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Rehearsal & Recording Studio For Sale

Passaic County, New Jersey, US
Asking Price:
$219,000 Furniture / Fixtures included
Sales Revenue:
$139,440
Cash Flow:
$65,548

Incredible opportunity to buy this well-established rehearsal space, recording studio & performance venue located in Passaic County NJ. A new owner will have a sprawling 5,000 sq foot space & a desirable below-market lease with no personal guarantees & limitless possibilities.

A new owner can increase studio rental fees, and host events to easily grow revenue. Keep the current business model with existing clientele or modify it to suit your own vision for expansion.

There's potential to add a music school based on the size and hours of the current operation.

Property Information

Real Estate:

Lease

Premises Details:

5,000 square feet with 6 spacious rehearsal rooms, 1 recording studio, 1 musical hall, 1 large communal lounge & a usable terrace.
Incredible below-market lease with no personal guarantees.

Business Operation

Reasons for selling:

The owner is pursuing other endeavors.

Trading hours:

Mon-Fri 5pm-12am; Sun 12pm-10pm

Employees:
1 FT/3 PT
Years established:
13

Other Information

Support & training:

Will train for 2 weeks @ $0 cost.

Furniture / Fixtures value:
$55,000 - included in the asking price