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Premiere Music Education Studio
Location: United States -> Texas
Industry: Retail > Other Retail




Business Summary

This studio opened in 2015, and is located in an upscale retail center in southwest Houston. The concept was developed for musicians, by musicians, and is not your typical music education in the back of a music store or in your home. This business focuses on learning, practicing, and performing! Services include private and group music lessons, early childhood music, performance opportunities, songwriting, band formation and mentoring, classical and modern, recording classes, at home lessons, lesson programs for schools and daycares, and online Skype lessons. Programs available include piano, guitar, voice, violin, drums, bass, strings, brass, woodwinds, and others.

The state-of-the-art facility is approximately 2,500 square feet and includes an attractive and modern buildout with soundproofed rooms and related technology such as flat-screen monitors, Apple computers, PA systems, amplifiers, and recording software.

The business has grown over the last four years. There are 2 employees and 12 independent contractors (instructors). Sales in 2018 were $365,170 with $68,277 in seller's discretionary earnings. The listing price includes FF&E of $20,000 and Leasehold Improvements of $200,000. The owner will offer seller financing to a qualified buyer. The owner is absentee and wants to focus on his other businesses.

This business would be ideal for an owner/operator who is looking for a profitable business and has a passion for music.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $365,170
Cash Flow:   $68,277
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $220,000
Seller Financing:  Yes

About The Business

Year Established:  2018
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Management Training and Support:  2 weeks
Reason For Selling:  other interests

Photos

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Premiere Music Education Studio Photo 1




Print Listing Id: 700331244
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Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



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