Fully-Equipped Contemporary Rehearsal Studio in Sheffield

Sheffield, South Yorkshire
REF: S07090

Asking Price:
£44,994
Annual Turnover:
£53,977
Annual Net Profit:
£23,572
Under Offer
REF: S07090

Overview

Tenure:
Leasehold
Established:
2010
  • 10 lettable, recently refurbished studios which can be rented all at one time; 6 of which are rented on a permanent basis and generate a guaranteed income
  • Huge Potential for further growth
  • High-quality assets contained in the sale, including audio equipment and speakers by leading brands
  • Contemporary website
  • Outstanding reputation in their industry and local community

The business for sale is an established, contemporary music studio based in a prime, bustling area of Sheffield, South Yorkshire. This is a unique opportunity for a new buyer to take on a multi-faceted music studio.

The studio offers 10 recently refurbished rooms for their clientele, which cater to their different needs. The studio has gained immense popularity from this, allowing artists of all genres to perform, record and write their songs in a stimulating space. The studio’s primary function is as a rehearsal space with a facility to house a recording studio; these rehearsals would be the main source of income for any potential buyer.

The fully-equipped studio provides a new owner with vast potential to obtain more clients and a greater revenue through multiple initiatives. The business is now for sale on a leasehold basis.

Offering ten impressively-equipped rooms, the studio enables individual artists and groups to hone their creativity. Artists flourish in its vibrant yet harmonious space which allows them to stay focused. The rehearsal space operates from warehouse-style premises. Through the entrance, there is a reception and waiting area. Further along, there are 8 studio rooms, all varying in size and equipment. On the first floor there are 2 smaller studios. The high-specification rehearsal rooms implement premium equipment, from leading brands, such as Marshall Amplification, Mapex Drums, Blackstar Amplification, Orange Amplifiers, Hiwatt UK.

All speakers and audio equipment are owned by the business and are included within the sale. The studio boasts an attractive and clear website which outlines its facilities and allows artists to get in touch for specified rates.

This one of a kind creative music hub would make an invaluable asset to an existing record label, music publisher or production company either as a bolt on to their current business or simply for a change of premises. Its location, quality of its interior and popularity as a creative hub ensures the studio is brimming with potential for its future owner to exploit.

Increased marketing in the local area, with introductory rates for artists, would broaden its exposure and attract a wider clientele. Utilising the space for shows or other private ticketed events in the evening would also bring an additional lucrative stream of income. The current owners are also willing to stay on for a transitional period, for as long as needed.

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  • City centre location
  • Parking nearby
  • Great public transport links
  • Minimal competition
  • Easily accessed
Rent
£1,050
Rates
TBC
Lease Term
2
Lease Expiry
###
Square Footage
TBC
Accommodation Included
TBC
Premises Licence
TBC
Property Value
TBC
Planning
TBC
EPC
C 51-75

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Accounts
XXXX
Trading Entity
XXXX
Current Ownership
XXXX
Management Structure
XXXX
Number of Employees
XXXX

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