Listing Details
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Ad ID : 6607
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Ads Post Date : September 17, 2020
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Sale Price : S$1
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Location : Singapore
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District : D19 - Punggol - Sengkang - Serangoon Gardens
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Views : 707
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Established since: 2005
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Annual Revenue: 100k
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Annual Gross Profit: 20k
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Rental Fee: 15000
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Premises Size (Sqft): 2700
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No. of Staff: 15
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Reason to Sell Business: Partners Health Issue and too many units under management
Description
This Nightclub/KTV is located near Farrar Park MRT/ City Square Shopping Mall/ The coming Centrium Square Office Tower/ 2 Park Royal Hotels , Medical Tower , Mustafa Centre.
It has been operated for 15 years with well established brand name and customers base , the unit is closed for operation due to COVID-19 circuit break , the renovation is old and need new renovation for future operation .
New lease term and option for renewal could be established with the owner directly, the current rental is S$15K plus GST for approx , 2700 sq.ft. ( 3 units) of total 20 rooms , asking S$1.00 for takeover of license subject to new lease secured with the landlord , could renovated and start the business immediately after 3rd stage Cricuit Break lifted for Entertainment Industry .
Heavy Traffic Area with very good exposure to main Serangoon Road Traffic.