MergerPlace

Music School in the Tri-Valley

California (Alameda)


  • Asking Price: $360,000
  • Gross Income: $372,681
  • Cash Flow: $206,906
  • Real Estate: Not Disclosed
  • Inventory: $1,120
  • FF&E: $3,126
  • Listing ID: #220101
  • Established: 2005
  • Employees: 2 FT / 4 PT

Business Description

Here is a great opportunity to own a well-established and profitable music school located in the Tri-Valley area in the San Francisco East Bay. This family owned and operated business offers music lessons in piano, voice and guitar. In addition, there is a small retail presence in selling guitars, ukuleles, accessories and lesson books. The current owner started the business over 14 years ago and is looking to retire and relocate out of the area. The business has an education focused approach to music lesson and employs degree professional music instructors. There are approximately 85-125 clients that travel up to 20-25 miles for their music instructions. The business also has a strong presence in the community working with schools and community enrichment programs.

The school operates out of a 1,357 square feet retail space and is built out with a reception area, music rooms, storage space and an office. The lease runs through April 2022 with a 5-year option available.

The business has been pre-qualified for lender financing for a buyer meeting the lender’s requirements. The seller will provide up to 4 weeks of training to help with an orderly transition of the business to the new owner.


Business Details

Primary Business Category: Services - Educational
Location: California
County: Alameda

Company Information

Year Established: 2005
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT / 4 PT

Financial Information

Asking Price: $360,000
Gross Revenue: $372,681
Cash Flow: $206,906
FF&E: $3,126
Inventory: $1,120
Seller Financing Available: No

Property Information

Facilities:

The school operates out of a 1,357 square feet retail space and is built out with a reception area, music rooms, storage space and an office. The current lease runs through April 2022 with a 5-year option available.

Growth & expansion opportunities:

There is potential for growth by increasing on-line presence via social media and hiring more instructors to increase student capacity for instructions.

Competition:

There are other music instructions offered in the community including some private lessons given out of homes. There is one main main competitor in the city. This business is education based that includes certification programs for serious students looking to continue performing at the next level in higher education.

Reason for selling:

The owner is looking to retire and relocate out of the San Francisco Bay Area.

Support & Training:

Will train for 2 weeks @ no cost The business offers music lessons in piano, voice and guitar. In addition, there is a small retail presence in selling guitars, ukuleles, accessories and lesson books.

Contact Business Seller

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Business Listed By:

George Hashimoto

Murphy Business Brokers