This recording studio business plan template has 30 pages and is a MS Word file type listed under our business plan kit documents.
Sample of our recording studio business plan template:
Confidentiality Agreement The undersigned reader acknowledges that the information provided by [YOUR COMPANY NAME] in this business plan is confidential; therefore, reader agrees not to disclose it without the express written permission of [YOUR COMPANY NAME]. It is acknowledged by reader that information to be furnished in this business plan is in all respects confidential in nature, other than information which is in the public domain through other means and that any disclosure or use of same by reader may cause serious harm or damage to [YOUR COMPANY NAME]. Upon request, this document is to be immediately returned to [YOUR COMPANY NAME]. ___________________ Signature ___________________ Name (typed or printed) ___________________ Date This is a business plan. It does not imply an offering of securities. 1.0 Executive Summary 1 1.1 Objectives 1 1.2 Mission 2 1.3 Keys to Success 2 2.0 Company Summary 2 2.1 Company Ownership 2 2.2 Company History 2 Table: Past Performance 3 3.0 Services 4 4.0 Market Analysis Summary 4 4.1 Market Segmentation 5 Table: Market Analysis 5 4.2 Target Market Segment Strategy 6 4.3 Service Business Analysis 6 4.3.1 Competition and Buying Patterns 7 5.0 Strategy and Implementation Summary 7 5.1 SWOT Analysis 7 5.1.1 Strengths 7 5.1.2 Weaknesses 7 5.1.3 Opportunities 8 5.1.4 Threats 8 5.2 Competitive Edge 8 5.3 Marketing Strategy 8 5.4 Sales Strategy 9 5.4.1 Sales Forecast 9 Table: Sales Forecast 9 5.5 Milestones 11 Table: Milestones 11 6.0 Management Summary 11 6.1 Personnel Plan 11 7.0 Financial Plan 11 7.1 Important Assumptions 12 7.2 Break-even Analysis 12 Table: Break-even Analysis 13 7.3 Projected Profit and Loss 13 Table: Cash Flow 17 7.5 Projected Balance Sheet 19 Table: Balance Sheet 19 7.6 Business Ratios 21 Table: Ratios 21 7.7 Long-term Plan 22 1.0 Executive Summary [YOUR COMPANY NAME] is led by a respected businessman, [YOUR NAME], who has considerable experience in running an effective business. [YOUR COMPANY NAME] is a music and sound recording studio, located in Washington State in the city of Lakewood. The Company's owner [YOUR NAME] offers more than 10 years of industry experience. He has a strong background in sound recording, audio engineering and promotional marketing and designing. He also has notable experience in the entertainment field. The focus of this business plan is to put forth objectives to provide audio recording services for musicians/artists, to provide quality promotional materials for musicians/artists, increase sales and customer base, and to offer outstanding videography services in the near future. [YOUR COMPANY NAME] is ready to elevate to the next step. The Company is seeking a business loan in the amount of $100,000. The loan will be used in the areas of new equipment purchases, equipment upgrades and advertising. 1.1 Objectives [YOUR COMPANY NAME] has four main objectives: 1. To provide exceptional audio recording services for musicians/artists. 2. To provide promotional materials (posters, fliers, cd covers) for musicians/artists. 3. To increase sales and customer base. 4. To offer outstanding videography services in the near future. 1.2 Mission [YOUR COMPANY NAME]'s mission is to provide an environment in which personal artistry is encouraged and creativity is inspired as well as expressed. We will commit to our customers by providing a professional full-service recording studio and video production Company dedicated to supplying superior quality at affordable rates. 1.3 Keys to Success Provide professional quality audio production Guarantee client satisfaction Maintain exiting clients to refer future business Have affordable rates 2.0 Company Summary Company: [YOUR COMPANY NAME] Address: [Your Address] Phone: [Your Phone Number] Email: [Email@yourcompany.com] Web Site: [Your Website Address] [YOUR COMPANY NAME] is a music and sound recording studio, located in [YOUR STATE/PROVINCE] in the city of [YOUR CITY]. The Company was established in 1999 by the sole proprietor, [YOUR NAME], who brings more than 10 years experience to the recording industry. [YOUR COMPANY NAME] sits between two military bases, the McChord Air Force Base and Fort Lewis Army Base. The 800 sq ft building consist of three rooms: a waiting area, a pre-production area and post production area with a state of the art recording sound booth. It is the only full service, professional recording studio in the area. 2.1 Company Ownership [YOUR COMPANY NAME] is a sole proprietorship. The sole owner is [YOUR NAME]. 2.2 Company History Sales for 2007, 2008 and 2009 were $32,392, $39,474, and $45,657, respectively. Earnings for this period were $6,485, $8,388, and $6,436, respectively. The Past Financial Performance shows that we have had an increase in sales, while our earnings have declined. This is due to our main customers (military members) deploying back to Iraq and Afghanistan. However, we anticipate large profits once the soldiers return to Fort Lewis, Washington and at the McChord Air Force Base. Table: Past Performance Past Performance 2007 2008 2009 Sales $32,392 $39,474 $45,657 Gross Margin $32,392 $39,474 $45,657 Gross Margin % 100.00% 100.00% 100.00% Operating Expenses $17,621 $11,593 $23,973 Balance Sheet 2007 2008 2009 Current Assets Cash $4,893 $1,287 $1,863 Other Current Assets $4,732 $4,274 $3,784 Total Current Assets $9,625 $5,561 $5,647 Long-term Assets Long-term Assets $0 $0 $0 Accumulated Depreciation $0 $0 $0 Total Long-term Assets $0 $0 $0 Total Assets $9,625 $5,561 $5,647 Current Liabilities Accounts Payable $0 $0 $0 Current Borrowing $0 $0 $0 Other Current Liabilities (interest free) $0 $0 $0 Total Current Liabilities $0 $0 $0 Long-term Liabilities $0 $0 $0 Total Liabilities $0 $0 $0 Paid-in Capital $400 $400 $400 Retained Earnings $2,740 ($3,227) ($1,189) Earnings $6,485 $8,388 $6,436 Total Capital $9,625 $5,561 $5,647 Total Capital and Liabilities $9,625 $5,561 $5,647 Other Inputs Payment Days 30 30 30 3.0 Services [YOUR COMPANY NAME] provides sound recording services throughout the Lakewood, Washington area. These superior services include: Professional audio recording Manufacture and press compact discs for artists Creating innovative sound and concepts Military appreciation discounts Discount services for children interested in recording music or making songs 4.0 Market Analysis Summary The overall market for sound recording is immense and the demand for sound recordings is increasing. Sound recordings aids the booming technology field that delivers audio to computers, MP3 players, etc. Sound engineering technicians operate machines and equipment to record, synchronize, mix, or reproduce music, voices, or sound effects in recording studios, sporting arenas, theater productions, or movie and video productions. Related industries include: Music Publishing; Sheet Music Publishing; Record, CD, Tape Production; Integrated Record Production/Distribution. [YOUR COMPANY NAME] provides sound recording services to local vocal talent, whether they're independent artist, military musicians and children interested in tutorial sessions in audio recording. The Company is close to two military bases and provides a stress-free place for soldiers and veterans to utilize their musical capabilities. These military crowds have a unique talent and passion, and are willing to spend money on sound recording to keep a competitive edge in the music industry. [YOUR COMPANY NAME] anticipate market growth by 2011 when soldiers are deployed back to Fort Lewis, Washington and at the McChord Air Force Base. 4.1 Market Segmentation Our market segmentation scheme is fairly straightforward, and focuses on our target market, customers within the music and sound recording industry
