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5-star, Well-established, Well-equipped Music School In Western Suburbs For Sale

Peppermint Grove, Western Australia, Australia
Asking Price:
$250,000 (AUD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
On request
Cash Flow:
Not applicable

8 years in operation, established by a UWA lecturer of music with multiple teaching awards and AMEB examiner with multiple degrees in education and music; 180+ students; currently teaching piano, violin, & guitar; flawless Google reviews; 8-12 staff.

  • Unique staff recruitment system that led to a commission to write a course on TopMusicCo.
  • Unique early Years program with registered trademarks that led to an interview on the Integrated Music Teaching Podcast.
  • Business name registered trademark.
  • Online course platform for staff development, includes several evidencebased practices to improve student learning and behaviour management.
  • 7 pianos (6 Yamaha U3s)

Property Information

Real Estate:

Lease

Lease Terms:

Two years left.

Leasehold Rent:

$52,000 (AUD) per annum

Location:

Located in Cottesloe Central Shopping Centre in the affluent suburb of Peppermint Grove.

Premises Details:

Abundance of free parking; other tenants include Woolworths, other educational services, a dance school, and a medical centre.

Size in square feet:
170sqm

Business Operation

Management type:
This business is owner operated.
Expansion Potential:

Two years left on the lease; opportunities to move within the centre or relocate, or establish a second location. Lots of potential to add a regular group program to increase profits enormously.

Competition / Market:

No commercial competition in the area. In fact, two previous competitors approached Advantage Music Academy for a buy-out but they were declined and ultimately shutdown.

Reasons for selling:

Business has become non-core for owner.

Trading hours:

Mon-Sat

Employees:
8-12
Years established:
8

Other Information

Support & training:

Support and training for a buyer can be provided on request and negotiated.

Furniture / Fixtures value:
$10,000 (AUD) - included in the asking price
Inventory / Stock value:
$40,000 (AUD) - included in the asking price
Relocatable:
This business can be relocated