About the Property
Net profit in excess of £100k per annum:
Music Academy & liove music services company contracted to supply national broadcast TV talent shows Stage School, X-Factor & The Voice.
A limited company established in 2001, this business is growing exponentially to the point where it will soon need to be registered for VAT.
The Company’s 10 self-employed staff operate out of a leased facility in Essex comprising five large rehearsal rooms and two recording studios/ tuition rooms.
Currently 75% of the students are school age.
The staff are all CRB certified Musician Union members with teaching and production qualifications to degree level.
Central to the company’s ethos is focusing on individual development with a commitment to long-term creative relationships that encompass both composition and performance.
The company’s activities include:
- Instrument & vocal tuition
- Song writing & song publishing
- Scouting for TV talent shows
- Artist management
- Function bands
- Equipment hire
Songs written in-house are submitted to television shows.
Talent scouting contracts with The Voice, X-Factor & Stage School bring in a commission (for example the company recently signed Lucie Closier to Stage School, airing 5 nights a week on E4).
The company is briefed through Notting Hill Music Publishing and Peer Music.
Band Management Service – earning 20% per development deal
Band hire agency for weddings, birthdays etc.
Covers and function bands or solo artists
Rates charged to clients range between £250 and £4,000 – the business earned a 15% agency fee (20% for celebrity acts, typically up to £30k)
PA, lighting, photography, music videos, instrument hire, catering & tour support
The business has highly placed SEO and enjoys a 50% share of the local catchment area and the info packs offered in customer calls have a 90% success rate.