Want to know exactly how much it costs to start a recording studio? here is a detailed analysis of the costs of starting a recording studio and fundraising.
The cum Music Production recording studio has indeed grown steadily over the years. especially in developed countries like the United States, Japan and even the United Kingdom. Although in some underdeveloped countries, where piracy is still endemic, the growth is somewhat excessive.
- Industry overview
While setting up a music and production company requires moderate start-up capital, it is indeed a very profitable business, especially if you live in an urban area where there are enough young people between the ages of 16 and 35. years in demography. This group of people is ready to do anything to enter the world; and music is one of the ways to make millions and hence become famous.
More than just being able to mix sounds and have the capital to build a music recording studio, you also need to have a social mindset if you are to truly excel in the industry. You should be able to promote artists who sign under your label.
The truth is, once you can raise a famous music superstar under your label, you’ll have less trouble with the artists you work with. In fact, you will be testing artists so that you can only work with the best.
The advantage of starting a recording studio business is that even if you choose to start in the United States of America, your market will not be limited to artists or companies in the United States; the world will become your target market, in large part thanks to the Internet, which has made the world a global village.
All you have to do is strategically position your recording studio brand on the internet, and you’ll be amazed at which people are interested in recording their music, audiobooks, or commercials calling you from all over the world.
How much does it cost to start a business in a recording studio?
The cost of setting up a recording studio has dropped significantly from what it was before; thank you very much to advances in technology and possibly the Internet. It’s easier to see people these days setting up recording studios in their homes. All they have to do is register a business and quickly! they are in business.
If you are thinking of opening your own recording studio, you might not start earning right away, but if you continue to do business; It won’t take long for you to gain fame and fortune.
The amount required to start a record company may vary slightly from country to country and state to state. Some of the factors that can affect the initial cost of a recording studio are the amount required to rent or lease the space, the cost of the equipment you will need, and the money required to label your business.
More seriously, starting your own recording studio depends a lot on your preferences and your budget. You can plan and spend millions of dollars, or spend in moderation; well under a million dollars.
- When it comes to buying microphones and headphones, you can go for the Neumann U87; it will cost you around $ 2,000 or more.
- For the mixer, you can use Euphonix or any other brand of your choice. But Euphonix is awesome (especially with its smooth preamp and built-in compressors). It will cost you around $ 30,000 or more.
- Alternatively, you can choose purely digital and skip the mixer completely. This means that you will need a good multi-input audio interface. A minimum of 12 Emu 1820m stereo pairs is good.
- Then the cables (nothing more than mogami cables. These are the best audio cables on the market right now; you can explore other options as well).
- You would need to create a budget for the preamp. Avalon is arguably your best bet, and you can get it for around $ 2,500 or less.
- You need to prepare a good budget for the monitor; A monitor is one of the most important gadgets that you will need to build your own recording studio. You can opt for a Yamaha monitor; it is simply one of the best options on the market.
- When it comes to buying a computer, all you need to do is budget for a high-end computer designed for this purpose. Your computer should have very large memory, a high quality graphics card, and a 2.6GHz quad-core processor, and you can find good software to work with.
Other factors that may vary slightly in terms of cost when it comes to running a standard recording studio in any of the countries listed above are labor costs, transportation costs and logistics, local taxes, business registration fees, promotion and branding costs. business and rental / leasing, among other factors.
Besides the fact that when it comes to starting a mid-size recording studio, you need to be prepared to rent or lease a standard, centralized facility in the business district; this will be one of the areas where you should be spending most of your startup capital.
How much does it cost to start a recording studio business in the United States?
These are the main expenses you have to incur when starting an average but standard recording studio in the United States of America;
- Overhead costs for registering a business in the United States. America 750 USD.
- The amount required to obtain licenses and permits, as well as accounting services (software, POS machines and other software) USD 3300.
- Marketing advertising costs for the official opening of the recording studio in the amount of $ 3,500, plus the printing of brochures (2,000 brochures at $ 0.04 per copy) for a total of $ 3,580 .
- The cost of hiring a business consultant (including writing a business plan) is $ 2,500.
- Insurance cost (civil liability, workers’ compensation) and property insurance) totaling $ 2,400 .
- The cost of renting a standard space for a studio and an administrative office is $ 150,000
- The cost of rebuilding the objects and building the studio is $ 100,000.
- Other start-up costs, including office supplies ( $ 500 ), telephone, and utilities. deposits ( $ 2,500 ).
- Operating costs for the first 3 months (employee salaries, payment of invoices, etc.) USD 60,000.
- Cost of initial inventory (supply of CDs, bulletin board, printing paper, ink / print cartridges, pen and stencil, etc.) $ 2,500.
- Cost for cash register, security, ventilation, signage $ 3750.
- The cost of purchasing studio equipment (digital audio workstation (DAW), DAW Remote, MIDI controller, air conditioners, good lighting systems, headphones, mixing console, multitrack recorder, microphones, reference monitors, which are flat frequency response speakers, keyboard, acoustic drum set, digital sound workstation, music workstation, sound broadcasting or recording, external effects such as compressors, reverbs or equalizers, DE-essers, cables, preamps, computers, audio interfaces, monitors, software, effects media, CD – duplicator and CD printer) USD 200,000.
- The cost of purchasing furniture and gadgets (telephone, printers, computers, tables and chairs, book / CD shelves, cubicles, standard library, copier, fax machine, among others) USD 4000.
- Cost to create and host a website $ 600
- The opening of the party costs $ 2000
- Miscellaneous 5000 dollars
You will need an estimated 350,000 $ ( 350,000 $) to successfully configure your environment. Large-scale but standard recording studio in the United States of America. Please note that this amount includes salaries for all staff for the first 3 months of employment and applies to a standard recording studio.
It will cost between $ 20,000 and $ 50,000 ( $ 20,000 to $ 50,000) to create a small standard record company that can only do basic recordings / studio in the United States of America . Note that with this budget you will have to pay for some pretty worn out studio equipment and the studio will be built in your home, saving you significantly on costs and overhead.
When it comes to starting a standard, large-scale recording studio with multiple studios in key cities across the United States of America, a recording studio company that provides services in various niches of the music industry and a record company that intends to sell a franchise in the near future. going forward, then you should budget well two million five hundred thousand dollars ($ 2.5 million ).
How much does it cost to start a recording studio business in UK?
These are the main expenses you have to incur when setting up an average but standard UK recording studio;
- The cost of reconstructing the objects and building the studio. £ 86,500.
- A staff member rents a standard studio and administrative office space £ 135,000.
- The cost of the insurance (third party liability, workers’ compensation and property damage) amounted to £ 2,400 .
- The cost of hiring a business consultant (including writing a business plan) is £ 2,500.
- Marketing promotion fee for the official opening of the recording studio of £ 3,500, plus the printing of brochures (2,000 brochures at £ 0.04 per copy) totaling £ 3,580 .
- Legal fees for obtaining licenses and permits, as well as accounting services (software, POS machines, etc.). software) £ 700.
- In the UK online applications are usually registered within 24 hours and cost £ 12 (payable by debit or credit card). or PayPal). Postal requests take 8-10 days and cost £ 40 (payable by check to Companies House). This is a same day service which costs £ 100.
- Other start-up costs, including office supplies ( £ 300 ), telephone and utility bills ( £ 1,500).
- Running costs for the first 3 months (employee salaries, bill payments etc) £ 60,000
- Initial cost of stock (printing paper, inks / cartridges, pen and stencil, etc.) £ 2,000
- Cash register, security, ventilation, signage £ 2,500
- Purchase and installation of video surveillance: £ 4,500
- The cost of purchasing studio equipment (Digital Audio Workstation (DAW), DAW Remote). , MIDI Controller, Air Conditioners, Good Lighting Systems, Headphones, Mixing Console, Multitrack Recorder, Microphones, Reference Monitors, which are flat frequency response speakers, Keyboard, Drum Kit, Digital Audio Workstation, Music workstation, On Air or light recording, external effects such as compressors, reverbs or equalizers, DE-essers, cables, preamplifiers, computers, audio interfaces, monitors, software, effects media, CD duplicator and CD printer ) £ 180,000.
- Purchase costs for furniture and gadgets (phone, printers, computers, tables and chairs, book / CD shelves, cubicles). , standard library, photocopier, fax, among others) £ 2,500.
- The cost of building and hosting a website is £ 600.
- The cost of opening the party is £ 2000.
- Miscellaneous £ 5,000.
You will need an estimate of three hundred and twenty thousand £ (£ 320,000 ) to successfully set up a mid-range but standard recording studio. company in UK. Please note that this amount includes salaries for all staff for the first 3 months of employment and applies to a standard recording studio.
A small but standard recording studio company begins and can only do basic recording. UK studio services / works will cost between £ 18,000 and £ 48,000 (£ 18,000 to £ 48,000 ). Note that with this budget you will have to pay for some pretty worn out studio equipment and the studio will be built in your home, saving you significantly on costs and overhead.
When it comes to starting a standard, full-scale recording studio with multiple studios in key UK cities, a recording studio company that provides services in various niche areas of the music industry and a record company that intends to sell a franchise in the near future, so think twice. a budget of two million two hundred thousand pounds sterling ( 2.2 million pounds sterling ).
How much does it cost to start a recording studio business in Canada?
These are the main expenses you will have to incur when starting an average but standard recording studio in Canada;
- For the registration of a federal company in Canada, the fee is $ 200 if filed online through the Canadas Corporation Online Registration Center ( $ 250 if filed by other means).
- The amount required to obtain licenses and permits. and accounting services (software, POS machines and other software) USD 3300.
- Marketing advertising costs for the official opening of the recording studio in the amount of US $ 3,500 . and flyer printing (2,000 flyers at $ 0.04 per copy) for a total of $ 3,580 .
- The cost of hiring a business consultant (including writing a business plan). ) – $ 2,500.
- Insurance coverage costs (civil liability, workers’ compensation and property loss) totaling $ 2,400 .
- The cost of renting a standard space for a studio and an administrative office is $ 150,000
- The cost of rebuilding the object and building the studio is $ 100,000.
- Other start-up expenses, including office supplies ( $ 500 ), telephone, and utilities ( $ 2,500 ).
- Running costs for the first 3 months (salary of employees, payment of invoices, etc.) 60,000 USD.
- Initial cost of inventory (supply of CDs, bulletin board, printing paper, ink / cartridges, pen and stencil, etc.) USD 2,500.
- The cost of cash register, security, ventilation, signage is $ 3,750.
- The cost of purchasing studio equipment (digital audio station (DAW), DAW console, MIDI controller, air conditioners, good lighting systems, headphones, mixing console, multitrack recorder, microphones, reference monitors, which are flat frequency response speakers, keyboard, acoustic drum kit, digital sound workstation, music workstation, broadcast or recording light, external effects such as compressors, reverbs or equalizers, DE-essers , cables, preamplifiers, computers, audio interfaces, monitors, software, effects media, CD duplicator and CD printer) USD 200,000.
- Purchase of furniture and gadgets (telephone, printers, computers, tables and chairs, book / CD shelves, cubicles, standard library, photocopier, fax machine, among others) $ 4000.
- Website creation and hosting costs $ 600
- The opening of the party costs $ 2000
- Miscellaneous 5000 dollars
You will need an estimate of three hundred and fifty thousand dollars ($ 350,000) to successfully set up a medium-sized but standard recording studio business in Canada. Please note that this amount includes the salaries of all staff for the first 3 months of employment and it applies to a standard recording studio.
A small but standard recording studio company begins and can only do basic recording. Services / studio work in Canada will cost from twenty thousand to fifty thousand dollars (from $ 20,000 / up to $ 50,000). Note that with this budget you will have to pay for some pretty worn out studio equipment and the studio will be built in your home, saving you significantly on costs and overhead.
When it comes to starting a large standard recording studio with multiple studios in key cities across Canada, a recording studio company that provides services in various niche areas of the music industry, and a studio company registration that intends to sell a franchise in the near future, so think carefully. a budget of two million five hundred thousand dollars (US $ 2.5 million ).
How much does it cost to start a recording studio business in Australia?
These are the main costs you have to incur when setting up a mid-size but standard record label in Australia;
- In Australia, the fees to register your business name with an ASIC include: $ 34 over 1 year. $ 80 for 3 years.
- The amount required to obtain licenses and permits, as well as accounting services (software, POS machines and other software) USD 3300.
- Marketing advertising costs for the official opening of the recording studio in the amount of $ 3,500, plus the printing of brochures (2,000 brochures at $ 0.04 per copy) for a total of $ 3,580 .
- The cost of hiring a business consultant (including writing a business plan) is $ 2,500.
- Cost of insurance (civil liability, compensation for industrial accidents and property). accident insurance) for a total amount of $ 2,400 .
- The cost of renting a standard space for a studio and an administrative office is $ 150,000
- The cost of rebuilding the objects and building the studio is $ 100,000.
- Other start-up expenses, including office supplies ($ 500), telephone, and utilities ($ 2,500 ).
- Running costs for the first 3 months (salary of employees, payment of invoices, etc.) 60,000 USD.
- Cost of initial inventory (supply of CDs, bulletin board, printing paper, ink / print cartridges, pen and stencil, etc.) $ 2,500.
- The cost of cash register, security, ventilation, signs is 3750 US dollars.
- The cost of purchasing studio equipment (Digital Audio Workstation (DAW), DAW). Console, MIDI controller, air conditioners, good lighting systems, headphones, mixing console, multitrack recorder, microphones, reference monitors, which are flat frequency response speakers, keyboard, acoustic drums, digital audio station, station musical work, including. Air or Recording Light, external effects such as compressors, reverbs or equalizers, DE-essers, cables, preamplifiers, computers, audio interfaces, monitors, software, effects media, CD duplicator and CD printer) USD 200,000
- The cost of purchasing furniture and gadgets (phone, printers, computers, tables and chairs, plus ok / CD shelves, cubicles, standard library, copier, fax, among others) USD 4000.
- The cost of building and hosting a website is $ 600.
- The cost of our presentation is $ 2000.
- Miscellaneous $ 5,000.
You will need an estimate of 350 000 USD ( 350 000 AUD ) to set up a successful recording studio midrange but standard in Australia. Note that this includes all staff salaries for the first three months of operation and applies to a standard studio. sound recordings.
A small but standard recording studio company begins and can only do basic recording. studio services / work in Australia will cost from twenty thousand to fifty thousand dollars (from 20,000 Australian dollars to 50,000 Australian dollars ). Note that with this budget you will have to pay for some pretty worn out studio equipment and the studio will be built in your home, saving you significantly on costs and overhead.
When it comes to starting a large standard recording studio with multiple studios in key Australian cities, a recording studio company that provides services in various niche areas of the music industry and a record company that intends to sell a franchise in the near future, then you should pay focus on a budget of over two million five hundred thousand dollars ( 2.5 million Australian dollars ).
An estimate of the start-up costs of a recording studio based on the following factors;
- Specific place
The record label and most service companies require that you be in physical contact with your customers, so it needs to be in a good location; a place that is conducive to human and car traffic, and a place that has the right demographics if you really want to target multiple customers and maximize your business’ profits.
- Staff / Workforce
When it comes to starting a large-scale standard recording studio, you need the following specialists;
- General manager
- Studio manager
- Music / recording producer
- Sound / recording engineer
- Administrator and HR manager
- Marketing and Sales Director
- Accounting
- Receptionist
- Other roles can be included; roles such as corporate lawyer (entertainment lawyer), graphic designer and brand manager
Can a recording studio business be loaded on a tight budget right from home?
If you are looking for a small business that you can successfully launch on a tight budget at home, you should consider starting a recording studio. The advantage of a recording studio business is that you can successfully run the business from your home, especially if you decide to work on a small scale.
In fact, you can start a recording studio company with as little as twenty thousand dollars, or even less, depending on the size of your business. All you need to do is register a business, purchase the necessary basic studio gadgets (fairly used), print your business card, and sell your services.
The problem is, you need to be prepared to take on more than half of the available sales roles. You should be a manager, accountant, HR and administrator, sales and marketing manager, sound engineer, music producer, etc.
How much does it cost to purchase a franchise in a recording studio?
Based on the available research, not a single fully operational studio business in the United States of America, United Kingdom, Canada and Australia is known to have franchised; most of the players in this industry use strategies that will help them use the Internet and mainstream media to market and promote their business.
It’s also easier to start and run a recording studio business from scratch. profitability without attracting a known brand. People will frequent your services based on your expertise rather than brand.
