Premiere Music Education Studio

Not Disclosed, TX
Harris County

Asking Price: Annual Revenue:
$170,000 $365,170

Retail: Non-classifiable

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RE: Premiere Music Education Studio Broker: Ron Hankamer
Owner Financing is Available!

Quick Facts

Asking Price: $170,000
Annual Revenue: $365,170
Net Profit: Not Disclosed
Cash Flow: $68,277
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: 14
BBN Listing #: 190344107
Broker Reference #: 76931-227828

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Business Overview:

This studio opened in 2015, and is located in an upscale retail center in southwest Houston. The concept was developed for musicians, by musicians, and is not your typical music education in the back of a music store or in your home. This business focuses on learning, practicing, and performing! Services include private and group music lessons, early childhood music, performance opportunities, songwriting, band formation and mentoring, classical and modern, recording classes, at home lessons, lesson programs for schools and daycares, and online Skype lessons. Programs available include piano, guitar, voice, violin, drums, bass, strings, brass, woodwinds, and others.

The state-of-the-art facility is approximately 2,500 square feet and includes an attractive and modern buildout with soundproofed rooms and related technology such as flat-screen monitors, Apple computers, PA systems, amplifiers, and recording software.

The business has grown over the last four years. There are 2 employees and 12 independent contractors (instructors). Sales in 2018 were $365,170 with $68,277 in seller's discretionary earnings. The listing price includes FF&E of $20,000 and Leasehold Improvements of $200,000. The owner will offer seller financing to a qualified buyer. The owner is absentee and wants to focus on his other businesses.

This business would be ideal for an owner/operator who is looking for a profitable business and has a passion for music.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Other interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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