SOLD - Contemporary Music School – North Canberra, ACT

Business ID: BS153662

Turnover: $650k - No Competitors in Area - Ready for Growth

With a high demand for lessons – and running with full classes - this contemporary music school is ripe for expansion and growth.

If the current owner didn’t have a young family, she would be jumping in to expand to more locations in North Canberra and Gungahlin as demand for modern music lessons soars.

With a tight-knit team ready for more work, there is also a huge opportunity to target daytime primary schools in North Canberra.

Business Highlights:

   -  After-school private & group music lessons for kids & adults

   -  High demand for lessons with its modern music niche in the market

   -  The business has experienced constant growth through the pandemic

   -  Specializes in contemporary music skills to prepare students for the music industry

   -  250 private lesson students per week + 150 group music students

   -  All lessons are paid monthly in advance by direct debit payments

   -  Well-known in the local community – excellent brand name

   -  No competitors in the area - charging more than average in Canberra - still room for price increase

   -  Premises: 150 sqm - top floor of a commercial retail building in very convenient Dickson Shops

   -  7 beautiful small teaching rooms, 2 group teaching rooms, waiting room, staff room/kitchenette

   -  Assets - $100k - musical instruments, equipment, office furniture, fit-out and soundproofing all included

   -  An inspiring team of teachers - and a point of difference ethos  

It’s time for the owner to focus on other priorities! So, if you want to grow a business and are passionate about music, make your move today!

Price: $200,000 Negotiable

Property Code: 3360