Profitable Entertainment Production Company Seeking Loan in Phoenix, USA
Record label focused on promoting and distributing music worldwide seeks funds to promote their artists.
| Established | 1-5 year(s) |
| Employees | < 2 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | USD 18 thousand |
| Run Rate Sales | USD 30 thousand |
| EBITDA Margin | 40 % |
| Industries | Entertainment Production |
| Locations | Phoenix |
| Local Time | 8:49 PM America / Phoenix |
| Listed By | Business Owner / Director |
| Status | Active |
Seeking Loan
USD
50 thousand
for
16.0%
annual interest,
1
year
(Native Currency: USD 50,000)
Reason: We need funds to spend on promotion and marketing our artists. The funds will be used to buy airtime...
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Collateral Available: USD 0
Includes physical assets worth
USD
3 thousand
Name, Phone, Email
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Business Name
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User Verification
Documents
Employer Identification Number
(13.3 KB)
Business Overview
- Completely bootstrapped and homegrown entertainment production business.
- The business makes money by selling instrumental beats or renting out studio time to upcoming artists and helping them record a song.
- We charge USD 300 to record a song and USD 500 to produce their instrumental beat as well.
- Very low operating costs right now since we have to pay no salaries or building rent. So our current profit margins are an exception and it will surely reduce once we move into a building.
- We also want to earn revenue through artist development and have recently signed one artist to our company.
- Only one full-time employee (the owner himself) and 2 friends who help out on an ad hoc basis.
- The business makes money by selling instrumental beats or renting out studio time to upcoming artists and helping them record a song.
- We charge USD 300 to record a song and USD 500 to produce their instrumental beat as well.
- Very low operating costs right now since we have to pay no salaries or building rent. So our current profit margins are an exception and it will surely reduce once we move into a building.
- We also want to earn revenue through artist development and have recently signed one artist to our company.
- Only one full-time employee (the owner himself) and 2 friends who help out on an ad hoc basis.
Products & Services Overview
Music production.Recording arts.
Marketing and promotion.
Artist development.
Music production is our top-selling service as of now.
Assets Overview
Tangible assets include:- Studio equipment like mics, adapters, and monitors.
- Laptop.
- Keyboard (instrument)
Facilities Overview
We have about 100-150 sq ft of space as a studio and office. This space is in the owner's house which is located in Tempe close to Phoenix, Arizona.
Capitalization Overview
- 100% of the shares are held by a single person.- There are no bank loans or debts in the name of the company.
Recent Activity
-
Earlier than 15 daysPresident, Scottsdale, Financial Consultant connected with the Business
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