Established Music School/Rehearsal Space 12 Years in Business. Profit!
Asking Price: | $635,000 |
Gross Revenue: | $250,000 |
Established Year: | 2012 |
Cash Flow: | $120,000 |
EBITDA: | $135,000 |
Great Neighborhood, Lots of Foot Traffic, Consistent New Clients.
Financials Available!
Village Music at 9th Avenue in the Inner Sunset Neighborhood in San Francisco is an excellent business opportunity for someone interested in owning their own successful music school. The school mainly offers piano lessons, but also guitar, ukulele, and brass instruments. Practice room rentals are also about 10-15% of gross revenue.
The business was established in 2012, and has consistently improved year after year without any real money spent on advertising. There is constant foot traffic in this busy, idyllic neighborhood full of restaurants and other small businesses. Most clients stay for a minimum of 2-3 years of weekly lessons, but many clients stay for 7+ years consistently. The business consistently attracts new clients through the website, foot traffic, and referrals. Over 75% of clients live within 1-2 miles of the school. It truly is a neighborhood business.
Currently there are five employees. Two full time, and three part time. The operator is present only 12-15 hours per week, and has run the studio remotely for months at a time.
The situation with the landlord is very solid, and the new operator would be taking over an extremely below market-rate lease. There is already an agreement in place with the landlord for the new operator to take over the same lease.
The space has three large rooms for lessons that all have quality upright pianos, and there is a fourth room that could be converted for lessons as well. There is also a large space for recitals and band rehearsals. Recitals are held at the studio, and books are also sold here, so the business is completely self-contained.
The new operator would be stepping into a very profitable and mostly hands-off situation with a lot of room to grow. The business is only at ~60% of its full capacity currently, and absolutely will continue to grow next year.
$17-25k Monthly Gross, $8-12k Monthly Net. Current operator takes away $100-120k per year currently.
Serious inquiries only, Thank You!
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