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Music Education Company For Sale - Home Based With Potential
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $449966
Net Profit / Cash Flow $209100
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1997
Number of Employees 20 - 34
Inventory 10000
Relocatable No
Number of Employees 20 - 34
Real Estate Owned
Training 2 weeks at 20 hours/week
Reason for Sale Personal
Description This home based music education company, which outsources music education for private schools while also offering private instruction, has been extraordinarily well received by its clients due to its creative and original instruction program coupled with the stellar success its achieved. The program replaces schools traditional music education programs and creates a win-win situation for it and its clients as the company prospers by having more children benefit from its innovate teaching methodology, while the school is able to focus on its traditional education curriculum.
Asking Price $470,000.
The business used to be run out of a small office, but has been home based without issue for over two years. The sale comes with a small amount of equipment including some instruments used in instruction or that are sold to students. The firm works with approximately 10 schools, each with a one year contract that is paid in advance. It employs roughly 20 independent contractors, many of whom have been with the firm for nearly 10 years, and should transition in the sale.
Each school's traditional in-house music program is the firm's primary competition, while there are a few alternative options that may be viewed as either competitors or more likely, complementary firms that can work together in different aspect of music education.
As this business's success is not predicated on the owner being either a musician or a teacher, and because the current owner has an alternate career, has not been focused on growth but rather has concentrated his efforts on program development, and because he is a teacher rather than a savvy businessman, there are several opportunities for expansion. New owners may seek to aggressively roll-out the proven existing model to more schools throughout the area or in much larger areas.
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