Small Music School Requires a New Owner

27 days ago

Location:
Rosanna 3084 > Melbourne > Victoria

Investment level:
$27,899

Type:
Franchise New

Industry:
Personal Services > Education, Coaching & Training

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Internal Ref: 3856

Summary

This business has been long established from 1978 but has moved several times within the area and has low costs to run it.It can be managed remotely.The current owners however wish to pursue a diff...

Location Details

7 Miriam St

About the Opportunity

This business has been long established from 1978 but has moved several times within the area and has low costs to run it.
It can be 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 being offerred with the choice to be purchased as a franchise or not.Additional fee for franchise purchase not quoted here.


Student numbers over the length of the business have varied between 50 - 110 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 $50,000 plus with further opportunity to earn income from expanding the lessons offered in term and school holidays and with sales of instruments and equipment.

It is located in an area surrounded by busy primary schools 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 6 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 $47899 plus GST for student lists, teachers lists, goodwill and equipment.
Equipment includes Roland electronic drumkit, Casio digital pianos, various guitars and violin, computers with speakers, desk,tables, chairs, display etc All set up and ready for you to walk in.
Owners are happy to assist in handover.

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