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Businesses For Sale   >>   Media and Communication Businesses For Sale

Music Rehearsal Business For Sale

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $100000
Net Profit / Cash Flow  $30000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2009
Number of Employees  1 - 3
Inventory  $180,000
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Leased
Training  Yes.
Reason for Sale  Relocating need startup capital.

Description  
Selling my half of successful rehearsal lockout business. This is easy money in the bank just collect rent from tenants each month. Never had a bad tenant!. We hold security deposits. Total of 8 rehearsal rooms. These are month to month 24/ hour access rehearsal rooms. Most tenants are long term stays and the rehearsal rooms are always full. On average the rooms are renting for $800 per month (monthly revenue averaging $5,000). Plus there is an event hall space in the front of the business which generates an additional $3-4,000 in monthly revenues! ''mail box money'' fyi - lockouts businesses are thriving in the Hollywood area due the abundance of musicians who come here in search of music opportunities. I'm only selling because i'm in search of real estate investment opportunities in Latin America and will be relocating there soon. As the economy grows so will the rehearsal business! Considering we are still in a deep recession this business is still highly profitable even after only a year in operation! Total 6 years left on lease. My loss is your gain. Again, there is very little of your personal time invested in this time of business! Only asking $79,000. Contact for more information on this music rehearsal business for sale.


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