Australia's Premier Studio Recording Facilities - Profitable & Systemised.

"This type of sought-after business doesn't come to market often!" Great opportunity within the entertainment industry! Fully systemised & run under management, the brand is famous in the music industry.

Overview

The business is conveniently located in a modern industrial complex in Alexandria. Close to the CBD, Airport and Eastern Distributor. It is run under management so would suit an investor, music industry enthusiast or a buyer looking to expand, diversify or add to a broader group.

Revenue (3-year average): $542,222 pa
Rent: $169,792 + GST pa
Adjusted Net Profit (FY23): $278,885 pa
Hours: 7 Days a week. 9:30am - 12:00am
Lease: 5-year lease until August 2027
Employees: 8 Casual Staff Members
Reason for Sale: Retiring after 41 years in the business.

About the Business

The business is conveniently located in a modern industrial complex in Alexandria with many key attributes including:

- Iconic, well-known, established and respected brand

- Seven upmarket rehearsal studios

- Profitable repeat business

- Low cost of sales

- Run under full management

- Studio hire

- Equipment rental

- Storage rental

- Seamless booking system

- Cafeteria

- Used by world-class musicians

Potential:

- Offer podcast services

- Implement a licensed bar

- Introduce sound recording services

- Promote and target marketing to music retail outlets, music venues, music educational institutions

History:

Established in 1982 and has been in its current location since 1987. The business has an incredible reputation within the music industry.

Property Code: 136