Music School For Sale
Location New York,United States
Asking Price Range < $250K
Gross Revenues $230000
Net Profit / Cash Flow $70000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2009
Number of Employees 10 - 19
Relocatable Not Disclosed
Number of Employees 10 - 19
Real Estate Leased
Training Will provide as necessary.
Reason for Sale Seller is moving.
Description Asking Price: $140,000
This music school has great potential for growth! During the weekdays (Monday-Friday), the school operates for an hour a day, while on the weekends (Saturday-Sunday), the business is open for a full nine hour day. The school is located in a busy, central location in Queens, and operates a van that picks up children from three neighboring schools, which are all in a 15 minute vicinity. Currently, the business is registered as a music school but a motivated buyer can obtain an after school license which would exponentially expand the potential of the school.
Inventory: $ 7,000
Reason for Sale: Seller is moving.
Training & Support: Will provide as necessary.
Year Established: 2009
Employees: 3 Full Time, 10 Part Time
Absentee Owner: No
Lease Option: 5 years + 5 year option
Monthly Rent: $ 4,500
Square Footage: 2,000
Facilities:
The music school has two floors that are each 1,000 square feet. On the street level floor, there is a receptionist counter, piano, and seats for guests. The first floor also has 9 acoustic cubicles for individual lessons. The second floor contains 3 classrooms; 1st and 3rd room can hold up to 12 students and the 2nd room can hold up to 8 students. The school owns a van.
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