Successful Growing Sound Recording Studio For Sale

Business description

This business is one of the very best sound recording studios in the highly competitive New York City-Boston area. Its equipment is state-of-the art, and the owner’s commitment to superb quality is embodied in “That Piano”, a Yamaha C6 concert grand piano which was chosen after literally 100+ pianos were played. This commitment to quality is best reflected in the many local, regional, and national awards, and most importantly, in the reputation and work of this studio.The facility is immaculate and beautifully designed, with stages, equipment, and isolation rooms which provide an aesthetically and acoustically ideal environment for producing and recording the very best performances possible.

The sound recording business has been completely reshaped by recording programs which can be run on home computers. Tape Works, Inc. has responded and thrived by refocusing its attention and efforts on sound-overs, jingles, sound design, faith-based music, a capella music, multimedia productions, video game audio, and medical communications. Customers include national TV broadcasters, international manufacturers, local medical institutions, religious communities, governmental agencies, educational institutions, etc.

Property information

Real Estate:

Lease

Lease terms:

In first year of five year lease at $1,600 per month

Leasehold rent:

$19,200 per annum

Location:

The studio is located in a nice area of Hartford, about half way between Boston and New York City. Its piano is without peer. The studios are immaculate and beautifully designed and appointed. In-studio equipment includes two control rooms, Pro Tools HD,Genelec Main and Near Field Monitors, Otari Status 18R Console, large selection OutBoard Gear, mics, and plug-ins, large, acoustically tuned tracking room, an isolation booth, and vintage Gretsch drums. For remote recording, Apogee A/D D/A.

Premises details:

The build-out is beautifully designed and tastefully executed to accommodate leading edge technology and the comfort of the performers and technicians.

Size in square feet:

2500 sq. ft.

Other information

Expansion potential:

The business could build upon the diverse base of customers it has established in the 35 years of its existence, which include international manufacturing and national broadcasting as well as individual and group performers.

Competition / Market:

Competition is primarily from home computer programs

Support & training:

The current owner is committed to the success of the new owner, and will train for one month at no extra charge; he is willing to stay as a salaried employee for up to two years. The current engineer has been with the business for more than half its existence, and is considered critical to its success.

Reasons for selling:

The owner wishes to begin retirement.

Trading hours:

as needed

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

The owner will consider financing up to half the asking price at *% over 36 months

Furniture / Fixtures value:

$250,078 (included in the asking price)