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Advertise here from
15,-EUR per month.

Practice studios for musicians

Description: About Me:
I have 20 Years of experience in event management and production. I began as a lighting designer for both TV and live shows in Pakistan and then eventually started my own event management company with in-house technical support. We became the true “one-stop shop” for the entertainment industry of Pakistan.

My company provided our clients with creative as well as technical and logistic support and equipment rental; for instance, some clients came to us looking for expertise about their event’s concept, while others rented equipments and services. Events that we did ranged from private parties, TV shoots, state events, promotional activities, product launching ceremonies, fashion shows, concerts of 100 to 50,000 live audiences to commercial exhibitions.

All was going well until I became an extortion target by and extremist organization and had to leave country with family. The escape cost me a great deal and I nearly lost everything.

When moved to USA and settled in Fairfax VA, it was a question of survival so I took on any job available. I started working as a car sales person at local dealership did well for two years and became a finance manager for the same dealership.

I kept exploring the possibilities around me for the desire to go back into the business I loved and was good at, remained within me.

The Idea!
I did some research and found out that there is a great need and huge potential for a business model, which is, based on the need of amateur (or even professional) musicians and singers producers etc. There are hundreds, or even thousands, of musicians/ singers/ bands/ recorders/editors, etc. who are looking for a place where they can gather, practice, jam, record, edit and feel free make as much noise as they want without the fear of disturbing households or neighbors.

The idea is to basically provide a place called “practice studios”. The studio would be a small sound proof room with basic set of band instruments such as drums, keyboard, guitar and bass guitar equipped with sound system available for per hour rental, $60 per hour.

At the same facility we will have additional equipment or facilities like additional gadgets, processors or editing rooms available, since we will already have traffic present at the business we can make extra money. Front portion of the facility will offer rental/production services such as stage, light, sound, set/backdrop, multimedia projection etc. for small to large events and in and out door venues.
 
Need from others:
Need Capital Need Capital
We can start with the first facility in Fairfax County and then gradually expand to DC metro area being in the ideal triangle of VA, DC and MD and finally operate as a franchise all over the country. There are two sections of business, practice studios and equipment rental. One outlet with 4 practice and two editing studios and equipment rental will generate about $80,000 to $100,000 revenue per month with the expense of $40,000 per month for rental, utilities and salaries.

I need approximately $500,000 to establish the first one. Lease is about $6,000 to $10,000 per month, and sound proofing and remodeling is about $90,000.Equipment $300,000 Marketing, launching and media development $20,000 and $70,000 operating capital is needed until the business is fully up and running.

According to my estimation, with the right kind of marketing, the business will be up and running in three months. I can offer 40% proft share for $500,000 investment.
 
Author: igegydu from United States  Posting reviewed by: 307 users
Country of business: US Virginia  Published on: 15 October 2009
Region of business: countrywide Posting ID: 3091
Business Sector: entertainment Image: Not available
Business Plan
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