Profitable Music School for Busy Professionals

Manhattan, NY (New York County) (Relocatable)

Learn to Play the Guitar
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Asking Price: $75,000

Cash Flow: $12,500

Gross Revenue: $73,150

EBITDA: $12,500

FF&E: $3,000

Inventory: N/A

Rent: $1,438 /Month

Established: 2011

Profitable Music School for Busy Professionals

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Business Description

Music school catering to busy adults in midtown Manhattan. Lessons are taught in a low-stress format, meeting once a week for a half-hour or full-hour lesson, and follow a program developed by Guitar Cities based on their experiences as instructors and their careers as touring and recording professionals. Lessons are catered to the individual needs and goals of every individual student. Students also have the opportunity to apply their instruction by writing and recording their own songs on professional studio equipment.

Detailed Information

Location:
Manhattan, NY
Real Estate:
Leased
Building SF:
120
Lease Expiration:
5/31/2020
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Leased space in an office building on a busy street in the Financial District
Competition:
Unique and profitable music school catering to busy professionals in midtown Manhattan. A great location with low overhead with access to a million people, this exceptional opportunity has all the infrastructure and musical talent in place for continued growth and profit. The business includes an online scheduling website and payment system; instruments and recording equipment; back office support personnel; and a client database with hundreds of names. The school has been in business for over 8 years and has had the same professional musical instructors the entire time. The instructors are paid a percentage of the fee charged to the customer so there are no wasted direct labor costs.
Growth & Expansion:
Low overhead in a busy section of midtown Manhattan. Instructor musicians are paid a percentage of the fee charged to the customer. Scheduling a session is automated and so is payments. The school is operating at less than half capacity and has room for growth.
Support & Training:
Owner will provide training and support as part of the sale
Reason for Selling:
Owner wants to focus on hometown business
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Carl Knickerbocker

Business Listed By:
Carl Knickerbocker

ECA Business Alliance LLC

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