For Sale:
Royalty Free On Demand Music Website
Asking Price: $1,300,000
Description
*Both the business financials and asking price are represented in Canadian Dollars (CAD).
This business provides cutting-edge, royalty free music on demand to customers worldwide. The website represents the music of world class composers from all over the planet for licensing in everything from television, film, advertising and new media applications to on-hold messaging and background music. With the explosion of Social Media and YouTube, this site’s product appeals to anybody creating video beyond industry professional. Its exact match domain name perfectly enhances this internet business. This website is priced based on its profit level as well as its excellent fundamentals which include huge database, large email list, great traffic, exact match domain name and numerous license agreements with composers. Having proprietary content of this nature and other aspects carries a tremendous value of its own.
Financial Overview
| Gross Revenue | $516,284 |
|---|---|
| Cash Flow | $342,885 |
| Archive Date | 08-04-2014 |
| Status | Archived |
| Year Established | 2002 |
| Employees | 0 |
| Inventory | 1 |
Other Information
| Category | E-Book/E-Product/Newsletter |
|---|---|
| Industry | Music |
| Location | Canada, Ontario |
| Home Based Business | Yes |
| Seller Finanacing Available | No |
| Income Sources | Other |
Growth
Building upon its established foundation, this business is perfectly positioned for a new owner to take the site to the next level of growth by converting the site into other languages and targeting new markets as well as expanding the website’s offering or functions by continuing to offer solutions to industry problems/opportunities as they arise.
Competition
This business has many competitive advantages in the industry. Perhaps the largest advantage comes through the quality of its music along with its simple licensing process. Although their library may be much smaller than others, the site offers cutting edge music with tracks that are hand selected to meet the customers’ needs and the site is not bogged down with unusable tracks. The cost per track is competitive and the quality vs. cost ratio is excellent.