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Music Rehearsal Business For Sale
Location: United States -> California -> Southern California - Los Angeles Area -> Los Angeles
Industry: Media and Communication > Other Media and Communication




Business Summary

Selling my half of successful rehearsal lockout business. This is easy money in the bank just collect rent from tenants each month. Never had a bad tenant!. We hold security deposits. Total of 8 rehearsal rooms. These are month to month 24/ hour access rehearsal rooms.

Most tenants are long term stays and the rehearsal rooms are always full. On average the rooms are renting for $800 per month (monthly revenue averaging $5,000). Plus there is an event hall space in the front of the business which generates an additional $3-4,000 in monthly revenues!

''mail box money''

fyi - lockouts businesses are thriving in the Hollywood area due the abundance of musicians who come here in search of music opportunities.
I'm only selling because i'm in search of real estate investment opportunities in Latin America and will be relocating there soon.

As the economy grows so will the rehearsal business!

Considering we are still in a deep recession this business is still highly profitable even after only a year in operation! Total 6 years left on lease.

My loss is your gain.

Again, there is very little of your personal time invested in this time of business!

Only asking $79,000. Contact for more information on this music rehearsal business for sale.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $100,000
Cash Flow:   $30,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $180,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2009
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Yes.
Reason For Selling:  Relocating need startup capital.




Print Listing Id: 700135246
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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