Asking Price:

$470,000

Gross Income:

$449,966

Cash Flow:

$209,100

FF&E:

$10,000.00 *

Inventory:

N/A

Real Estate:

N/A

Year Established:

1997

Employees:

21

Business Types:

Educational Services
Other Personal Services

* included in the asking price

Business 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, which replaces schools traditional
music education programs, 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. The business is home based so it is easily
relocatable, and has established a highly acclaimed teaching
methodology / curriculum that can be easily replicated across
the city, region, state, etc. so the business model is highly
salable.

Detailed Information

Facilities:

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.

Competition:

Each schools 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 (at least one of which would be a direct competitor). 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 on program

Growth/Expansion:

. New owners may seek to aggressively roll-out the proven existing model to more schools throughout the area or in much larger areas (e.g. the entire city/state). They may seek to supply additional or more advanced music education offering (roughly 25% of their income is derived from private lessons), gear programs for public schools, offer courses independent of school offerings, develop complementary products that may be sold to students, classrooms or entire schools, etc.

Support/Training:

2 wks at 20 hrs/wk

Reason Selling:

Personal

Broker Information

Michael Wildeveld

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