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Filming Studio / Event Venue Rental Business for Sale

Queens County, NY

Filming Studio / Event Venue Rental Business for Sale
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Asking Price: $90,000

Cash Flow: $64,440

Gross Revenue: $150,000

EBITDA: N/A

FF&E: $50,000

Inventory: N/A

Rent: $4,300 /Month

Established: N/A

Filming Studio / Event Venue Rental Business for Sale

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Business Description

This 3,000 square-feet filming studio is located on the boarder of Queens and Brooklyn, only 4 miles from Manhattan, very convenient location. As a fully functional production facility, it equipped with a 30’ x 20’ Green Screen, a 40’ x 20’ White Cyc wall, 14 ft high ceilings, a make-up room with 3 make up stations, loading dock for production trucks, space lights, equipment and production design. This powerful studio works perfectly for car commercials, music video filming, drama filming, etc. The space also can be rented out as an event venue, which brings extra revenue when the studio is not booked for filming. Equipment rental is another stream of income. Online booking platforms like Peerspace.com gives them a lot of bookings. They also get referrals from ad agencies and production companies. Because they offer great services to meet clients’ needs, over 90% of their customers became repeating customers and booked multiple times.
The business is easy to manage and has great potential to grow. Owner will offer training and support.

Detailed Information

Location:
Queens County, NY
Real Estate:
Leased
Building SF:
3,000
Lease Expiration:
N/A
Employees:
2
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Growth & Expansion:
The location is perfect and the rent is very reasonable. If you rent the studio out for 3 days per month, it pays all the rent; for 5 days, you already make money. The new owner could do more online marketing and networking to get more bookings.
Support & Training:
1 week
Reason for Selling:
other interests
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Sherry Wang

Business Listed By:
Sherry Wang

Transworld Business Advisors of Flushing

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