The Studios High Spec Private Music Recording Facility
Ref.CN049
Location Hyde, Cheshire
Asking Price £200,000
Business Profile
These superbly appointed recording studios were set up in 2003 by the current vendor as a private recording studio for himself, family and fellow musicians. It was not established to become a commercial profit making establishment and as such a charity was established in 2006 for the collective musicians to provide tuition and courses as a music academy to the wider community, this work continues within schools although the family chose to keep the studio for their private use from 2013. Over the last two years the vendor has spent a considerable amount of time and resource building up the new luxury studios for his family and friends to enjoy.
The aim was to create a truly special experience with an inspiring and relaxing environment to boost the creative talents. The Studios do not dissapoint when it comes to achieving a creative base. It is no exaggeration to state that the studio enjoys associations with some of the biggest names in the music industry, such is its commitment to providing an enjoyable experience.
The proprietor established his own seperate production and management company that has enjoyed recent success and this has prompted the sale to allow him to pursue these activities within the major record label circles he now works in.
The current premises have been recently upgraded at an additional cost of circa £250,000 to provide a superb platform to its users, with a major renovation completed in 2014. They have also been equipped with the latest sound, recording, mixing and performing equipment,with no expense spared. With addition of the relaxation areas and a superb cinema room The Studios are a must see for any artist or record label.
All fixtures and fittings, equipment and instruments are included in the sale price.
Commercial Earnings Potential:
The current ‘chill out’ areas were once used as tuition rooms providing services to private individuals, organisations and schools. The following profit generation figures could reasonably be attained if the studios were run on a commerical basis. Please note these are profit figures after tutors and other professional costs etc.
Rehearsals £1,000/week based on £25 per room for 4 hours. 2 lets a day, for each of the 3 sound proofed rooms.
Tuition Fees- £1,000/week based on £5 fee per hour, per tutor room hire. Based on 200 private students.
Recording Studio Hire- £250 per standard 8 hour day
Live Room Events, concerts, community useage, private hire - £500 week.
Live Room educational music classes/ hire fees £500 per week
Based on a 50 week financial year this would result in gross profits of circa £250,000.
Equipment:
The studios have recently been refurbished and are fully equipped with the latest technology. They are fully networked with pc and phone systems. A complete catalogue of equipment is available upon request and includes the following:
Recording Studio Equipment £45,000
Live Room Equipment circa £25,000
Tuition/Rehersal Rooms Equipment circa £10,000
Pro Musical Instruments circa £15,000
