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Aquanova gone belly up
Aquanova gone belly up
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 ..
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.
Re: Aquanova gone belly up
http://www.aquanova.sg/about/" onclick="window.open(this.href);return false;
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" onclick="window.open(this.href);return false;
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" onclick="window.open(this.href);return false;
Last edited by JR8 on Thu, 12 Mar 2015 8:45 am, edited 1 time in total.
'Do it or do not do it: You will regret both' - Kierkegaard
Re: Aquanova gone belly up
or is Kumar Jinxed ?JR8 wrote:http://www.aquanova.sg/about/
That's where we saw Kumar do his/her stand-up show, hilarious!
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 !!!
Re: Aquanova gone belly up
Maybe folk are finally getting fed up of paying $25 for a pint ...........
Life is short, paddle harder!!
Re: Aquanova gone belly up
No kidding. But who owns the head-leases at CQ, that was the largest factor that ran them into the ground? ...Barnsley wrote:Maybe folk are finally getting fed up of paying $25 for a pint ...........

Oh and limiting their alcohol license hours. The death-knell for them in turning a net profit.
'Do it or do not do it: You will regret both' - Kierkegaard
- the lynx
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Re: Aquanova gone belly up
So sad. Some of my friends are actually band members for Aquanova 

Re: Aquanova gone belly up
Same herethe lynx wrote:So sad. Some of my friends are actually band members for Aquanova
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 ...
Re: Aquanova gone belly up
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.the lynx wrote:So sad. Some of my friends are actually band members for Aquanova
http://jive-talkin.com/" onclick="window.open(this.href);return false;
.... scroll down for the clip of say 'Don't stop believing' by Journey


'Do it or do not do it: You will regret both' - Kierkegaard
Re: Aquanova gone belly up
Note how the front 'VIP' $$$ section of last night's One Direction audience, was rather Devoid of people willing to pay for those tix.ecureilx wrote:Somebody hypothised the promoter concept allowing cover free entry / VIP area for low spenders contributed to the crash ...

Both cases suggest lack of optimal planning, a material hazard in a net low-margin business.
'Do it or do not do it: You will regret both' - Kierkegaard
- the lynx
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Re: Aquanova gone belly up
For heaven's sake, I hope you really didn't go there yourself...............................JR8 wrote:Note how the front 'VIP' $$$ section of last night's One Direction audience, was rather Devoid of people willing to pay for those tix.ecureilx wrote:Somebody hypothised the promoter concept allowing cover free entry / VIP area for low spenders contributed to the crash ...
Both cases suggest lack of optimal planning, a material hazard in a net low-margin business.
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Re: Aquanova gone belly up
the lynx wrote:For heaven's sake, I hope you really didn't go there yourself...............................JR8 wrote:Note how the front 'VIP' $$$ section of last night's One Direction audience, was rather Devoid of people willing to pay for those tix.ecureilx wrote:Somebody hypothised the promoter concept allowing cover free entry / VIP area for low spenders contributed to the crash ...
Both cases suggest lack of optimal planning, a material hazard in a net low-margin business.


To get there early is on time and showing up on time is late
Re: Aquanova gone belly up


- nakatago
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Re: Aquanova gone belly up
He's so deep in the closet that he's in Narnia.bro75 wrote:nothing wrong with being a closet 1D fan.
"A quokka is what would happen if there was an anime about kangaroos."
Re: Aquanova gone belly up
I concurbro75 wrote:nothing wrong with being a closet 1D fan.
Life is short, paddle harder!!
Re: Aquanova gone belly up
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.
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:Same herethe lynx wrote:So sad. Some of my friends are actually band members for Aquanova
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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