Business for sale in United Kingdom – Liverpool – City and Borough of Liverpool – Cn046-established & iconic rehearsal & recording studios with licensed bar-liverpool, city centre

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Business for sale in United Kingdom - Cn046-established & iconic rehearsal & recording studios with licensed bar-liverpool, city centre

Asking Price: 1,250,000 £ Real Estate: Ownership
Sales Revenue: 150,000 £
Net Profit: 1 £
Year Established: 1986
Employees: 2FT, 2PT
# of family members employed: Not Disclosed
Location criteria:
United Kingdom/City and Borough of Liverpool/Liverpool

Business types:

Arts, entertainment & Recreation

Business categories:

Other Arts, Entertainment & Amusement Businesses ; Recording Studios

Business description

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. Equipment: the studios have built up an extensive array of high quality branded equipment in terms of staging and lighting rigs, sound gear(amplifiers, microphones, mixing desk, leads, stands etc etc.) instruments (keyboards, guitars, drums) and associated items, not to mention a demo/recording studio facility and licensed bar with wifi.. All equipment and fixtures and fittings are included within the sales price. Key strengths: • superb freehold building with planning permission for future development • recently refurbished freehold building- ideal long term investment • high level of equipment • reputation- established with impressive portfolio of clients both established and up and coming • good levels of occupancy • iconic • multiple revenue stream opportunities opportunities: there are several opportunities available to expand this business further. Further development of the retail activity in relation to instrument and accessory sales would be beneficial as would the creation of an in-house management company to have first option on signing bands coming through. This is in addition to the further development of the premises to incorporate residential apartments on two new floors.

Additional information

Additional information: Not Disclosed
Support & training: The current owners would be happy to provide full training and support at handover.
Reasons for selling: N/A
Financing available: Not Disclosed
Inventory / Stock value: Not Disclosed

Real Estate

Ownership: yes
Will owner sell real estate?: yes
Included in asking price?: yes
Value: 0 £
Location: The studios are housed within a superb iconic building in the heart of the city. The studios are situated over several floors and are suitably sound –proofed. Total floor space is circa 16,500 square feet. The building is freehold with a value of circa £1.05 Million. It has many future use possibilities. In addition to the rooms listed above the premises also have 4 toilets and several other storage rooms that are not fully utilised. There is also planning permission in place to build 2 further floors containing apartments(7 Duplex Apartments). This repressents a significant and very real development opportunity to a new owner such is the desirable location of the building.

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