Aquanova gone belly up

[ecureilx]

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 ..

[JR8]

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

[ecureilx]

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 !!!

[Barnsley]

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

[JR8]

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? ...

Oh and limiting their alcohol license hours. The death-knell for them in turning a net profit.

[the lynx]

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

[ecureilx]

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 ...

[JR8]

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 . If you've ever tried to K-Box it, you'll know how damned difficult it is to sing!

[JR8]

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.



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

[the lynx]

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.



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...............................

[rajagainstthemachine]

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.



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...............................

[bro75]

nothing wrong with being a closet 1D fan.

[nakatago]

nothing wrong with being a closet 1D fan.

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

[Barnsley]

nothing wrong with being a closet 1D fan.

I concur

[Sporkin]

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.

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 ...