using business broker to sell studio?

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I'm MOVING TO HAWAII!!!!!

I can get out of the lease on my studio and sell all the equipment on
ebay OR.... it occurred to me that I might try a business broker to
sell the entire business.


Is this a good idea? Has anybody ever tried this? Any thoughts,
opinions or ideas are appreciated!

 

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SirRupertNever <soho_analog@yahoo.com> wrote:
>I'm MOVING TO HAWAII!!!!!

You're out of your mind. I did just the opposite twenty-five years ago.

>I can get out of the lease on my studio and sell all the equipment on
>ebay OR.... it occurred to me that I might try a business broker to
>sell the entire business.

Is this business worth anything? Do you have a bunch of regular customers
who come to you with all their business, and do you have a reputation in the
local community. When you sell a business, that's basically what you are
selling.

If you part out the equipment, you'll get more money than if you sold all
the equipment in a single lot. But _MAYBE_ you can get enough for your name
than you'd lose. It depends on your name and how well-established you are.

>Is this a good idea? Has anybody ever tried this? Any thoughts,
>opinions or ideas are appreciated!

I've seen folks try it. The problem is that recording studios are not good
investments and they tend not to attract the investor crowd. But if you
list it with a broker and fail to sell it, you haven't lost anything but
time in most cases.
--scott
--
"C'est un Nagra. C'est suisse, et tres, tres precis."

 

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In article <1116724488.613091.123040@g49g2000cwa.googlegroups.com> soho_analog@yahoo.com writes:

> I can get out of the lease on my studio and sell all the equipment on
> ebay OR.... it occurred to me that I might try a business broker to
> sell the entire business.

Unless you have enough clients who would stay with the new owner,
you'll have a hard time selling the studio as a going business. If you
sell the gear a piece at a time on eBay, you'll probably end up with
more cash than if you let a broker take the whole thing, but you'll
agonize over how little you can get for some (most) items.

Maybe you should start a studio in Hawaii?


--
I'm really Mike Rivers (mrivers@d-and-d.com)
However, until the spam goes away or Hell freezes over,
lots of IP addresses are blocked from this system. If
you e-mail me and it bounces, use your secret decoder ring
and reach me here: double-m-eleven-double-zero at yahoo

 

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A recording studio is like a law firm in that the value lies with the
people, not the facility. Granted, a good studio with quality gear and
good design/ buildout will have a certain value. But often the
demolition needed to bring a recording studio to the point where it can
be converted to office space adversely affects the selling price of the
property.

 

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Why did you leave Hawaii?

 

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SirRupertNever <soho_analog@yahoo.com> wrote:
>Why did you leave Hawaii?

The cost of living went through the roof. I don't think anybody I knew
in high school is still living there. I have friends who moved to the
SF bay area because of the cheaper housing costs.
--scott
--
"C'est un Nagra. C'est suisse, et tres, tres precis."

 

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In article <d702vg$in3$1@panix2.panix.com>, kludge@panix.com (Scott Dorsey)
wrote:

> SirRupertNever <soho_analog@yahoo.com> wrote:
> >Why did you leave Hawaii?
>
> The cost of living went through the roof. I don't think anybody I knew
> in high school is still living there. I have friends who moved to the
> SF bay area because of the cheaper housing costs.
> --scott


Now THAT'S saying something! The per-square-foot house price average in one of
the cheaper counties (Alameda) is nearly $400 this week.

Pretty soon even the home studios will be charging big bucks.

-Jay
--
x------- Jay Kadis ------- x---- Jay's Attic Studio ------x
x Lecturer, Audio Engineer x Dexter Records x
x CCRMA, Stanford University x http/www.offbeats.com/ x
x---------- http/ccrma.stanford.edu/~jay/ ------------x

 

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Jay Kadis wrote:

> Pretty soon even the home studios will be charging big bucks.

How will that work when every home is a studio? <g>

--
ha