68/009 Music Tuition School - Respected Brand
Turnover $255,000 P/a
SAV: $ 28,000
Price: $295,000 + SAV
- Established 1996 and with current owner since 2013.
- Specialising in music tuition for all ages
- 80% growth in student numbers over 3 years
- Good student retention rate.
- Well respected brand for 20 years
- Stable local source of casual dedicated staff
- Room for growth in current location
- Growth potential for developing classes which provide higher return than private tuition
- Can be run under management
- Attractive Lease Terms with space available next door
Located in an inner city suburb, adjacent to two busy supermarkets with corresponding high foot and vehicular traffic volumes, this business is the ideal opportunity for a buyer with a passion for music and education. Future development planned in this growth area which will be just across the road.
With it’s prime location this business is able to target, the high growth young family market which also holds enormous growth potential.
With a strong focus on developing a sound CRM strategy with an extensive database combined with the recruitment of a dedicated tem of casual teaching staff, this business has developed a strong incentive program that has resulted in a cohesive combination of management and tutors who work extremely well promoting and building the business.
Current owners are seeking to relocate to a larger school in another location. Current admin staff would continue and the vendor would be prepared to assist a new owner to settle in on a paid part time basis (by negotiation)