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Successful Online Music Awards Competition For Sale

San Diego, California - South
Asking Price:
$295,000 (USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

Viewed as music’s gold standard by our participants, this popular music awards competition is a proven cash-flow generator with net margins of over 70%. With its head office currently located in San Diego, California, this internet based competition could be run from anywhere in the world.

This is an established exciting business opportunity based in the music, media and entertainment & fun industries. Now in its 8th year, this internet held competition receives hundreds of entries from all around the world. Music entries have been received from over 70 countries. Entering artists understand that if they win one of the awards, they will know that their music and media stands out internationally across cultures. It is a measure of respect that well known Grammy and Emmy artists submit their work to this internet hosted awards completion.

The business draws its income through the registration fees the artists pay to be judged on this music competition and product sales. Ideally this entertainment media company is suited for an individual or group that wants a profitable, fun and worthwhile music business with appreciative clientele. There would be future growth via additional streams of revenue, access to a new customer base, cross-selling opportunities in a global market and an avenue to discover new and fresh talent. While a musical background would be helpful, the core skills required for success are administrative and entrepreneurial.

To help the next owner, there will be onsite media and business training in California and 3 months of consultation after the sale. With a high level of customer retention and repeat business, it is projected that the current revenue will likely grow organically by 200%-300% over the next 3-5 years. During the past 18 months, 61% of the internet entries have come from past participants and word of mouth. The current owners believe that with a new energetic owner and fresh media ideas this growth can still be accelerated further.

A highly-accomplished musician recently said of this entertainment competition, "You are opening a new avenue for recognition and expression that has not existed before. I joined the Recording Academy and submitted my music for Grammy consideration last year, but I knew that it was not the place to find recognition for my work. The rise of your company coincides with the needs of thousands of musicians who have been placed in limbo by changes to the music industry.”

For more information on this opportunity, contact the seller through the form at the bottom of the page.

Property Information

Location:

Several music URLs will be sold with the business including all related URLs to protect the trade name.

Business Operation

Expansion Potential:

There is no other music competition that specifically targets a global range of highly skilled, highly trained independent musicians. Other established music competitions tend to favour popular trending younger artists based on their money-making potential. This situation creates a unique opportunity for serving and marketing to the vast pool of successful, highly accomplished journeyman musicians around the world.

Competition / Market:

One of the things that sets this business apart is the fact that it owns a proprietary email database of 28,000+ musicians, music industry professionals and bloggers.

Reasons for selling:

The current owner is healthy and financially sound, so this is not a need-to-sell situation. While all offers will be considered, cash offers without contingencies will be favored.

Years established:
8

Other Information

Support & training:

Onsite training in California and 3 months of consultation after the sale.

Home based:
This business can be run from home.
Relocatable:
This business can be relocated.

Contact Information

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