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Iconic Rehearsal & Recording Studios With Licensed Bar For Sale
Location United Kingdom
Asking Price Range $1.0M - $2.5M
Gross Revenues $243446
Net Profit / Cash Flow $0
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1986
Number of Employees 4 - 5
Relocatable No
Number of Employees 4 - 5
Real Estate Owned
Training The current owners would be happy to provide full training and support at handover.
Description Established & Iconic Rehearsal & Recording Studios with licensed bar for sale.
Location Liverpool, City Centre
Asking Price 1,250,000
These famous and well established rehearsal studios were set up by the vendors almost 25 years ago in Liverpool to provide a productive and accessible platform for bands and musicians of all levels to rehearse in a studio/venue like environment. The vendors have spent a considerable ammount of time and resource building up the studios during this time and it now enjoys ''legendary'' status amongst many bands and music moguls, both big and small, as an intrinsic part of the Liverpool music scene. It is no exaggeration to state that the studio enjoy assocations with some of the biggest names in the music industry, such is its commitment to providing its services to enable local talent to develop.
The freehold premises have been subject to significant investment over recent years and they have had extensive renovations to maintain the character of the building and improve its appearance and infrastructure( circa 370,000). The vendors have also had to develop the interior fabric of the building to maintain the business revenue streams and provide the bands with the right environment to thrive in. The building is sub divided into the following revenue generators.
- 14 Rehearsal rooms ( 9 hourly booking studies and 5 long term studios)
- 110 Storage lockers for band equipment- current occupancy circa 65%
- 1 Demo Recording Studio Facility
- Equipment hire and accessories shop
- Fully licensed bar
The business ir run on a daily basis via a bookings diary. Payments are made either by Cash/BACS or Cheque.
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