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Listing Details

  • Ad ID : 6607

  • Ads Post Date : September 17, 2020

  • Sale Price : S$1

  • Location : Singapore

  • District : D19 - Punggol - Sengkang - Serangoon Gardens

  • Views : 707

  • Established since: 2005

  • Annual Revenue: 100k

  • Annual Gross Profit: 20k

  • Rental Fee: 15000

  • Premises Size (Sqft): 2700

  • No. of Staff: 15

  • 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.

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