Established and Profitable Music School

, California 16 views 0 favorites

Financial Highlights
Asking Price
$525,000
Revenue
$360,000
Business Description

This established Music School has been operating for the past 7.5 years with great brand awareness, loyalty, high profit margins and has been awarded “The Best Music School” for the last four (4) years running. Over 3,000 SF. Designed and constructed with sound mitigating materials, over 100K in music gear with brand awareness that dwarfs all other competitors. Most competitors are no longer operating due to the financial impacts of COVID shutdowns. If you have a passion for music, education or community, this school is more than worth your time. Location: Folsom, California Year Established: 2014 Number of Employees: 8 Franchise: Yes Real Estate: Leased Building Sq. Ft.: 3,063 Rent: $6,432.30 Per Month Facilities: Recording studio, performance stage with P.A., 5 individual lesson rooms, 4 large/band rooms, piano lab for 6 students, early childhood room, break room, reception lobby, large waiting area, office. All rooms have multiple instruments, amps, P.A. Equipment. Studio has cutting-edge technology 48” touchscreen Raven controller, Adam 7AX monitors with matching Adam 10” sub. This school is clean, has more professional gear and equipment than any school in the area, 3 iMacs, 1 Mac Pro (studio) multiple packed P.A. Systems for live events. Market Outlook/ Competition: Due to COVID shutdowns, the majority of all music school competition has disappeared. We have strong brand awareness, extremely positive word of mouth, strong loyalty and excellent margin returns. Growth & Expansion: Growth for this location is untapped. Owner is an executive in another industry and hasn’t had the time to make the school his singular attention point. With some attention, this location should be able to generate close to, or over one million in yearly revenue. The school is now operating in the black after the COVID impacts that hampered so many businesses.

Business Details
Industry:
Education & Children
Real Estate Included:
No
About the Seller
AU
Admin User
6498
Active Listings
New
Member Since

Listed: Apr 21, 2022

Updated: 12 hours ago

Views: 16

Favorites: 0