Description

Low Rent for Large Space for Many ClassesOwner 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: $150,000Gross Sale: $500,000Cash Flow: $100,000