Business Broker.Net | Connecting Business Buyers and Sellers

Asking Price:	$295,000 USD USA Dollars
Business for Sale Industry:	Manufacturing: Non-classifiable
Reason for Selling:	Relocating
Year Established:	1992
Yearly Revenues:	$78,075
Yearly Gross Income:	$78,075

Business for Sale Overview:

This recording studio, acoustically designed by Chris Huston, features 2 separate control rooms, each specifically built to address the needs of any professional music production or audio post production project. Occupying the entire upper floor and adjoined by audio tie lines, the 5 recording spaces (2 control rooms, 1 is booth, 1 studio, and one common area with vaulted ceiling offer maximum flexibility in terms of use of the space. From both control rooms you will enjoy unique views of a tranquil wooded ravine and river, even though the property is just minutes away from 4 major expressways. Since 1992, this creative boutique has become "home" to major label recording artists, broadcast TV/cable networks, local and national advertising agencies as well as many Fortune 500 companies. The lower level has office suites, a fireplace and wet bar.

Property Features and Assets:

This 5,200 square feet leased space has a monthly rent of $12,000, but the real estate is available for an additional $975,000. This unique purpose built facility contains two recording studios, sound booths, lounge areas for artists, and reception area. There is $270,250 of furniture, fixtures, and studio equipment included in the asking price. Studio equipment is state of the art.

Market Competition and Expansion:

For the future expansion, the new owner may want to include video production, web design or the entertainment industry in general. There are a number of recording studios in Southeast Michigan, but there are not a significant number on the west side. This is a great resource for artists in the outlying suburban areas.

Additional Details:

• The property is owned.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for 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.