Rehearsal & Recording Studio For Sale
Not Disclosed, NJ Passaic County
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- RE: Rehearsal & Recording Studio For Sale
- Contact: Brian Smith
Quick Facts
| Asking Price: | $219,000 | |
| Annual Revenue: | $139,440 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $65,548 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $55,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2010 | |
| Employees: | 4 | |
| BBN Listing #: | 947144 | |
| Broker Reference #: | 3408-17673 |
Business Overview:
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.Â
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.
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Property Features and Assets:
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.
Assets = $55,000
Reason for Selling:
The owner is pursuing other endeavors.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more New Jersey businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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