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Exploding Music Agency Profitable
Location: United States -> Michigan -> Detroit
Industry: Professional Services > Other Professional Services




Business Summary

Our client is an exploding, music talent agency--yearly revenue has increased since inception, at a percentage rate year over year of approximately 600%. Our client is a ''positive hustle and hard work ethic'' music talent business built on sheer effort of bringing music artists to the performance stage. Built from the ground up, the business foundation has been developing emerging performance talent while using well known artists to kick in larger revenue when possible. A great source of success has come from acquiring visas for in-demand international artists and bringing them to the US marketplace.

Our client brings the following:
- 80+ acts signed to exclusive contracts (1-to-2-year terms)
- Robust artist scouting protocol signing on average 3 acts a week
- Can be staffed with agents anywhere in the world - Access to the nation's largest contact book of venues, talent buyers and promoters
- Non-exclusive booking rights for Snoop Dogg, Ice Cube, OT Genasis, Xzibit, Warren G, Bizzy Bone, B.o.B and Bone Thugs N Harmony
- Over 1,000 performances booked in half of a calendar year (2022)
- Artists in several genres are actively leaving their current booking agencies in favor of coming onto our client's roster. Our client has been awarded positive recognition by a large majority of its artists as well as publications like MoneyGeek, DMC World, Pollstar, Gigwell, and Shoutout Atlanta.

The Company's key paradigm is to find and monetize talent. Our client's team is constantly scouting new talent locally and internationally and bringing them to marketplace. Our client consults on all aspects of artist growth from graphic design and social media strategy to music guidance and consulting. Urgency drives the foundations and operations of Our client's enterprise. This has proven to be a successful strategy, as month over month our client is showing exceptional growth: in 2022 up to July the Company is averaging $86,500 per month in gross revenue.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $1,200,000
Cash Flow:   $1,000,000
Cash Flow Type:  Sellers Discretionary Cash
Seller Financing:  No

About The Business

Year Established:  2019
Number of Employees:  4 - 5
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  Provided at no charge to enable a smooth transition
Reason For Selling:  Other projects




Print Listing Id: 700379292
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