BUSINESS FOR SALE S-2600

MUSIC EDUCATION, LESSONS & TEACHING SCHOOL

This business provides music education (lessons) in a wide selection of instruments. The school’s instructors provide the highest quality of music education in every instrument offered. Music instructors (on average staff is between 14-18 teachers at the time) are paid on monthly basis as independent contractors based upon the total number of lesson hours they provide to all of their assigned students.

The school offers the widest selection of music lessons in the area. Music lessons include piano, keyboard, voice, singing, violin, fiddle, guitar, ukulele, drums, percussion, trumpet, flute, saxophone, oboe, clarinet, cello and viola. Lessons are offered in private and group setting, seven days a week, for any skill level (beginner to advanced) and any age (children-adults). Students enroll all year round on ongoing basis.

The business is located in a high income area of a Cincinnati.

Reason For Sale: The owner has moved out of the area and while the business has expanded and performed very well, the owner would like to see someone purchase this fast growing school and take it to the next level.

Purchase Price: The business is being offered as an asset sale, free and clear of all liabilities for $395,000.

Financial Summary:

P&L SUMMARY:9 mos 2018201720162015
Total Revenue        250,751        346,559        335,136            256,311
ACF        133,462        164,932        155,177            126,914
ACF: Net Income / Cash Flow of the business before owner salary, perks, interest & depreciation.
ASSETS INCLUDED IN PURCHASE:
Instruments, Classroom Equipment, Sheet Music (estimate)          22,000
Leasehold Improvements          15,000
Total          37,000

 

 

DETAILED OFFERING MEMORANDUM IS AVAILABLE
For Further Information Contact:
KEATE PARTNERS, LTD.
1095 Nimitzview Dr. Suite 201
Cincinnati, OH 45230
(513) 241-3700 Fax (513) 672-9386
www.keatepartners.com
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