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Posted: Friday, September 29, 2017 2:40 PM

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Karaoke Bar & Lounge Opportunity

Business Description: Karaoke Bar & Lounge Opportunity. Located in downtown Manhattan, this is a great opportunity for someone looking to get into the bar/lounge business. They are only open M-Th from 9pm- 3am, Fri & Sat. 8pm-3am. You can add other items to extend daytime hours such as tea, coffee, ice cream, etc. This is a steal at only $59K. It would easily cost over $100K to build a place like this from scratch. They have a tavern license (beer, wine and sake). There is no kitchen, but a small food prep area. Outside food is brought in at a 100% plus mark-up. They offer three private karaoke rooms: 2 mid-size (up to 8-10 ppl) and 1 large (up to 20 ppl) , a main karaoke bar area (up to 40 ppl), big screen LCD TVs in every room and the bar area, a state-of-the-art karaoke equipment and sound system (available for additional charge), a cable TV subscription for major sporting events, two unisex bathrooms (newly renovated) and a 120 sq.ft. storage room (can be convert back to karaoke room). This is strictly a sale of the assets and lease. THIS SALE IS NOT BASED ON CURRENT FINANCIALS. There are 5 yrs. remaining on the current lease at a rent of $8,000//mth. for a 1,200 sq. ft space. The lease can be extended for a qualified tenant. We are seeking a serious and financially qualified buyer with at least $75K in liquid funds to cover the asking price and $16K in rent security. To learn more, please call Mel Vaz today at 1-877-735-5224. ALL SITE VISITS MUST BE DISCREET. PLEASE DO NOT MENTION THE SALE WHEN VISITING THE LOCATION.

Asking Price: $59,000.00

Gross Revenue: $0.00

Owner's Cash Flow: $0.00

Down Payment: $59,000.00

For more information, contact Vested Business Brokers at 1(877) 7355224.

We have over 3,700 businesses for sale, many with owner financing. Visit our site today to find the business that's right for you.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.

• Location: Manhattan, New York County

• Post ID: 134938062 manhattan

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