Hot Listing

Easy to operate $700,000 Gross Revenue Business Kapolei

Asking Price$370,000

Cash Flow
$181,962
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$704,366

InventoryNot Disclosed

FF&E$100,662
Included in asking price
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Hot Listing

Easy to operate $700,000 Gross Revenue Business Kapolei


Asking Price$370,000

Cash Flow
$181,962
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$704,366

InventoryNot Disclosed

FF&E$100,662
Included in asking price
Business Description
The business has a Gross Revenue of $700,000 in FY 24. It features 7 Private Karaoke Rooms with Virtual Reality Games. There are also 2 Private Escape Rooms with their own control suite. No other business like this exists in Hawaii and/or across America. Buyer is purchasing assets not the LLC. Buyer will come in and make revenue on day #1 with accounts receivable. Buyer is expected to start their own LLC and acquire an FEIN and Hawaii GE Tax to acquire the business assets.

- You don't have to cook anything, make anything, fix anything or even sell anything. You don't have to manage inventory! You are basically just managing time slots! The business sells itself! 70% booking self made online and 30% done via phone or email! Credit Cards are at about 80% and cash sales is around 20% .

- Fixed costs consist of Rent, CAM fees, Karaoke license, booking software, liability insurance and website

- Variable costs consists of labor and admin, electricity, marketing, taxes and maintenance. Variable costs vary depending on the amount of work you put it into the business!

- 7 years of experience and still growing. Standard operating procedures have been optimized to get the most out of employees and ensure smooth operations. All assets are owned ($100k) so no liabilities will be incurred.

- Only requires one person to run the day-to-day operations on the weekdays, and 2 on the weekends during peak hours. Labor costs are about 8% of Gross Revenue. Incredible labor costs compared to the current market.

The sale includes intellectual property. It comes with a website domain that ranks high on Google. It also includes social media with about 2,000 followers. There is a mailing list with over 20,000 subscribers. The sale features a third-party booking system that works with Trip Advisor, Groupon, Get Your Guide, and Viator. It has a 24/7 online booking system. Plus, it includes Hawaii's only media device activated karaoke system.

The owner and operator are willing to stay on for a negotiable time. They will train, advise, and manage daily operations to ensure a smooth transition. I have already figured it out - so you don't make any mistakes. Just focus on growing the business!

- Easy maintenance for the equipment NO special contractors or vendors needed (except for Air Conditioning) . Literally everything you need can be purchased from Amazon, Ebay , Home Depot or Wal Mart.

This is a great chance for a ghost investor. It’s perfect for someone who wants to keep their regular job. It’s also good for someone who wants to run this full time. You can enjoy the immediate satisfaction of happy customers and profits!

About the Business
Years in Operation
8
Employees
5
Facilities & Assets
Price includes all furniture, fixtures, Air conditioning, Karaoke equipment. Also includes hardware and software to run Karaoke, Virtual Reality and Escape Room. Also includes mailing list of over 12k customers, social media platforms, websites, 3rd party sellers, booking system and best practices to effeciently run operatoins.
Website
https://kapoleikaraokevr.net
Market Outlook / Competition
Market growth potential is insanely high as Kapolei and Ewa Beach continues to expand with residents and hotels. Currently no competition in West Oahu. Existing competition in Pearl Ridge area makes no impact to current bookings. The cost of real estate is high. This makes it hard for new Karaoke places to open. Landowners are also hesitant to let Karaoke businesses in their buildings.
Opportunities for Growth
Anticipate that revenue could double if incoming owner can leverage hotels in the area for additional bookings - current market is 90% locals and 10% tourists. Venue has great potential for growth especially since no other establishment in West Oahu is private and open past 10pm. Although our market is across all of Oahu, primary market for Karaoke rooms is in the Kapolei area which is anticipated to grow at 2% annually. This means - the business will continue to grow as Kapolei grows.
Real Estate
Owned or Leased
Leased
Building Sq. Ft.
3,500
Rent
$28,500.00 per month
Lease Expiration
5/19/2028
About the Sale
Seller Motivation
Just got married and want to focus more time on family
Transition Support
Owner remain onboard for 3 months for transition. Typical employee training is a weekend to learn everything. Will transition website domain, booking software, Social media, mailing list, Google Ads, meta ads, Groupon account, Trip Advisor, Viator, Get your Guide and Google Things to Do to owner and teach effective SEO if required. All software includes Help Desk.
Financing Options
Open to seller financing dependent on collateral
Listing Info
ID
2316104
Listing Views
3296

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Business Listed by: jason kalani

Listing ID: 2316104 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.