Listings > 23 Year Old Music Subscription Service – Recurring Revenue!
23 Year Old Music Subscription Service – Recurring Revenue!
Status : For Sale
Annual Revenue : $681,000
Annual Profit : $122,938
Annual Unique Visitors : 83,000
Date Established : 1990
Page Rank : 3
Alexa Rank : 700000
Compete.com Rank : 63000
SEMRush Rank : 580000
Inbound Links : 24
Google BackLinks : 142000
Domain Registration : 1997
For sale is a 23-year-old recurring revenue business that provides promotional music compilations both in CD and digital formats specifically designed for DJs, nightclubs and jukebox operators. The owners have the licenses from major record labels required to produce these compilations across North America. This well established company has cemented itself as one of the leaders in the space and has continually adapted in their changing environment (from producing cassette tapes for distribution in the early 90’s, to CD’s in the mid to late 90’s, to a digital product just 3 years ago).
The business is quite healthy and boasts a gross revenue of roughly $800K in the trailing 12 months and is on pace for a similar figure in 2013. From a profit standpoint, it is on pace to generate approximately $150K in 2013 through a combination of digital product sales and CD sales. The business also comes with over $190,000 worth of hard assets – a combination of CD inventory and fixed assets.
From an operational point of view, a team is in place to handle the day-to-day activities while the owner himself does some basic top-level accounting and marketing.
This business can be relocated anywhere in North America, is in a fantastic and growing niche, has a tremendous history and is primed for a new owner to come in and further expand the digital product offering to DJs through a number of different avenues. This business would be a perfect fit for one or more people already in the digital music industry or DJ industry looking to expand their current product offerings. Alternatively, it would be great for an investor simply looking for a solid business with exceptional upside.