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Music Rehearsal Studio for Sale

Los Angeles, CA
Asking Price:$64,000
Inventory:$100
FF&E:$66,000
Gross Revenue:$91,890
Rent:$3,667/Month
Established Year:2019
Listing ID: 2264877Listing provided by BizBuySell
BUSINESS DESCRIPTION

Top Quality Music Space

This Music Studio has been established for 5 years. Owner no longer lives in the immediate area and is looking for someone to take over. The studio is well known by musicians in the area as being "the best studio around." The studio is top quality, and all the equipment is new and well taken care of. Over the past 5 years (through COVID) we have built a strong client base. The business is still in its growing phase and has a lot of upward potential.

DETAILED INFORMATION
Location
Los Angeles, CA
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
3,416
Lease Expiration
31/10/2024
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Business sale will include all furniture and equipment. The studio is furnished with very nice "home style" couches, tables, chairs, and decorations. The studio contains 5 studio unites, all furnished with PA systems, and backline. Musical gear is all fairly new and in very good condition. This includes all PA Systems, mixing boards, speakers, guitar and bass amplifiers, drum sets, mics and miscellaneous cables adapters etc...
Competition
Business is nestled between two competitors - one in Reseda and one in Northridge. As a newer business, we get a lot of left over business from these two competitors. New owner can capitalize on this if interested. Clients almost always comment that we are the nicest studio they've been too. Upward potential is very strong.
Growth & Expansion
Penetrating the local market is a huge opportunity. Current owner does not have much interest in social media and online advertising. New owners could use an on-line presence as a major boost. The studio could also be used for podcasts, music schools and other related ideas.
Financing
Cash
Support & Training
Owner will provide onsite training for one week, and be available as needed for one month following the sale.
Reason for Selling
Owner no longer lives in the immediate area would like to pass the business on t
Franchise
This business is an established franchise
BUSINESS LOCATION
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Mark Baldwin
Phone Number
Mark Baldwin
Call Phone