The Entertainment business has been operating for a mere 8 months but has already proven to be profitable, featuring space for up to 40 patrons and enjoying steady foot traffic. Providing both service and sports entertainment. They have another branch in a different mall, each branch is managed by a dedicated team consisting of 7 coaches and 1 supervisor. The supervisor receives a 10% commission for private classes, there's room for cost reduction through staff downsizing. Additionally, the business possesses assets valued at 750k, with an additional 250k paid in cash to the mall. It is equipped with a strong MIS system for efficient cash flow tracking. With a broad customer base, accommodating 35-50 people, and planning to partner with schools.
RFS: The owner operates multiple chain businesses in malls. The proceeds from the sale will be used to establish another business venture in a mall in a GCC country.
BUSINESS DETAILS:
Size: 5000sqft
Established: 1 year in the business
Yearly Rent: 932,000 AED
Monthly Revenue: 300,000 AED
Monthly Expenses: 100,000-120,000 AED
Monthly Profit:150,000-200,000 AED
Number of Staffs: 7 coaches & 1 supervisor
Tenancy Contract: 5 years
Assets value: 750,000 in assets and an additional 250,000 paid in cash to the mall.
Selling Price: 8,000,000 AED
Note: Selling the two branches for 8M, with one generating a monthly profit of 75k, while the main branch brings in 1M in just 3 months.
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