these superbly appointed recording studios were set up some six years ago 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 non-profit making arm was established in 2004 for the collective musicians to provide tuition and courses as a music academy to the wider community to assist with overheads. Over the last six years the vendor has spent a considerable amount of time and resource building up the infrastructure and reputation of the studios. It is no exaggeration to state that the studio enjoys 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 proprietor established his own seperate production and management company which has enjoyed recent success’ which have prompted the sale to allow him to pursue these activaties within the major record label circles he is now working in. The current premises have been converted at a cost of circa £250,000 to provide a superb platform to its users, with a major renovation completed in 2007. They have also been equipped with the latest sound, recording, mixing and performing equipment with no expenses spared. All fixtures and fittings, equipment and instruments are included in the sale price. The studios currently concentrate on the artists developed through the management company and the studios are not openly marketed to the public as you may expect from a standard commercial venture. A registered musical charity established with a team of volunteers from within the third sector in 2007 provides revenue and benefits to the existance of the studio and its running costs. The charity does not form part of this sale but it hires the professional tutors and the facilities which benefits the existance of the studio and its running costs. These contributions could be very significant with the right management structure. As could the whole centre marketted on a commercial footing. The vendor works part time in the business and is supported through a network of volunteers, many of whom are musicians, students, teachers, tutors and sound engineers. The studios and it`s non profit making sectors have been established four years, two as a charity and have been dedicated to working with schools, colleges and charity sectors to date, establishing itself as the authorised rockschool examination centre for the region. There is huge undeveloped potential in the commerical sector if a new owner wished to develop the studios in this way. Testimonials can be viewed from all sectors. There is an established income stream from the charity. Commercial earnings potential: 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 £1000/week based on £25 per room for 4 hours. 2 lets a day, for each of the 3 sound proofed rooms. Tuition fees- £1000/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 £20,000 tuition/rehersal rooms equipment circa £10,000 pro musical instruments circa £15,000
