Businesses For Sale > Business For Sale in Liverpool, City Centre, UNITED KINGDOM - UK (UK)

CN046 -Liverpool, City Centre-Ł1,250,000-Iconic Rehearsal & Recording Studios with licensed bar for sale in Liverpool, City Centre, UK

Liverpool, City Centre, UNITED KINGDOM - UK (UK)

Asking Price:	Gross:	Cash Flow:
£ 1,250,000	£ 150,000	Undisclosed

Business Summary:
Established & Iconic Rehearsal & Recording Studios with licensed bar Ref.CN046 Location Liverpool, City Centre Asking Price Ł1,250,000 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 Ł370,000). 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.

Year Business was Established: 1986

Number of Employees: 2FT/3PT

Potential Growth/Expansion: N.A.

Competition: The studio has its own website but gets most of its income via repeat business and referrals such is its standing in the North West music scene.

Owner willing to train: The current owners would be happy to provide full training and support at handover.

Reason for selling: N.A.

Seller Reference Number: CN046
BusinessMart.com Listing Number: 96758

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For more info contact:

Andrew Hudson
Turner Butler
0044 1895 25 60

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