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One of Atlanta’s and the country’s premiere listening rooms for performing songwriters, located in a vibrant, artist-friendly and pro-business community with a small town feel – yet just minutes from downtown Atlanta. A superior sound system, excellent acoustics, a tradition for booking some of this country’s finest accomplished and aspiring acts, and a loyal, knowledgeable and respectful clientele are the hallmarks of this landmark business in operation for almost 20 years. The venue has been the springboard for an amazing number of artists who have gone on to achieve national acclaim. The venue’s restaurant and tavern features upscale pub fare of the highest quality, is regarded as a true community center, and is staffed with experienced and service-oriented employees.
The business produces a weekly radio show featuring live recordings from the venue that currently airs in over 40 markets across the Southeast, and has recently created a TV Pilot in conjunction with one of this country’s finest post production companies that is being reviewed by several networks. The business not only books the acts on the venue’s stage 7 nights a week, but books acts on other stages and for several festivals around the metro Atlanta area.
Now consistently profitable, this $1.5M business has shown steady growth over the past 5 years, despite recent economic challenges. Attendance is up almost 75%, average customer spend is up almost 20%, and costs are under control. Net Income for this fiscal year is estimated at approx. $100K after all expenses and $155,000 in yearly front of the house management, chef and box office manager salaries. The facility, its equipment and fixtures are all clean and in working order. Monthly inventories of food and liquor/beverages averaging $3,600 and $13,000 respectfully.
The business maintains a proprietary customer database of over 9,000 individuals who have asked to receive a weekly emailed newsletter of upcoming events. The business’ web site gets an average of 1300 unique hits a day, and allows customers to preview shows, buy tickets and merchandise on-line, and listen to archived radio shows, among other things. The business manages a promotional street team and active social networks on facebook, twitter and myspace as well.
Positive financial trends should continue to be fueled by an aggressive plan to place the radio show in more and more markets nationally, a recovering economy, the solicitation of corporate sponsorships and special events, modest renovations to the outdoor space, strong ties to local government, the planned launch of an internet-based radio station, and the focus on continuous business improvement. Opportunities to leverage the brand for other related initiatives should not be understated.
The business leases 5160 sq. ft. space, which consists of approx. 4056 sq. ft. of enclosed space and approx. 1104 sq. ft. of 65-seat awning-covered deck, with inside and outside bars. The Music Room portion of the enclosed space has a 185-person capacity. The current rent is $6304/mo. Annual increases at approx. 3% per yr. Ample free and paid parking is available in the immediate area.
Priced at $330,000 with Owner financing options available to qualified individual. Investment and Partnership opportunities available.
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