Business for Sale Overview:
These superbly appointed recording studios were set up some six years ago by the current vendor as a private recording studio for himself, family and fellow musicians. It was not established to become a commercial profit making establishment and as such a non-profit making arm was established in 2004 for the collective musicians to provide tuition and courses as a music academy to the wider community to assist with overheads. Over the last six years the vendor has spent a considerable amount of time and resource building up the infrastructure and reputation of the studios. It is no exaggeration to state that the studio enjoys assocations with some of the biggest names in the music industry, such is its commitment to providing its services to enable local talent to develop. The proprietor established his own seperate production and management company which has enjoyed recent success’ which have prompted the sale to allow him to pursue these activaties within the major record label circles he is now working in.
The current premises have been converted at a cost of circa £250,000 to provide a superb platform to its users, with a major renovation completed in 2007. They have also been equipped with the latest sound, recording, mixing and performing equipment with no expenses spared. All fixtures and fittings, equipment and instruments are included in the sale price.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The premises are leasehold. Current rent is £11,000 p.a. There are 5 years remaining on the current lease. As a community led music school the studios benefit from 100% rate relief. Overheads total a very low £20,000.
Market Competition and Expansion:
The studio has its own website and also utilise My Space (10,000 + members). It has an e-mail subscriber database of some 2000 members.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.