Internet Based Music Competition, Proven Cash Flow Generator

San Diego County, CA (Relocatable)

Internet Based Music Competition, Proven Cash Flow Generator
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Asking Price: $295,000

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: 2011

Internet Based Music Competition, Proven Cash Flow Generator

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Business Description

Music! Profitable to Own, Enjoyable to Run - No Broker Solicitations

This well-known international music awards competition is a proven cash-flow generator with net margins over 70%, an established service model, appreciative clientele, low-risk, and no outstanding debt.

It is suited for an individual or group that wants a profitable, enjoyable, and worthwhile music-based business. While a musical background would be helpful, the core skills required for success are administrative and entrepreneurial. This established, totally internet-based service model would complement an established music industry group that wants future growth via additional streams of revenue, access to a new customer base, cross-selling opportunities, foothold in a global market and an avenue to discover new and fresh talent.

Each year, the competition receives hundreds of entries from around the world. Musicians who receive honors know that their music stands-out internationally, across cultures. Participants are being judged in an international competition, not just an American competition. Participants are from Argentina, Armenia, Australia, Austria, Bahrain, Bangladesh, Belarus, Belgium, Bosnia and Herzegovina, Brazil, Cameroon, Canada, Cayman Islands, China, Colombia, Crete, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, England, Finland, France, Germany, Greece, Guatemala, Honduras, India, Indonesia, Ireland, Israel, Italy, Japan, Kazakhstan, Kenya, Kuwait, Latvia, Lebanon, Lithuania, Malaysia, Malta, Mexico, Netherlands, New Zealand, Nigeria, Pakistan, Panama, Paraguay, Poland, Portugal, Puerto Rico, Qatar, Guatemala, Romania, Russia, Scotland, Singapore, Slovenia, South Africa, South Korea, Spain, Sweden, Switzerland, Syria, Taiwan, United Kingdom and United States and Venezuela.

A highly-accomplished musician recently said of this competition, "You are opening a new avenue for recognition and expression that has not existed before. I joined the Recording Academy and submitted my music for Grammy consideration last year, but I knew that it was not the place to find recognition for my work. The rise of your company coincides with the needs of thousands of musicians who have been placed in limbo by changes to the music industry. Your competition is a new way of doing things for the very best reason: because it was needed by us all!"

This turnkey business can be located anywhere in the world. It has very small inventory. All fees are pre-paid, no chasing payments. The competition has very deep credibility and goodwill created by our responsive customer service practices. Currently, there are zero customer acquisition costs for organic growth because of robust word-of-mouth referrals. The business enjoys a very high level of customer retention and repeat business. We are viewed as music’s gold standard by our participants..

Detailed Information

Location:
San Diego County, CA
Inventory:
Included in asking price
Facilities:
This internet-based business is currently in an office building located in California, but it can be relocated and operated anywhere in the world. Included will be our proprietary email data base of 28,000+ musicians, music industry professionals and bloggers which is held in Mail Chimp, an opt-in email marketing provider. Several music URLs will be sold with the business including all related URLs to protect our trade name. Existing inventory of award medallions struck by the Northwest Territorial Mint will also include in sale. (Home Based)
Competition:
Warren Buffett would likely approve of our business: a moat via the durable competitive advantages of high credibility and respected brand, stable services and products with long shelf-life, organic growth, low administrative costs, high margins, no debt; a healthy cash-cow. Our barrier to entry is the difficulty of creating credibility for a new competition and acquiring customers.
Growth & Expansion:
There is no other music competition to our knowledge that specifically targets a global range of highly skilled, highly trained independent musicians. Other established music competitions tend to favor popularly-trending younger artists based on their money-making potential. This situation creates a unique opportunity for serving and marketing to the vast pool of successful, highly accomplished journeyman musicians around the world. For serious buyers we will share Ten Realistic Ways to Increase Future Growth and Cash Flow for this specific business.
Financing:
Full cash offers without contingencies will be favored.
Support & Training:
Onsite training in California and three months of telephone consultation after sale. This business provides an important service for independent musicians and the current owner want you to be successful after purchase.
Reason for Selling:
The current owner is healthy & financially sound. Not a need to sell situation.
Home-Based:
This business is Home-Based
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Business Listed By:
Thomas Baker

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