Music Lesson Store

Chandler, AZ (Maricopa County)

Music Lesson Store
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Asking Price: $140,000

Cash Flow: $80,000

Gross Revenue: $152,000

EBITDA: N/A

FF&E: $18,000

Inventory: $20,000

Rent: $3,091.35 /Month

Established: 2015

Music Lesson Store

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Business Description

Guitar Shop with music lessons and supplies

This is a still growing business. Almost 4 years in current location with many loyal customers. We have 5 lesson rooms that give private instruction to students of all ages. We offer the supplies needed to learn and have a 5 star rating on many social media sites.

We have many top brands in stock for the already performing musician as well as the usual needs of any performer or student.

We are currently grossing $13500 to $170,000 per year with little advertising. The lesson rooms at full capacity would gross $539,500 not including inside sales. We have online stores as well that bring in out of state sales too.

Detailed Information

Location:
Chandler, AZ
Inventory:
Included in asking price
Real Estate:
Leased
Building SF:
1,671
Lease Expiration:
4/30/2021
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This store is on a lease at current location with 1 yrs 10 months remaining on lease. It is almost 1700 sq ft of space located next to a major grocery store and dance studio for kids. It includes lots of inventory as well as the software that runs the inventory and lesson business that is repeat business weekly. Has display cases and wall displays and building signs on both sides of the building and computer with CC processing... Everything you need to run easily and smoothly.
Competition:
The store is between many schools and at a high traffic corner in a great part of town. We have many brands that our local competitors do not carry which helps us stand apart. Our great reputation has suppliers reaching out to us to offer new and great products and support all the time.
Growth & Expansion:
The business is still growing and capable of a lot more production with current teachers and current lesson rooms. Just adding some more advertising would have immediate impact on production. Students and lessons are what make this a turn key operation. There is even more potential as we open late on weekdays and only 5.5 hours on Fri and 4 on Sat and closed on Sunday.
Financing:
100,000 up front and payments could be negotiated for the remainder.
Support & Training:
The software purchased for the store comes with tech support for a small monthly fee. We are happy to spend a week training on all the process to keep your new business running smoothly.
Reason for Selling:
Moving
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Business Listed By:
Thomas Wray

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