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Listing Id: 36646 Total Views: 718

(Sold) Multipurpose Event Space – Profitable, Fully Fitted, Prime Location

Serangoon

Date Closed: 23/06/2025

Asking Price: S$40,000(Neg.)

Overview

  • Premise Type N/A
  • Premise Size 1400 sqft / 130 sqm
  • Monthly Rental S$7,200
  • Rental Desposit S$20,000***
  • Revenue N/A
  • Liability N/A
  • Gross Profit N/A
  • Net Profit N/A
  • Stock N/A
  • FFE N/A
  • Payable N/A
  • Receivable N/A
  • Owner Role Full Time
  • Staff N/A
  • Established N/A
  • Source Broker
  • ***include in the selling price

Reason For Sale

To focus on private family matters

Description

This is a rare opportunity to acquire a profitable, fully furnished, and centrally located multipurpose event venue. Strategically positioned along a main road with excellent accessibility, the space is well known for its immersive setup, flexible functionality, and strong track record of repeat bookings.

The business is anchored by a event space rental model, offering clients a fully private, feature-rich venue at an hourly rate. This plug-and-play model is simple, highly scalable, and appeals to a broad spectrum of clientele — from casual private gatherings to structured corporate sessions.

**Inclusions in sale**
-Full inventory of furniture, entertainment equipment, and AV systems
-Brand assets including business name, logo, and creative materials
-Customer database and recurring client list
-Digital assets: professionally developed website, active social media accounts
-Leasehold rights and relevant transfer documentation
-Onboarding and transition support from the current owner

The venue’s unique environment and integrated entertainment features make it ideal for:
-Private parties, birthdays, and baby showers
-Corporate offsites, product launches, and team-building events
-Workshops, creative sessions, fitness classes, and community meetups

**Key business highlights**
Established & branded
Strong digital presence with 5-star customer ratings, high organic search traffic, and listings on key event platforms.

**Highly adaptable format**
Customizable layout supports a wide variety of event types, from informal social gatherings to structured classes or presentations.

**Prime city fringe location**
Ground-floor shophouse unit along a prominent main road. Accessible by public transport and near ample parking facilities.

**Revenue-ready rental model**
Proven hourly pricing structure, with peak demand on weekends and evenings. Steady stream of repeat bookings from both individuals and businesses. Upsell potential through event services and add-ons.

**Premises Details**
Size: Approximately 1,400 square feet
Monthly Rent: S$7,200
Lease Term: Current lease runs until 30 June 2026, with an option to renew
Landlord Liaison: The seller is open to assisting the buyer in liaising with the landlord to discuss lease renewal or to negotiate a new lease upon takeover

Venue spaces (zoned functional areas)
The venue is thoughtfully segmented into five key zones to enhance guest flow and functionality:
1. Lounge & chill area – Relaxed setting with comfortable seating, ideal for mingling and informal conversations.
2. Gaming zone – Interactive entertainment area featuring arcade machines and social games.
3. Dining / workshop area – Flexible table and seating configuration for meals, team activities, or workshops.
4. Stage & presentation area – Fitted with AV for presentations, screenings, or formal activities.
5. Photo spot / decor corner – Dedicated area for themed décor, selfies, or branded photo backdrops.

Fixtures & equipment (all included in sale)
The venue is sold fully operational, complete with high-value entertainment and tech equipment:
-K system
-Speaker and mic
-Projector
-Pool table
-Acarde machine
-Basketball machine
-Dart machine
-Auto Mj table - Brand New
-Fridge
-Ice box
-Sound proofing curtain
-TV and sofa
-Cctv
-Foldable table and chairs
-Water dispenser
-Reception table

*Important Note on Sale Scope*
Please take note that this is a business takeover specifically for the event space, brand, and its associated digital assets — including the website, social media accounts, and customer/client lists. The sale does not include the ownership of the broader legal entity or any other businesses operated under the same corporate structure, which would be subject to a separate and higher valuation framework.

Buyers are encouraged to use their own existing entity or incorporate a new one to facilitate the takeover.

While booking records, revenue samples, and cost breakdowns will be provided for due diligence purposes, a full financial report is not required or applicable, unless the buyer is pursuing acquisition of the entire company entity.

Property Information

Rent
Premise Status

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