Karaoke bar with video recording system
1- Concept
Date Karaoke is a karaoke bar concept, open 7 evenings a week, which offers Karaoke evenings to its customers. Customers participating in Karaoke can download, in real time, the high-definition video of their performance.
This concept is greatly appreciated by the clientele, who becomes an important vector in the promotion of the place, at no cost to the company.
To date, over 27,000 videos have been uploaded to the platform. We have also produced a video management tool that makes our life much easier in managing all of the content for the LeDateKaraoke.com site .
We are looking for future franchisees for the regions of Montreal, Laval, South Shore of Montreal, Montérégie, Quebec and Mont-Tremblant. Experience in bars and restaurants is important but not essential, since you will benefit from significant support and support from our team, in all stages of the project.
2- Initial investment
Franchise fees:
$ 70,000
Equipment and furniture:
$ 65,000
Lease and leasehold improvements:
$ 80,000 - $ 150,000
Initial inventory:
$ 10,000
Initial rent, insurance etc:
variable
Royalty fee:
Monthly (6% of gross sales per month)
Marketing:
Monthly (6% of gross sales per month)
3- Stages of execution
* Determine the location (2000 to 3000 square feet)
* Agreement in principle on the details surrounding the agreement
* Security deposit of $ 5,000 (refundable)
* Analysis of franchise documents
* Verification of the background of the future franchisee
*Signature
* Development and architectural plan
* Permit applications
*Beginning of the roadworks
* Training and certification