Tell me about your operating costs.
Sept 24, 2017 4:19:02 GMT -6
via mobile
jcoutu1 and ChaseUTB like this
Post by ericn on Sept 24, 2017 4:19:02 GMT -6
And then there is insurance to consider.
In Los Angeles they tax you for the square footage of your building's roof. I call it the "bird shit on the roof tax" as it's designed to help clean up the bird feces that collects and washes down the storm drains.
High operating costs an low profit potential is why any bank will not provide a loan for a recording studio, it's not a profitable business model anymore.
Many years ago their was a Buisness case study about a big NY based music study built on Bank money the consensus was it was a good plan, I being the dumb kid argued bad idea, NY real estate and one dimensional client base was not good in the long, long term , I think it was Avatar, because my old B school instructor sent me an email about the time they closed and said I was wrong and right, I told him I was right if you counted all the years they lost money!
Don't do this for extra cash, go in thinking this is going to lose rather than make money, if your wrong you will be just as happy as if your right!
