This fantastic musical school was started 17 years ago by the current owner and is now for sale for the first time! It is located in the greater Denver metropolitan area where it draws both it's students and its instructors from. The school offers private music lessons for all ages and levels in piano, guitar, violin, drums, voice, and band / orchestra instruments. All instructors are experienced and highly qualified musicians with years of professional experience in both music education and performance.
The buyer will need to re-locate the school to a new location as the current premises are no longer available
The school has averaged $158,000 in annual revenue since 2019 and Sellers Discretionary Earnings were $47,591 over the same period. 2023 results were very much in line with the 5-year averages.
Lesson rate increases were put in place in August 2023 which will be appealing to the right buyer who will then be under less pressure to do so immediately after taking over.
Musical equipment and other miscellaneous fixed assets are included providing an excellent turn-key opportunity, with all of resources in place to ensure a smooth ownership transition.
Facilities:
The buyer will need to re-locate the school to a new location as the current premises are no longer available
Real Estate Available: Yes
Real Estate Included: No
Detailed Information:
Lender Prequalified: No
SBA Prequalified: No
Rent: $223,675.00
Market Competition: This industry is highly fragmented but the current trend of acquisitions to expand, for example, geographic territory, is expected to continue. The business for sale could be an attractive target for such an acquisition.
