Opened third week of last August this business has generated a steady increase in interest and gross sales, peaking at 789,000P in January during Sinulag, and grossing over 3,400,000P in just 8.5 months. The gross sales for the past four months was P2,579,000 with monthly average sales of P644,750 and an extended potential year gross of P7,737,000 with a gross return on investment of less than two years. Much of this growth has been without local advertising. Advertising will greatly increase sales and profitability.
Business also includes a Studio Apartment for owners use or employees and or three private VIP rooms.
Because of its large 340sq meters it has become the ideal place for special events rental with three scheduled in the next three months.
The monthly rental of this large area is only P191 per square meter; making it one of the lowest in the Cebu night life industry and this lease rate has been promised to the new owner for the next year. Located in the heart of the entertainment and party district it is prime for a new, more aggressive owner to put this business over the top. Three major events are scheduled for the next three months and promise to give the new owner a substantial boost in income and notoriety.
At a price of only 9.2M pesos, (that is only $209K) and a motivated seller the potential for a profitable and fun business is very high. Price may be negotiable and open to a counter offer. Price also includes all inventory, and 9 specialty pool tables. The total inventory alone comes to over 2 million pesos.
Motivated to a quick sale this business will not last too long,
so contact Bruce at 0922-542-1613