Profitable Music School for Sale in Queens

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Great business!
Asking Price:
$150,000

Gross Revenue:
$500,000
Cash Flow:
$100,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Low Rent for Large Space for Many Classes

Owner Retiring! Great Buying Opportunity.

This is a long established turn-key business with great reputation located in the heart of Queens in approximately 3,500 sq. ft. of prime retail space. Generations of children and adults have benefited from learning to play the piano and string instruments along with voice lessons from highly accomplished music teachers. After 25-years of running the business successfully, the current owner is looking to retire. Owner now runs the business semi-absentee with his weekly commitment of only 15-hours. There are currently nearly 500 students enrolled in the various music programs.

The business is profitable and can be even more profitable with the new owner providing inspiration to students as well as marketing of additional complementary broad range of educational programs that are in high demand, such as, dance, art classes, academic tutoring in Math, English, test prep for all levels, Summer Programs, STEM learning, etc. There is a huge potential to take advantage of the fully built-out and beautifully set-up operation with many classrooms for individualized as well as group sessions.

The business grosses annual revenues of approximately $500,000 with a cash flow of about $100,000. The rent for the busy commercial location is under $5,000 per month with the lease expiring in 2024.
The new buyer as an owner-operator can fully take advantage of higher profits and multifold business potential from the current levels.

Asking Price: $150,000
Gross Sale: $500,000
Cash Flow: $100,000

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Listing Info

ID:
1452501
Ad Detail Views:
1906

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Business Listed by

Dave Nagar

CEO Business Brokers Inc.

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U.S. Census Data for Queens, NY
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Source: Decennial Census (2010), United States Census Bureau.

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Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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