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Profitable and Growing Music School – Southwest Michigan
SOLD – We live in an era where music is everywhere, and interest in it is at an all-time high. Families need alternatives for music education, especially as public programs have dwindled. This very profitable school is the perfect opportunity where creativity and fun have been blended with a solid plan and has created a growing and sustainable business model.
This business offers a unique place to not just learn music, but to be seen, be supported, and to connect with others. Here, you’ll find a vibrant community of people supporting each other to develop and express their individual creativity for the sake of being more alive. Working with students from 4 – adult, from beginner to advanced, with primary focus on piano, guitar, voice, songwriting, drums, bass, ukulele and ensemble-based performance classes.
Facilities:
Centralized location serving a large population base
Space has 8 teaching studios, office space, an inviting waiting area and its own bathroom facilities
Real Estate / Lease Terms:
Location is Leased – ask for details
Growth Opportunity:
Expanding online lessons currently being offered
There have been talks to serve local public schools this could be a huge area of expansion and scale
Additional revenue streams in equipment sales and service within the music community
Competition:
There are schools in the area, focused on classical and band/orchestra training, this business has offerings in contemporary/pop/jazz styles as well as those
Online education programs are seen as competition but these programs have helped create more opportunities
Support & Training:
Owners and full-time school manager will be available to train the incoming owner and provide a smooth transition
Owners have access to two performing arts school business coaching programs that have been very helpful
Reason for Selling:
Owner has relocated and wants to find the right person to continue to grow and support the local music community
Listing ID:
MSS-23015315-92
Gross Revenue:
$398,768
FF&E:
$25,000 (included)
Location:
Southwest Michigan
Cash Flow:
$64,815
Established:
2018
Type of Business:
Service, Music School
Asking Price:
$125,000
Employees:
1 F/T 13 P/T
