Love Music And Making Money?
Location British Columbia,Canada
Asking Price Range $250K - $500K
Gross Revenues $55000
Net Profit / Cash Flow $55000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2006
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Yes, owner assistance during transition.
Description Love music and making money? Here is a fantastic opportunity to own this well established (6+ years) music rehearsal studio business and building. Long term and steady rental income from 6 alarmed, sound proofed, rehearsal studio rooms. 5 of the 6 rooms are rented monthly to long term tenants. The 6th room is available for hourly rentals for rehearsal space, recordings or music lessons. Full office, lounge and kitchen upstairs with 3 piece bathroom. Central location with easy access to major routes. Tilt up, concrete strata building with 3 parking stalls with ample adjacent parking. Purchase price includes strata unit #8, all equipment, inventory, furnishings and take over established business with clientele. Owners can help to provide start up assistance to new buyer if required.
Cap Rate of 8%
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