8 X 10 Music Venue, Federal Hill, MD

  • $450,000

Description

1. Venue Overview: The 8 x 10 • General Ambiance: The 8×10 is more than a venue; it’s a community. Located at the heart of Federal Hill, Baltimore, it’s a place for bands and fans to unite over live music and art. The 8×10 champions a safe and supportive environment, encouraging patrons to let go of life’s stresses and immerse themselves in an authentic musical experience. • Layout and Design:  First Floor: The primary bar seats 12 and serves 12 beers on tap. The entire venue has hardwood floors, a large stage, state-of-the-art DJ booth, and a fog and lighting system. The supreme sound system is Meyer Sound, known for its clear, powerful quality. A manager’s office is conveniently located on this floor.  Second Floor: A secondary bar with 10 seats and 12 beers on tap, plus a balcony providing a unique, close-up view of the stage and performers.  Third Floor: Features a green room for artists, with a lounge and restroom, offering comfort and privacy for performers.  Basement: Equipped with a large walk-in refrigerator for keg storage and a glycol cooling system for optimal beer temperature. Two restrooms are also located in the basement.

2. High-Tech Equipment and Security Systems •Sound & Video Systems: The 8×10 boasts a professional-grade sound setup, including 4 MSL-4 speakers on the first and second floors, 4 USW-1P subwoofers, and dual x32 digital soundboards. The system is optimized for repeat performances, as it saves sound settings for returning bands, enhancing efficiency and f lexibility. Additionally, the sound system is compatible with 32-track PRO-Tools for high-quality recording. • Video Production: Eleven HD cameras (4 pan/tilt/zoom and 7 fixed) feed into a CPU-based video production system, allowing multi-camera recordings for creating promotional videos and DVDs. The V-Mix software ensures seamless integration, offering bands an additional revenue stream through video sales and rentals. • Security System: A robust internet-enabled alarm system, with video surveillance over money-handling stations, entry points, and high-security areas. This scalable system includes motion detectors, employee tracking via unique IDs, and Alexa compatibility, providing security and peace of mind for both owners and patrons.

3. Maintenance & Upgrades: Ready for the Future •Recent Repairs: Over the last 19 years, The 8×10 has invested in essential repairs and upgrades, including a new rooftop air conditioner, walk-in refrigerator evaporator, ice machine, and hot water heater. With these critical systems updated, the venue is prepared for continued operations with minimized maintenance needs. • Alarms & Cameras: A new, internet-capable alarm system features video cameras at each high-risk location. This recent upgrade brings significant savings in professional monitoring fees, supports multi-user tracking, and integrates with Alexa. Maintenance is simplified, and the system is fully scalable.

4. Location Benefits: Prime Federal Hill Spot • Community & Cultural Scene: Federal Hill is thriving, with recent renovation and restoration projects enhancing the neighborhood’s appeal. Within a ten-block radius, five multi-story apartment complexes have been completed, with another five nearby. The area is home to both residents and tourists, making it a lively spot for entertainment and nightlife. • Proximity to Major Attractions: The 8×10 is conveniently located near several major Baltimore attractions, including Camden Yards, M&T Bank Stadium, the National Aquarium, and the Inner Harbor— Baltimore’s largest tourist destination. This strategic location places The 8×10 in a high-traffic area ideal for drawing diverse crowds.

5. Revenue Potential and Additional Assets • Community Following: With a loyal following, The 8×10 community includes fans who frequently attend shows, meet here, and even start families. The venue has become more than just a business—it’s a cherished part of Baltimore’s music culture. • Licensing & Revenue Opportunities: The 8×10 holds a valuable BD-7 Class Liquor License, valid for seven days a week, allowing both on and off-premise sales. This license includes a state-issued music permit. • Ownership & Financial Performance: Ownership & Financial Performance: Current ownership draws a combined annual salary of $70,000 plus incidentals, demonstrating profitability and potential for new ownership to continue earning from both ticket sales and bar revenue.

Address

  • City Federal Hill
  • State/county Maryland
  • Area Federal Hill

Details

Updated on October 18, 2024 at 4:41 pm
  • Price: $450,000
  • Property Size: 4000 s.f.
  • Property Type: All Restaurants for Sale and Lease, Liquor Licenses for Sale

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Jim McGinnis
  • Jim McGinnis