Asking Price

350000

Description

Marketplace with $236,608 in TTM revenue and $45,000 in TTM profit connecting songwriters with session musicians and enable them to collaborate in a virtual recording studio. Also enabling non-songwriters to work with professional songwriters and musicians to create customized songs for special occasions.

✅ $236,608 in TTM revenue

✅ $45,000 in TTM profit

✅ $15,649 in revenue last month

✅ $5,000 in profit last month

✅ Competitors: StudioPros, SoundBetter, Airgigs

Tech Stack

PHP, CSS, HTML5

Competitors

StudioPros
SoundBetter
Airgigs

Growth Opportunity

The music production part of the business is only one part of what we're doing. Our main focus is actually on music discovery and music publishing. Unfortunately, giving music production adequate attention is no longer possible, hence we are looking to sell this particular business unit to finance the growth of our other business units. The ideal owner would be someone who could possibly play multiple instruments to increase profit margin, or already has a group of session musicians he/she works with. Maybe a recording studio owner, a music band, etc. I don't think the music production business itself is a venture scalable business that would attract a ton of VC money - however, I think with someone who can put 100% attention to it, this business can easily grow to a $10M per year company. We are chasing venture scale with our other business units and therefore can't put the needed time into the music production department.
Improve conversion rates
Increase pricing
Increase digital marketing
Focus on SEO
Social media marketing

Key Assets

Brand
Social media accounts
Domain
Customers

# of Customers

1,000-10,000

Team Size

4

Deal Structure

Will Disclose Metrics

Trailing Twelve Months Revenue (TTMR)

236610

Trailing Twelve Months Profit (TTMP)

45000

Last Month's Revenue

15650

Last Month's Profit

5000

Categories

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