of less than 18 months, which is below industry standard. In all, a great entertainment business in central Singapore with proven viability and priced to sell. This is a genuine sale offer we don't expect to be available for long. Inspection is a must.