Music Recording Company Seeking Partners
Location: Midwest > USA
Industry: Wholesale and Distribution > Wholesale and Distributors
Financials
Asking Price: $7,500,000
Gross Revenue: $14,500,000
Gross Revenue Comments: 48 month proforma
Cash Flow: $2,800,000
Cash Flow Comments: 48 month proforma
Inventory: $1,000,000 (Included in Asking Price)
FF&E: $500,000 (Included in Asking Price)
Business Summary
Seeking working capital $7.5 million, tangible assets: Existing operation including office and staff, equipment, patented and trade marked name, website and database. For sale: 270 master sound recordings, representing 3,000 + individual tracks available for global distribution and sales online and in-stores. Includes publishing rights for 240+ compositions. Genres include: jazz, smooth jazz, blues, classical and adult music.
About the Business
Year Established: 1953
Employees: 10 full time - 5 part time
Facilities: DISTRIBUTION: The combination of these two companies will generate sufficient volume to enable the Company to establish a new distribution agreement with one of the Majors at 18% of Net Sales versus the 20-24% which they are individually paying now-thus improving margin and world-wide global distribution efficiencies.
Market Outlook and Competition: The packaging of the product will be updated to include additional photos from the recording sessions, liner notes documenting the artist’s contribution and relevance in jazz history as well as re-mastered for sonic improvement. The packaging and graphic design will establish a series, or product line, which will allow for cost effective marketing and provide brand identity. The acquisition of this catalogue with such a sizeable repertoire of renowned artists allows for almost uncountable combinations ranging from re-releases of the artists’ individual works to compilations designed to attract a predictable and affluent clientele. This refined packaging will be placed in music retail locations throughout the US and distributed globally providing ongoing annual sales.
About the Sale
Management Training and Support: They are buying two small platforms with existing EBITDA of 500K.
Reason For Selling: HISTORY: Of the two companies involved in the roll-up, the first was established in 1964, the later in 2001. Both companies are currently in operation.
Attached Files - Attachment Disclaimer
| 1143 Music Recording Company |
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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