Business For Sale

The Studios High Spec Private Music Recording Facility

Ref: CN049

Location: Hyde, Cheshire, England

Asking Price: £200,000

Annual Turnover: £0

Annual Net Profit: Not Set

Gross Profit: £0

EBITDA: Not Set

Premises Type: Leasehold

Business Description

Business Profile

These superbly appointed recording studios were set up in 2003 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 charity was established in 2006 for the collective musicians to provide tuition and courses as a music academy to the wider community, this work continues within schools although the family chose to keep the studio for their private use from 2013. Over the last two years the vendor has spent a considerable amount of time and resource building up the new luxury studios for his family and friends to enjoy.

The aim was to create a truly special experience with an inspiring and relaxing environment to boost the creative talents. The Studios do not dissapoint when it comes to achieving a creative base. It is no exaggeration to state that the studio enjoys associations with some of the biggest names in the music industry, such is its commitment to providing an enjoyable experience.

The proprietor established his own seperate production and management company that has enjoyed recent success and this has prompted the sale to allow him to pursue these activities within the major record label circles he now works in.

The current premises have been recently upgraded at an additional cost of circa £250,000 to provide a superb platform to its users, with a major renovation completed in 2014. They have also been equipped with the latest sound, recording, mixing and performing equipment,with no expense spared. With addition of the relaxation areas and a superb cinema room The Studios are a must see for any artist or record label.

All fixtures and fittings, equipment and instruments are included in the sale price.

Commercial Earnings Potential:

The current ‘chill out’ areas were once used as tuition rooms providing services to private individuals, organisations and schools. 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 £1,000/week based on £25 per room for 4 hours. 2 lets a day, for each of the 3 sound proofed rooms.

Tuition Fees- £1,000/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 £25,000

Tuition/Rehersal Rooms Equipment circa £10,000

Pro Musical Instruments circa £15,000

Key Strengths:

• Recently refurbished studios

• High level of equipment

• Reputation

• Infrastructure- a lot of the ground work has already been done

• Multiple revenue stream opportunities

• Very accessible location

• No competition

Confidentiality Form / NDA

If you would like to receive further information about this business please submit the Confidentiality Form by clicking the button below.

Premises

Premises:

The Studios are housed within excellent premises that have good access and plenty of parking available on a flexible secure eight year lease renewed in November 2014.

First Floor

Reception Area/Offices- Fully equipped office areas with computer and phone networks as well as WIFI. There is also a waiting area with seating and Sky T.V.

Three Seperate Offices and Storage Facilities

Four Crew Chill Out Rooms

Fully Fitted Kitchen, Shower Room and Seperate W.C.s

Ground Floor

Large Live Room- Capacity for 175 people and comprises a large monitored stage and a 22k front of house rig. Lighting Rig and DJ Equipment. As well as performing it is also used for drum recording sounds regarded by professionals as the best in the North West. There is huge scope to expand this facility’s useage to incorporate dance classes, parties, organised group classes, showcases and gigs.

The Live Room also boasts a superb Cinema with Cinema seating and surround sound

Large Recording Studio-natural lighting with separate isolation booth.

Artist Chill Out Area

Three En Suite Artist relaxtion Rooms

Games Room and Lounge

Fully Fitted Luxury Kitchen

The premises are leasehold. Current rent is £11,000 p.a. There are 8 years remaining on the current lease. As a community led music school the studios benefit from 100% rate relief. Overheads total a very low £16,000.

Business Hours:

Unrestricted hours 7 days per week.

Security:

The premises are secure with separate alarms and CCTV.

Studio Dimensions

Ground Floor circa 250 sq.mtrs. First Floor circa 150 sq. mtrs External parking for up to 30 vehicles. Studio is located just off the main trunk roads and bus routes in a picturesque rural part of Roe Cross near Mottram Manchester.

Back

Confidentiality Form / NDA

If you would like to receive further information about this business please submit the Confidentiality Form by clicking the button below.

Financial Performance

Financial profile:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

The sale of The Studios does not include the charity known as Impact England although the benefits and association will be included in the price with no extra charge. If the business was run as a commercial studio it is envisaged that significant revenue streams could be generated (see Commercial Earnings Potential above).

Asking Price:

The Asking Price of OIRO £200,000 is for the assets and goodwill of The Studios (including all fixtures fittings and equipment).

Back

Confidentiality Form / NDA

If you would like to receive further information about this business please submit the Confidentiality Form by clicking the button below.

Support Training

Support and Training

The current owner would be happy to provide full training and support at handover. He may also consider an ongoing paid consultancy role.

EPC

Energy Performance Rating (F)

Please contact us for a copy of the EPC if required

Looking for finance ?

If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at finance@turnerbutler.co.uk

Confidentiality Form / NDA

If you would like to receive further information about this business please submit the Confidentiality Form by clicking the button below.

Confidentiality form / Non-disclosure agreement

Turner Butler Confidentiality Agreement

CONFIDENTIALITY UNDERTAKING

‘You’ and ‘your’ means Turner Butler Limited a company registered in England and Wales under company no. 08137440, registered office Woodwater House, Pynes Hill, Exeter, EX2 5WR, trading as Turner Butler and shall be deemed to include any company or firm to which you delegate all or any part of your services for the Clients

‘Clients’ means any person, firm or company who or which has engaged your services including parent companies and subsidiaries and all associates and affiliates of such person firm or company including without limitation any associated company or business and any shareholder in such company or principal or partner in any such business any director member or other officer employee contractor consultant or agent of any such party or a family member of any such party or any other connected person together with the owner of any asset used in or for the benefit of the business operated by the Clients

‘Data Protection Legislation’ all applicable privacy and data protection laws including the General Data Protection Regulation ((EU) 2016/679) and any applicable national implementing laws, regulations and secondary legislation in England and Wales relating to the processing of Personal Data and the privacy of electronic communications, as amended, replaced or updated from time to time, including the Privacy and Electronic Communications Directive (2002/58/EC) and the Privacy and Electronic Communications (EC Directive) Regulations 2003 (SI 2003/2426)

‘We’ ‘us’ and ‘our’ means the undersigned individual and any business or company which the undersigned represents including its parent companies and subsidiaries, or a group of connected individuals, companies or undertakings, together with all associates or affiliates of such persons firms or companies including without limitation any associated company or business and any shareholder in such company or principal member or partner in any such business any director or other officer or employee contractor consultant or agent of any such party or a family member of any such party or any other connected person

‘Confidential Information’ means information (in whatever format and medium and whether written or oral) and every part of it directly or indirectly concerning the business or businesses of your Clients together with any other information which you or your Clients designate or identify as being confidential

1. In consideration of you and/or your Clients disclosing or agreeing to disclose to us Confidential Information, we undertake both to you and separately to your Clients that we shall:

1.1 treat all Confidential Information as being strictly private and confidential and shall maintain its status as such;

1.2 use all Confidential Information solely for the purposes of evaluating the business to which it relates (the ‘Permitted Purpose’) with a view to the acquisition of the issued shares of your Clients or any of the assets of your Clients (the ‘Proposed Transaction’), and not for any other purpose (including but without limitation to procure any commercial advantage over you and/or your Clients);

1.3 provide you with all information, co-operation, facilities and access to enable you and your Clients to perform your and their legal, regulatory and contractual obligations prior to or after the Proposed Transaction and to monitor our observance of this Undertaking;

1.4 not at any time disclose or otherwise make available to any person any of the Confidential Information other than to:

1.4.1 such of our directors/partners/members or other members of senior management whose knowledge of such Confidential Information is essential to achieve the Permitted Purpose;

1.4.2 any professional advisers acting on our behalf in connection with the Permitted Purpose and Proposed Transaction;

1.4.3 any other financial institution from which we may seek finance for or in connection with the Proposed Transaction;

1.4.4 any other person approved in writing in advance by you or your Clients;

1.5 procure that any of the persons referred to in paragraph 1.4 to whom all or any of the Confidential Information is disclosed shall hold it strictly confidential and shall not disclose it to any third party except to those persons as permitted by paragraphs 1. 4.1 to 1.4.4, in which event our obligations to procure the confidentiality of such information shall apply mutatis mutandis in relation to such persons and;

1.6 maintain a list of individuals or entities to whom any Confidential Information is disclosed and make such list available to you upon request;

1.7 except with your or your Clients prior written consent not reproduce the Confidential Information (in any medium in whole or in part) and we shall whenever requested by you or your Clients, return, and procure that there is returned to you, immediately all matter in tangible form which constitutes the Confidential Information, or any part of it, together with all copies (whether supplied to or made by us) and we will destroy and expunge from any storage media (and procure that any persons referred to in paragraph 1.4 to whom Confidential Information has been imparted confirms to you in writing that they have destroyed and expunged from any storage media) any analyses, compilations, studies, reports and other documents or materials supplied to us or prepared by us or on our behalf which reflect or are prepared from any of the Confidential Information;

1.8 not at any time disclose to any third party the fact that negotiations or discussions are taking place or have taken place concerning the Proposed Transaction or any of its terms or conditions;

1.9 promptly advise you of the information, co-operation, facilities and access provided by your Clients to us, the progress of all enquires, the making, acceptance or rejection of any offer to or by your Clients, the outcome of the due diligence and the negotiation process and will disclose to you in writing all documents and information in our possession, power or control relating to the evaluation and acquisition process including the final terms of the Proposed Transaction or any other transaction between us and your Clients;

1.10 within ten working days of completion notify you in writing by recorded delivery (and we shall retain confirmation of postage and delivery) of all of the terms on which the Proposed Transaction or any other transaction between your Clients and us has been concluded;

1.11 not whether by use of the Confidential Information or otherwise make contact or approaches of any kind to the staff, customers or suppliers of your Clients or any governmental or regulatory body nor with any other person connected with your Clients without your or your Clients’ prior knowledge and written consent;

1.12 not from the date hereof until five years from the termination of negotiations (except in the case of completion of the Proposed Transaction between your Clients and us) directly or indirectly seek to entice away from the business of your Clients or employ or engage any employee, officer or contractor of your Clients or otherwise seek to interfere with the business of your Clients

1.13 notify you promptly upon becoming aware of any unauthorised disclosure, copying, use or loss of all or any part of the Confidential Information and we accept that we shall be responsible for any breach of any of the terms of this Undertaking by us or those persons to whom we provide the Confidential Information.

1.14 upon request and at our expense confirm to you by statutory declaration or in writing (at your option) our compliance with the provisions of this Undertaking.

2. We further confirm that:

2.1 we have sufficient funds or access to funds to complete the Proposed Transaction at the price at which it is advertised;

2.2 we are acting in this Proposed Transaction as principal and not as agent or broker for any other person or company and that our interest is in acquiring your Clients business for the purposes of our business and in the case of a share purchase agreement, we confirm that our purchase will consist of all of the issued shares;

2.3 we will not and have not entered into any agreement in reliance upon any representation written or oral made by you or on your behalf;

2.4 you are not responsible for and do not make any representation or warranty, express or implied, with respect to the accuracy or completeness of the Confidential Information or the contents of any other document or data supplied to us in relation to our evaluation of your Clients;

2.5 the delivery to us of any information (including, without limitation, budgets and financial forecasts and projections which may form part of the Confidential Information) does not, and shall not be deemed to, constitute any representation or expression of opinion or warranty by you as to its accuracy or completeness;

2.6 you will not be liable for any loss or damage suffered or incurred by us as a result of the supply by you, your Clients or your Clients advisers and the use by us of any information, including the Confidential Information, (in particular but without limitation) as a result of any errors or inaccuracies in any of the information;

2.7 we shall enter into a separate agreement in the terms of this agreement with your Clients immediately upon being requested to do so;

2.8 none of your or your Clients’ proprietary rights in the Confidential Information or in any of their intellectual property is transferred or licensed to us by virtue of this Undertaking;

2.9 no right or licence is granted to us or our advisers in relation to the Confidential Information except as set out above;

2.10 you as the Data Controller (as defined in the Data Protection Legislation) may hold and process any data and information provided by us and you will have unlimited rights to use such information in any way you choose in connection with the Proposed Transaction, including without limitation, disclosing our data to your Clients who have an interest in the Proposed Transaction and the publication of details of the Proposed Transaction after completion and you may contact us by any means including without limitation mail, SMS text messaging, email, fax or telephone;

2.11 nothing contained in this Undertaking shall compel you to provide us with information relating to your Clients which we request and you shall be entitled at your discretion to decline to supply us with all or any information;

2.12 nothing contained in this Undertaking shall in any way restrict our right to use, disclose or otherwise deal with any of the Confidential Information if and to the extent that at the time it was imparted to us it was in the public domain or it subsequently becomes so available, other than as a result of a breach of this Undertaking by us or by any person referred to in paragraph 1.4;

2.13 if we enter into any transaction with your Clients other than the Proposed Transaction whereby your Clients acquires or agrees or takes an option to acquire any asset or right or an interest or share in any asset or right from us or enters into any other form of venture contract or arrangement with us we shall be responsible for your remuneration in accordance with your terms of business for sellers as at the date of this undertaking (a copy of which will be made available to us upon request);

2.14 we shall indemnify you and keep you indemnified and separately and independently each of your Clients indemnified from and against all and any losses, claims, actions, damages, costs and other liabilities which you or they may suffer or incur arising out of any breach or non-fulfilment of any of our undertakings and representations contained in this Undertaking and all costs and expenses that you or they incur in relation to the enforcement of the terms of this Undertaking;

2.15 we will be responsible and liable for any breach of any of the terms of this Undertaking by any person referred to in paragraph 1.4;

2.16 damages may be a wholly inadequate measure of loss in the event of any breach of the terms of this Undertaking and accordingly agree that in such event you and/or your Clients shall be entitled to seek specific enforcement of these terms (by injunction or otherwise) on such terms as any court with jurisdiction may deem just and proper;

2.17 we have read and accept fully the Disclaimer attached to the Memorandum of Sale that you have prepared for your Clients;

2.18 any failure by you and your Clients at any time to enforce or exercise any of your rights under this Undertaking will not be construed as a waiver of your right to enforce or exercise that right in future or other rights under this Undertaking at any time.

3.This Undertaking shall apply in respect of any and every business or Client which you supply to us as if the same were repeated each time we request Confidential Information in respect of one of your Clients

4.This Undertaking is governed by and shall be construed in accordance with English Law and each party submits to the non-exclusive jurisdiction of the Courts of England and Wales

Please arrange for your Clients to contact us.

Business Interest

Below is the information of the business you are interested in.

The Studios High Spec Private Music Recording Facility

Business Reference: CN049

Personal Information

Please enter your full name, email address and telephone number.

Find your address

Cant find address? Enter Address Manually

I acknowledge & accept the above terms of this Confidentiality Undertaking

Turner Butler Disclosure Statement

This statement applies to information relating to any company or other undertaking or business advertised for sale by Turner Butler (a 'Business')

The information supplied by Turner Butler on its website or in any other promotional material ('the Information') is not and is not intended to constitute an offer for sale of the Business or any assets of the Business or of the shares of any company which owns the Business.

For the avoidance of doubt there is no intention to create a legal relationship which will only come into existence when a written contract for sale and purchase of the shares in or the Business has been entered into.

The Information provided is not intended to address your particular requirements. Further the Information does not constitute any form of advice recommendation representation endorsement or arrangement by Turner Butler and is not intended to be relied upon in making (or refraining from making) any specific decisions.

Any agreements transactions or other arrangements made between you and any client of Turner Butler are at your sole risk and responsibility. The prospective sellers of the Business have provided the Information to Turner Butler. The Information has not been verified by Turner Butler.

You must carry out your own due diligence and satisfy yourself as to the accuracy of all matters. In the case of the sale of shares in a Business the Information has been prepared on the basis that the shares will consist of or include more than 50% of the voting shares and that both the seller and the buyer is either a body corporate, a partnership, a single individual or a group of connected individuals so as to fall outside the scope of regulated activities as defined by the Financial Services and Markets Act 2000. If you are considering a transaction which falls within the scope of such regulated activities you cannot do so through Turner Butler.

Appropriate professional, legal and accountancy advice should be obtained before making or refraining to make any decision.

Turner Butler does not accept any responsibility or liability for loss or damage of any nature that may occur by reliance on the Information. Neither Turner Butler nor any of our employees or agents makes any representation as to the completeness or accuracy of the Information nor do we accept any liability for any losses, costs, liabilities or expenses which may arise directly or indirectly from your use of, or reliance on the Information.

This document is governed by and shall be construed in accordance with English Law and any dispute arising in connection with it shall be subject to the non-exclusive jurisdiction of the English courts

Turner Butler

Ickenham House, 2-4 High Road, Ickenham, Middlesex, UB10 8LJ
Telephone 0333 1234562 | Facsimile 01895 678532 | Email info@turnerbutler.co.uk | Website www.turnerbutler.co.uk

The Studios High Spec Private Music Recording Facility

Commercial Earnings Potential:

Equipment:

Key Strengths:

Premises:

First Floor

Ground Floor

Business Hours:

Security:

Studio Dimensions

Financial profile:

Asking Price:

Support and Training

EPC

Energy Performance Rating (F)

Please contact us for a copy of the EPC if required

Looking for finance ?

Business Interest

The Studios High Spec Private Music Recording Facility

Personal Information

Company Information

Find your address

Your Address