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London Music Studio & Storage Business for Sale - 200+ Spaces

Undisclosed, London
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Monthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industryMonthly Hire Studios and Storage for the music industry
  • Status

    FOR SALE

  • Date Submitted:

    15/06/22

  • Advert ID

    297049

  • Leasehold: £100,000
  • Rent: £34,000
  • Turnover: £843,342 (£16,218 Per week)
  • Net Profit: Not Applicable

Key Features

  • With Car Park
  • Ideal for Full Refurbishment
  • Accounts Available
  • Close to Local Amenities
  • Established Business
  • Offers Invited
  • Company for Sale

Business Details

Monthly Hire Studios and Storage for the music industry

Styleee Corporation LTD is a musical property company that specialises in providing storage and studio space to bands and producers on casual terms in London, Bristol and Brighton.

The company has 11 leasehold properties housing a combination of over 200 music studios and storage spaces.

Styleee Corporation started life as a spare time exercise for the band Imperial Leisure and quickly became their main focus as popularity grew. We offer spaces that tend to suit low to mid level budgets, we find our pricing encourages clients to stay with us long term, some clients have been with us for over six years. The company director is the sole shareholder and the only official employee of Styleee Corporation. The day to day running of the Styleee Corporation is handled by a network of self employed individuals who also serve other areas in the music industry.

The company has always been profitable but unfortunately prior to the Covid 19 pandemic we proceeded with what was expected to be a very profitable expansion. The timing of the pandemic devastated our cash flow and halted our expansion plans. Two years on despite our efforts we have not been able to balance the books. Applications we made for covid relief and business relief were denied and as a result we have unmanageable business rates debts with various local authorities.

Outside investment or a buyer is required to take on the business rates debt we are unable to cover. 

Our expansion plans would see us add an additional 50 studios and storage spaces to our existing sites while also making upgrades to existing studios. Given enough time, this further development of our existing sites would cover our debts and generate greater profits over all, unfortunately we are out of time which leaves a great opportunity for someone else.

Styleee Corporation is available for sale as a whole, we would also consider a part purchase.

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Stay Safe

Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

Stay Safe

The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

Stay Safe

Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

Stay Safe

Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

Stay Safe

Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

Stay Safe

Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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