Recording Studios & Music Academy
Location:
United Kingdom
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Hyde, Cheshire
Industry: Entertainment and Leisure > Other Entertainment and Leisure
Business Summary
Recording Studios & Music Academy
High Specification Modern Infrastructure
Confidentially offered for sale
Ref No:CV030
Location: Hyde, Cheshire
Leasehold
Asking price: 499,000
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 successs 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.
Financials
Asking Price Range: $500K - $1.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: Sellers Discretionary Cash
Seller Financing: Not Disclosed
About The Business
Year Established: 2004
Number of Employees: 1 - 3
Relocatable: Not Disclosed
Franchise: Not Disclosed
Current Real Estate: Leased
Property: Property For Not Applicable
About The Sale
Management Training and Support: The current owner would be happy to provide full training and support at handover. He may also consider an ongoing paid consultancy role.
Click on the "I'm Interested" button above for more information on this Entertainment and Leisure > Other Entertainment and Leisure business for sale.
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Print Listing Id: 700101887
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