Established Classical Art Academy #000324

Dallas, TX (Dallas County)

Established Classical Art Academy #000324

Asking Price:$595,000

Cash Flow:$254,371

Gross Revenue:$325,488

EBITDA:N/A

FF&E:$5,000

Inventory:$1,000

Rate/Sq. Ft.:N/A

Established:1993

Established Classical Art Academy #000324

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Business Description

Over 2 decade established professional Art Academy providing fantastic art portfolio program is available for acquisition. Established & acquired in early 1990's by the current owner of the business which was later relocated in 2006 towards North Dallas. No direct competition in the immediate market area, but few art schools are nearby that focus on art classes for fun/hobby purposes while this art academy is focused on providing a great art portfolio for students going to college. Large portion of the customer base consists of middle school and high school students since this business provides these students with great portfolios to transfer into a good art college/university. Sales were $300,000 - $320,000/year from 2013 to 2015 and have shown a steady increase as the area becomes more populated by middle class citizens. The best source for marketing this business in the current situation is word of mouth and referrals since parents in the local area have been using this business for their children from 2 decades ago. Fund-raising is an excellent source of marketing that is also done to reach out to many various private schools nearby and the students who attend these private schools see this art academy as good source of resume material for college application. Operation hours are 24 hours each week and extension of operation time through morning classes will benefit this business greatly including the added benefit of local marketing. Each program varies in term length (3 months, 6 months, and 12 months) and degree of course work difficulty (1 - 4 levels) that is customized to each student’s strengths & weaknesses. This art academy differs from other art studios which focus on casual art lessons while this academy focuses on creating a solid foundation for aspiring art students.
For more info, please call Moon Kim at 1-866-519-2421.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Leased
Building Sq. Ft.:
N/A
Lease Expiration:
N/A
Employees:
3PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Located in a 1,500 SF prime spot of North Dallas next to an extremely busy intersection with varieties of businesses. All equipment is in impeccable condition and in working order.
Competition:
No direct competition is within the immediate market area that provides a great art portfolio program, but few art schools exist nearby that is primarily for fun and hobby purposes.
Growth & Expansion:
The main source of marketing this business receives is from fund-raising from private schools and word-of-mouth/referrals as this business has been open for 2 decades.
Financing:
100% down at the time of closing or 30% Cash Down with SBA Financing for Qualified Bu
Support & Training:
Owner will provide training during a 4 week period for a smooth transition into the business.
Reason for Selling:
Retirement & Relocation

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V-AID Group, Inc.

Business Listed By:
V-AID Group, Inc.

www.v-aidgroup.com

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Certified Business Intermediary (CBI) is a professional certification awarded to Business Brokers and Intermediaries that have achieved stringent requirements. CBI's work by an ethical code of conduct when working with business owners and buyers.

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