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#1
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I may be mistaken, but I seem to recall a thread here discussing the
viability of renting rehearsal space as a business. I have an interest in this as a possible business. Anybody remember that? I did a Google search, but came up empty. Maybe I dreamt it. If my memory is faulty, anybody have any thoughts on how to research the viability of such a business in a particular area? Thanks. -- Laung Anthique http://www.ironia.net http://www.cultv.com |
#2
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NJD wrote:
I may be mistaken, but I seem to recall a thread here discussing the viability of renting rehearsal space as a business. I have an interest in this as a possible business. Anybody remember that? I did a Google search, but came up empty. Maybe I dreamt it. If my memory is faulty, anybody have any thoughts on how to research the viability of such a business in a particular area? Thanks. There are two such rehearsal studios in my area and they're both pretty busy. IMHO it's a pretty crummy business to be in. The rooms and gear take a lot of abuse, lots of loud bad music, long hours, security issues, complaints from neighbors, etc. -- -- John Noll Retromedia Sound Studios Red Bank, NJ 07701 Phone: 732-842-3853 Fax: 732-842-5631 http://www.retromedia.net |
#3
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IMHO it's a pretty crummy business to be in. The rooms
and gear take a lot of abuse, lots of loud bad music, long hours, security issues, complaints from neighbors, etc. ------------------------ You need to do it on a monthly basis, not hourly basis. Get an industrial building in a location where you can make lots of noise all day and night. Build up a bunch of small rooms inside. Need not be furnished at all, just paint the walls and put down a cheap carpet maybe. Put in good doors and a security camera system throughout the building. The tenants are responsible for all locks on their own doors. You will of course not need to provide any music gear. Depending on your area, you can get some very decent bucks per month. In New York, Long Island anyway, you can get at least $600 per month per small room. The places I've seen here are always fully booked at all times, you need to get on a waiting list if you want to get a room. There's a big demand. The rooms are usually dirty and unkept, but people still beg to get on waiting lists at $600 per month. $600 a month is a lot, and most musicians are broke, but often two bands will go in on a room together and share... so if you have a total of 8 band members, that's only $75 per person per month... this is why it works. If you can manage to build say 10 - 16 rooms inside a small industrial warehouse, chances are you can make a decent profit. Another nice thing is that you do not need to be there all the time, nor do you need to employ anyone. You will just need to do some maintenance and clean up work occasionally, probably more often than you would think, but it's still not a full time job. Of course there is still overhead, insurance, heating, electrical, various fines and violations, snow removal, trash carting, etc, etc. One way to start researching this is to just try to find other studios in your area that do this. How many are there? How much do they charge? Are they booked up or empty? Etc. I know on Long Island, there are a decent amount, and they are all booked up... and they are charging $600 for bare-bones unfurnished small rooms in desolate industrial areas. Come to Long Island and open one up... and give me half price on a room for the advise! |
#4
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"NJD" wrote
I may be mistaken, but I seem to recall a thread here discussing the viability of renting rehearsal space as a business. I have an interest in this as a possible business. I used to run 4 rehearsal rooms as a business. If you have any more questions I would be happy to answer them. If my memory is faulty, anybody have any thoughts on how to research the viability of such a business in a particular area? Most big cities will need them. Check to see if it is already catered for by community centres, scout halls etc. -- Anthony Gosnell to reply remove nospam. |
#5
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In article , eagle123
@optonline.net says... IMHO it's a pretty crummy business to be in. The rooms and gear take a lot of abuse, lots of loud bad music, long hours, security issues, complaints from neighbors, etc. ------------------------ You need to do it on a monthly basis, not hourly basis. Get an industrial building in a location where you can make lots of noise all day and night. Build up a bunch of small rooms inside. Need not be furnished at all, just paint the walls and put down a cheap carpet maybe. Put in good doors and a security camera system throughout the building. The tenants are responsible for all locks on their own doors. You will of course not need to provide any music gear. Depending on your area, you can get some very decent bucks per month. In New York, Long Island anyway, you can get at least $600 per month per small room. The places I've seen here are always fully booked at all times, you need to get on a waiting list if you want to get a room. There's a big demand. The rooms are usually dirty and unkept, but people still beg to get on waiting lists at $600 per month. $600 a month is a lot, and most musicians are broke, but often two bands will go in on a room together and share... so if you have a total of 8 band members, that's only $75 per person per month... this is why it works. If you can manage to build say 10 - 16 rooms inside a small industrial warehouse, chances are you can make a decent profit. Another nice thing is that you do not need to be there all the time, nor do you need to employ anyone. You will just need to do some maintenance and clean up work occasionally, probably more often than you would think, but it's still not a full time job. Of course there is still overhead, insurance, heating, electrical, various fines and violations, snow removal, trash carting, etc, etc. One way to start researching this is to just try to find other studios in your area that do this. How many are there? How much do they charge? Are they booked up or empty? Etc. I know on Long Island, there are a decent amount, and they are all booked up... and they are charging $600 for bare-bones unfurnished small rooms in desolate industrial areas. Come to Long Island and open one up... and give me half price on a room for the advise! Interesting! Thanks. -- Laung Anthique http://www.ironia.net http://www.cultv.com |
#7
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NJD wrote in message t...
I may be mistaken, but I seem to recall a thread here discussing the viability of renting rehearsal space as a business. I have an interest in this as a possible business. Anybody remember that? I did a Google search, but came up empty. Maybe I dreamt it. If my memory is faulty, anybody have any thoughts on how to research the viability of such a business in a particular area? Thanks. You won't make much money from the rooms, but if you put in coke machines that hold beer, I guarantee you will make a ton of cash. Analogeezer |
#9
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HAHA
garrett NJD wrote in message t... In article , says... You won't make much money from the rooms, but if you put in coke machines that hold beer, I guarantee you will make a ton of cash. Is that legal? |
#10
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NJD wrote in message t...
I may be mistaken, but I seem to recall a thread here discussing the viability of renting rehearsal space as a business. I have an interest in this as a possible business. Anybody remember that? I did a Google search, but came up empty. Maybe I dreamt it. If my memory is faulty, anybody have any thoughts on how to research the viability of such a business in a particular area? Thanks. Before you sink any money into it make sure that local bands aren't already happily using rental storage units for both equipment storage and practice space. |
#11
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NJD wrote in message t...
In article , says... You won't make much money from the rooms, but if you put in coke machines that hold beer, I guarantee you will make a ton of cash. Is that legal? In Japan...yes. They had them in the living quarters rec rooms when I was in Antarctica....they rocked, you put in money, beer came out...what a concept. Analogeezer |
#12
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I own a business here in Baltimore that does just that. If you're going to
open a band rehearsal place be sure you're ready to play babysitter for lots of musicians who seem to have trouble operating alarm systems, emptying trash, hitting the target in the bathroom, and so on. Plus the weekend partying, tagging, destruction, etc. I've replaced several sinks because lust filled musicians thought throwing their wenches on the sink made sense. Homeless band members trying to live out of their rehearsal rooms. Bands that take in other bands to help with the rent - then fight when one or the other comes up short. Oh ya, and just getting the rent. But I'm guessing you've already thought of all that! As to the beer in the soda machine gambit: My competition here did just that - got busted too. Mike Potter Orion Sound Studios Bawlmer, hon! www.orionsound.com "unitron" wrote in message om... NJD wrote in message t... I may be mistaken, but I seem to recall a thread here discussing the viability of renting rehearsal space as a business. I have an interest in this as a possible business. Anybody remember that? I did a Google search, but came up empty. Maybe I dreamt it. If my memory is faulty, anybody have any thoughts on how to research the viability of such a business in a particular area? Thanks. Before you sink any money into it make sure that local bands aren't already happily using rental storage units for both equipment storage and practice space. |
#13
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Lines: 22
Message-ID: X-Trace: npbhgpngjbkmjfegdbdpiflmbcekedmfhojhikkbagflhcboli cdfkbiedjhohgofbcgpepmajljakaoidaklbcalhejnjiiffnc gfnojaonepigaaijeefbmmnmcbldbcalbbcmcpipcbkgffklph adahkkpojf NNTP-Posting-Date: Tue, 02 Mar 2004 21:47:20 EST Date: Wed, 03 Mar 2004 02:47:20 GMT Xref: intern1.nntp.aus1.giganews.com rec.audio.pro:1046683 On 2004-03-02 said: says... You won't make much money from the rooms, but if you put in coke machines that hold beer, I guarantee you will make a ton of cash. Is that legal? MOst places here in the U.s. would take a rather dim view of that one. YOu'd have to get the appropriate licenses and make sure minors didn't have access to it. NOW if you maybe supplied each rehearsal space with its own cooler, they put whatever they want in it. Richard Webb Electric Spider Productions REplace anything before the @ symbol with elspider for real email -- |
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