Downtown Music Studio For Sale
Location Ontario,Canada
Asking Price Range < $250K
Gross Revenues $60000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2011
Number of Employees 10 - 19
Inventory 25000
Relocatable Yes
Number of Employees 10 - 19
Real Estate Leased
Training Training provided by seller
Reason for Sale Sellers moving abroad
Description A growing music studio in a downtown Cambridge location. Location is well-known as it's held a music studio for the past 25+ yrs. Current owners took over in 2011 and updated equipment, instruments, staff, and rental space. Student body has grown from 20 to 100 students since opening.
Lessons offered in Piano, Guitar, Voice, Violin, Drums.
Teachers are all on file. Students are in place and currently enrolled. New scheduling software is running. Business systems and processes are well established and running smoothly. Business is in PROFIT. Current lease in place and good relationship with landlord.
Inventory included in the sale: high quality upright pianos (4) acoustic drum kit, electronic drum kit, digital pianos (4), Violins for student loan/rental (7), desks, chairs, office furniture, children's corner, computer, scheduling and billing software, tables, teaching materials, retail materials (books, accessories), Full PA system for recital/concert use, acoustic guitars for loan/rental. Street signs, studio flyers, promotional materials.
Updated website located in top 3 search results in google.
Asking $40,000 OBO for quick sale. Owners willing to train and assist with transition.
Reason for selling: Owners moving abroad.
Please call with serious inquiries: 226-600-7999
Click Here To Contact Seller
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