help needed: how do you value a studio?

[pikachu69]

I am in the process of trying to sort a deal with a m8 for the use of his studio, as in I hire the studio directly from him and bring my clients to said studio and charging them for my services.
Now as a dry hire, how do you work out what the studio would be worth on an hourly rate?
I realise power and so on has an impact etc but in terms of the building itself and the gear inside (some of which is mine) how do you come to a set fair price so he gets a fair amount but still allowing enough head room to add on my cut. Is i based on a percentage of its worth?

I hope this makes sence as it has become a bit of an issue for me and I need to sort it soon so any help, big or small, will be much appreciated guys.

Thanks,
Nigel.

 

[Jarkko Mattheiszen]

You're basically talking about a lock-out deal, although since some of the gear is yours and I reckon you're talking about a long-term relationship, so just have a look at other local studios' lock-out rates and cut a deal from there.

 

[guitarguru777]

I have a deal with most local producers / engineers that they pay me a flat hourly rate for the time they are in my studio. For my friends who are interested in working out of my studio I cut a flat rate, but put hourly limits on how long they can be in here.

 

[Loren Littlejohn]

Jason, could you PM me your lockout and normal hourly rates. I'm trying to work something out with a studio at the moment and could use the information (indirectly of course, I would never state "well such and such does this").

Actually, if anyone else could help me out with that as well that would be great.