Rehearsal & Recording Studio For Sale
Passaic County, NJ
| Asking Price: | $199,000 |
| Gross Revenue: | $139,440 |
| Established Year: | 2010 |
| Cash Flow: | $65,548 |
| FF&E: | $55,000 |
Listing ID: 2242361Listing provided by BizBuySell
BUSINESS DESCRIPTION
Incredible Opportunity 2024 Cash Flow Up 25%
Incredible opportunity to buy this well-established rehearsal space, recording studio & performance venue located in Passaic County NJ. A new owner will have a sprawling 5,000 sq foot space & a desirable below-market lease with no personal guarantees & limitless possibilities.
A new owner can increase studio rental fees, and host events to easily grow revenue. Keep the current business model with existing clientele or modify it to suit your own vision for expansion.
There's potential to add a music school based on the size and hours of the current operation.
DETAILED INFORMATION
Location
Passaic County, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
5,000
Employees
4
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
5,000 square feet with 6 spacious rehearsal rooms, 1 recording studio, 1 musical hall, 1 large communal lounge & a usable terrace.
Incredible below-market lease with no personal guarantees.
Support & Training
Will train for 2 weeks @ $0 cost.
Reason for Selling
The owner is pursuing other endeavors.
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