Premiere Music Education Studio
www.GlobalBX.com
Listing ID:
700331244
Listing Title:
Premiere Music Education Studio
Quick Link:
http://www.globalbx.com/listing.asp?bId=331244
Industry:
Retail
Industry Segment:
Other Retail
Country:
United States
State / Province:
Texas
Area
City:
Asking Price Range:
< $250K
Gross Revenues:
$365,170
Cash Flow:
$68,277
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2018
Number of Employees:
10 - 19
Business Description:
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.
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