Businesses For Sale in SingaporeSingapore

Listing ID: 625
Total Viewed: 10418
Last Refreshed: 09/02/2017

Specialist Music Tuition Business (Sold)

Singapore

Asking Price : SGD200K - 500K

Revenue: SGD20,000

Cash Flow: SGD270,000

Payable: SGD0***

Established: 2010

Gross Profit: SGD6,000

Inventory: Not Disclosed

Receivable: Not Disclosed

Owner Role: Full Time

Net Profit: SGD6,000

Liability: SGD0***

FFE: Not Disclosed

Staff: 3

* Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average

***NOT included in asking price

Reason To Sell
Reluctant sale
Business Description

We are reluctantly selling our successful specialist Music Tuition business.We have been operating successfully since 2010.


The business is in a central location and employs 3 full time dedicated staff who oversee the lessons of some 110 students.


We have automated the business which allows for the daily management to occur remotely and have documented our tailored lesson plans.


There is huge potential to grow this business even further and a number of strategies can be discussed with the new owners.


The existing owners could also provide on-going support via a licencing fee - to assist with on-going training and development of the staff.

Business Operations
Business Hour:
Monday to Saturday 10am till 8pm
Preferred Skills:
Sound people and management skills along with an love an understanding for music
Supporting and Training:
Yes
Staff:
2 Local, 1 Part Time
Property Information
Premise Status:
Rent
Premise Size:
900sqft
Rental Fee:
SGD3,140
Rental Deposit:
SGD6,200 (NOT included in selling price)
Relocatable:
Yes, it can relocate to other place
Other Information
Facilities:
4 fitted out music rooms with all equipment Fitted out office including accounting and booking system Installed CCTV
Competition:
No direct competition due to our specialised offering
Expansion Potential:
Scale to accomodate additional teachers which will further increase revenue

All the information in this listing has been provided by the business seller or representative. Our platfrom is not responsible for the accuracy of the information.

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