Mfg. - Miscellaneous Manufacturing | Services - Other Business Services

Asking Price	$295,000	Inventory
Gross Income	$78,075	Real Estate	$975,000**
Cash Flow	Not Disclosed	Year Established	1992
FF&E	$270,250*	Employees	N/A

* included in the asking price

** not included in the asking price

This recording studio, acoustically designed by Chris Huston, features 2 separate control rooms, each specifically built to address the needs of any professional music production or audio post production project. Occupying the entire upper floor and adjoined by audio tie lines, the 5 recording spaces (2 control rooms, 1 iso booth, 1 studio, and one common area with vaulted ceiling offer maximum flexibility in terms of use of the space. From both control rooms you will enjoy unique views of a tranquil wooded ravine and river, even though the property is just minutes away from 4 major expressways. Since 1992, this creative boutique has become "home" to major label recording artists, broadcast TV/cable networks, local and national advertising agencies as well as many Fortune 500 companies. The lower level has office suites, a fireplace and wet bar.

Facilities: This 5200 sq. ft. leased space has a monthly rent of $12,000, but the real estate is available for an additional $975,000. This unique purpose built facility contains two recording studios, sound booths, lounge areas for artists, and reception area. There is $270,250 of furniture, fixtures, and studio equipment included in the asking price. Studio equipment is state of the art.

Competition: There are a number of recording studios in Southeast Michigan, but there are not a significant number on the west side. This is a great resource for artists in the outlying suburban areas.

Growth/Expansion: For the future expansion, the new owner may want to include video production, web design or the entertainment industry in general.

Financing: Seller will finance 50% at Prime plus 2% for 36 months

Support/Training: Both of the sellers are willing to continue for a negotiable length of time as independent contractors.

Reason Selling: Relocating