Type: Business Sale
Price: $27,899
Property Type: Education/Training

Small Music School Requires a New Owner

This business has been established since October 2009 and has low costs to run it.
It is currently managed remotely.
The current owners however wish to pursue a different direction away from retail premises with their business and are therefore offerring this business for sale.
This is NOT being offerred as a franchise,

Lease in place till Dec 2017 with further options.

Student numbers over the length of the business have varied between 40 - 90 per week approximately during school terms dependant upon how much effort is put into maintaining local marketing. Therefore annual profit ( not including teacher wages should you decide to take on some of the teaching yourself )can be between $30,000 and $50,000 with further opportunity to earn income from expanding the lessons offered in term and school holidays and with sales of instruments and equipment.
The premises is fully set up and has 3 teaching rooms and a waiting room/shop area. Split system heating/cooling, large front windows,signage and well equipped rooms make this a pleasant working environment to teach and work in.
It is located next door to a busy primary school and has no immediate competition in the suburb.
This opportunity would ideally suit a music teacher of Piano, Guitar, Drums, Violin or Singing which are the instruments currently offered, or the current teachers ( casual employees) could continue.
Mostly individuall classes are given.
Currently operating 5 days only, there potential for much growth as this studio has been operating almost by itself for the last few years whilst the owners have developed other areas of their business.
Price is $27899 plus GST for student lists, teachers lists, goodwill and equipment.
Equipment includes Roland electronic drumkit, Casio digital piano, Casio keyboard, various guitars and violin, 3 computers with speakers, desk,tables, chairs, display cabinet etc All set up and ready for you to walk in.
Owners are happy to assist in handover.

Contact The Owner


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