Successful Music Recording Studio And Rehearsal Studio Complex For Sale

Business description

Established since 2003.
FIVE Large professional soundproofed & sound conditioned Rehearsal Studios.
A Drum Practice Room.
A Fully integrated Sound Proofed & Acoustically Conditioned Control/Mastering Room.
Fully de-coupled from the Live Room with a Triple Glazed angled viewing window.
Full Wiring between the Control Room & the Live Room.Up Stairs Office.
Fully Alarmed.
Conveniently located with easy access from the North and South A12 in Essex.
Since established the Company has built a 300+ client base who use the studios on a regular basis.
The rehearsal studios are more often fully booked on a weekly basis with regular recordings each month. 
This is run with minimal staffing requirements.
The Company caters for the many broad range of musical genres and boosts an extensive client list.
Very popular & regarded by many as one of the best studios in the South East UK.

Property information

Property:

Leasehold

Lease terms:

The standard lease is 6 years & renewable. The current lease has about 2 years left & a new 6 year or more lease can be arranged for the new owner when the handover takes place.

Leasehold rent:

£15,000 per annum

Location:

Conveniently located with easy access from all around, particularly from the North and South A12 in Essex.

Premises details:

The Studios are within a large unit containing 4 other companies.

Size in square feet:

~3500

Other information

Expansion potential:

The studios were initially started up to fuel a passionate hobby, originally there was only supposed to be one high standard practice room & a professional recording suite. Then it took off rapidly & the business has been expanded to what it is today. However the owners health has got in the way & running a large company has proved to difficult for him. The last two years the studios have been run at around quarter capacity due to the declining health of the owner (a degenerative spinal condition). For example the studios are currently closed in the daytime monday to friday except for recordings, and the recordings have been kept where possible to a maximum of 3 days per week. Marketing has been kept to a minimum to keep the work at a level the owner could cope with. Therefore there is a huge scope for improvements which can be discussed with the seller, such as how to get the rehearsal side of the business alone to turnover around £100k, PLUS the recording poential of over £60k, pushing the profit to over £120k without even considering the retail shop side of the business!
There is also scope for adding a second floor over the other half of the building without requiring more space where a Video Studio, or even another practice studio could be set up, perhaps even a modest sized shop could be fitted into the current space of the unit. The largest studio - Studio 5 is also wired up to allow live recording, therfore web cams could be setup & bands could do 'web gigs' from the room & charge over the web for watching!
There is more rentable space immediately next to the studio for even further expansion if required.

Competition / Market:

There are two other known studios within an 8 mile radius, however neither are as large or successful.

Support & training:

4 weeks free training* for handover is offered inclusive in sale price. The training covers day to day running of the studio & engineering training, incuding the enginneering tips & tricks that gave the studio it's excellent reputation. *5 x 6hr days per week.

Reasons for selling:

Selling due to poor health & family commitment. The price has been dropped dramatically to get a faster sale as owners health is rapidly depreciating.

Trading hours:

Current opening times are 11am to 5pm daytime. Then 7pm to 11pm evening times 7 days per week. These hours can be extended & manipulated should the new owner require it.

Furniture / Fixtures value:

£45,000 (included in the asking price)

Inventory / Stock value:

£30,000

Website:

www.stagstudios.com