Live music venues for sale in Pontypridd

View the "Rehearsal Room and Licensed Live Music Business For Sale in Pontypridd, Pontyclun & Porth, Rhondda Cynon Taff" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Adam Warren (Jan 2017)
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Asking price: £49,500 Annual Turnover: £38,000
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Business Description
REHEARSAL ROOMS AND LICENSED LIVE VENUE. A licensed 100 capacity, fully equipped live venue with 4x fully soundproofed, fully equipped music rehearsal rooms. Consistent customer base.

Unique and unusual business opportunity, sadly selling due to family commitments. A licensed 100 capacity, fully equipped live venue with 4x fully soundproofed, fully equipped music rehearsal rooms. The business has continued to grow for over 7 years and is well established in the music community. We have a consistent and regular customer base that operates 7 days a week.

The fully licensed venue has a bar, stage, full lighting rig, 5K PA, and has 100 person licensed capacity. It has full disability access and is fully furnished with leather sofas, chandelier lighting and chairs/tables. It has been home to live bands, poetry nights, art exhibition, tv shoots, video shoots, parties and many more events over the years. It has much more potential as a venue, but due to family commitments the venue has not really been used to its full potential for the last couple of years. It also has the potential to be easily converted into aa studio space/s.

The 4x music rehearsal rooms are fully soundproofed to studio standard, and are fully equipped with a PA, microphones, Drum Kits, Heads, Cabs for both guitar and bass for each room. A huge amount of equipment is included in the sale. Each room is rented on an hourly basis and this part of the business is the core of the income. We have a large and loyal customer base, many of which have been frequenting the rooms since the business started.

There is a huge amount of potential avenues that can be explored with the business, such as growing the existing music shop through web-store, new products or larger products.
Increasing evening and weekend venue booking (gig, events, showcasing, parties etc.)
Daytime venue bookings (groups, drum/guitar clinics/art exhibition space/drama/dance/exercise)
Space rental (Equipment storage/recording space hire)
External rental (Rental of equipment off site)
Recording/studio use.

We have listed the price of £60,000 but we are offer to sensible offers.
Tenure Information: Leasehold at £14,950 PA

Listed by: Bizdaq
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