Singapore  Singapore

Sell a Business

Listing ID: 625 Last Refreshed: 26/05/2019 Total Views: 12949

Specialist Music Tuition Business

Singapore

Asking Price: S$200K - 500K
  • Premise Type N/A Premise Size 900sqft
  • Monthly Rental S$3,140 Rental Desposit S$6,200
  • Revenue S$20,000 Cash Flow S$270,000
  • Gross Profit S$6,000 Net Profit S$6,000
  • Stock N/A Liability S$0
  • Payable S$0 Receivable N/A
  • FFE N/A Established 2010
  • Owner Role Full Time Staff 2
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Monthly average
  • ***Not inlcude in the selling price
Glen Dogan

Reason For Sale

Reluctant sale

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 Operation

Monday to Saturday 10am till 8pm
Business Hour
4 fitted out music rooms with all equipment Fitted out office including accounting and booking system Installed CCTV
Facilities
No direct competition due to our specialised offering
Competition
Scale to accomodate additional teachers which will further increase revenue
Expansion Potential
Yes
Supporting and Training
Sound people and management skills along with an love an understanding for music
Background & Skills

Property Information

Rent
Premise Status
Yes, it can relocate to other place
Relocatable

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