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Aquanova gone belly up

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ecureilx
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Aquanova gone belly up

Postby ecureilx » Thu, 12 Mar 2015 3:38 am

For CQ regulars, 70 Staff of Aquanova Group ended up in MOM for delayed salary, and operation having ceased

Odd that the property main tenant, public listed Lifebrandz seems unscathed ..
Last edited by ecureilx on Thu, 12 Mar 2015 8:16 am, edited 1 time in total.

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Re: Aquanova gone belly up

Postby JR8 » Thu, 12 Mar 2015 8:00 am

http://www.aquanova.sg/about/
That's where we saw Kumar do his/her stand-up show, hilarious!

p.s. From their last accounts (March-15):
'Income Statement
Revenue
The Group achieved a lower revenue of $4.3million for Q2FY2015. There was a drop of about 28% over the corresponding quarter of last financial year. The lower sales was mainly affected by lesser crowd spending at the respective outlets, and the restriction on liquor licensing hours imposed by the authorities.The operating outlets are also facing stiff competition from other clubs at the vicinity. Existing concept of Mulligans maintained its popularity and activities at the Clarke Quay environment. Market condition in the industry has been challenging and competitive. The Group continues to embark on various promotion activities to maintain business sales and performance.'

http://lifebrandz.listedcompany.com/new ... 0E1Q.1.pdf
Last edited by JR8 on Thu, 12 Mar 2015 8:45 am, edited 1 time in total.
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Re: Aquanova gone belly up

Postby ecureilx » Thu, 12 Mar 2015 8:17 am

JR8 wrote:http://www.aquanova.sg/about/

That's where we saw Kumar do his/her stand-up show, hilarious!


or is Kumar Jinxed ?

First the Place in Bugis, then Boom Boom Room at China Square, then the one at OT, then ..

Just kidding !!!

Aquanova had huge overheads I believe and somebody didn't do the numbers correctly to have not paid staff for more than a month !!!

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Re: Aquanova gone belly up

Postby Barnsley » Thu, 12 Mar 2015 9:45 am

Maybe folk are finally getting fed up of paying $25 for a pint ...........
Life is short, paddle harder!!

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Re: Aquanova gone belly up

Postby JR8 » Thu, 12 Mar 2015 9:54 am

Barnsley wrote:Maybe folk are finally getting fed up of paying $25 for a pint ...........


No kidding. But who owns the head-leases at CQ, that was the largest factor that ran them into the ground? ... :-k

Oh and limiting their alcohol license hours. The death-knell for them in turning a net profit.
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Re: Aquanova gone belly up

Postby the lynx » Thu, 12 Mar 2015 10:44 am

So sad. Some of my friends are actually band members for Aquanova :(

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Re: Aquanova gone belly up

Postby ecureilx » Thu, 12 Mar 2015 10:49 am

the lynx wrote:So sad. Some of my friends are actually band members for Aquanova :(

Same here

A couple of band members are friends and one is a friend for long time

Somebody hypothised the promoter concept allowing cover free entry / VIP area for low spenders contributed to the crash ...

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Re: Aquanova gone belly up

Postby JR8 » Thu, 12 Mar 2015 11:11 am

the lynx wrote:So sad. Some of my friends are actually band members for Aquanova :(


IIRC we saw Jive Talkin' there. They having something of a 'tank' of a trans-gender backing singer. Hell of a talented and professional show, and great fun.
http://jive-talkin.com/

.... scroll down for the clip of say 'Don't stop believing' by Journey :) =D> . If you've ever tried to K-Box it, you'll know how damned difficult it is to sing!
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Re: Aquanova gone belly up

Postby JR8 » Thu, 12 Mar 2015 11:25 am

ecureilx wrote:Somebody hypothised the promoter concept allowing cover free entry / VIP area for low spenders contributed to the crash ...


Note how the front 'VIP' $$$ section of last night's One Direction audience, was rather Devoid of people willing to pay for those tix.

Image

Both cases suggest lack of optimal planning, a material hazard in a net low-margin business.
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Re: Aquanova gone belly up

Postby the lynx » Thu, 12 Mar 2015 11:50 am

JR8 wrote:
ecureilx wrote:Somebody hypothised the promoter concept allowing cover free entry / VIP area for low spenders contributed to the crash ...


Note how the front 'VIP' $$$ section of last night's One Direction audience, was rather Devoid of people willing to pay for those tix.

Image

Both cases suggest lack of optimal planning, a material hazard in a net low-margin business.


For heaven's sake, I hope you really didn't go there yourself...............................

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Re: Aquanova gone belly up

Postby rajagainstthemachine » Thu, 12 Mar 2015 12:25 pm

the lynx wrote:
JR8 wrote:
ecureilx wrote:Somebody hypothised the promoter concept allowing cover free entry / VIP area for low spenders contributed to the crash ...


Note how the front 'VIP' $$$ section of last night's One Direction audience, was rather Devoid of people willing to pay for those tix.

Image

Both cases suggest lack of optimal planning, a material hazard in a net low-margin business.


For heaven's sake, I hope you really didn't go there yourself...............................


:lol: :lol:
To get there early is on time and showing up on time is late

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Re: Aquanova gone belly up

Postby bro75 » Thu, 12 Mar 2015 1:31 pm

:D nothing wrong with being a closet 1D fan. :D

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Re: Aquanova gone belly up

Postby nakatago » Thu, 12 Mar 2015 1:33 pm

bro75 wrote::D nothing wrong with being a closet 1D fan. :D


He's so deep in the closet that he's in Narnia.

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Re: Aquanova gone belly up

Postby Barnsley » Thu, 12 Mar 2015 2:06 pm

bro75 wrote::D nothing wrong with being a closet 1D fan. :D


I concur
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Re: Aquanova gone belly up

Postby Sporkin » Thu, 12 Mar 2015 2:16 pm

How odd, I used to be a regular there, and somewhat of a drunktard around the CQ area particularly Crazy Elephant and Mulligans.

Their bottle charges are not that expensive and with free mixers I don't see how they make much from it at all.


ecureilx wrote:
the lynx wrote:So sad. Some of my friends are actually band members for Aquanova :(

Same here

A couple of band members are friends and one is a friend for long time

Somebody hypothised the promoter concept allowing cover free entry / VIP area for low spenders contributed to the crash ...


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