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Listing Id: 625 Last Refreshed: 26/05/2019 13755 Views

Specialist Music Tuition Business

Closed
Asking Price <span class='currency'>S$</span>200K - 500K
Singapore Tuition and Enrichment Centers Entertainment and Leisure Businesses
Business For Takeover
This business has been Sold

This listing is no longer accepting enquiries. Browse similar businesses currently available for sale.

Overview

Financial Performance

Monthly Figures
Revenue
S$20,000
Gross Profit
S$6,000
Net Profit
S$6,000
Monthly Rentalt
S$3,140

Business Operations & Assets

Staff
2 Employee
Year of Incorporation
2010
Owner Role
Full Time
Premise Status
Rent
Rental Deposit
S$6,200

Business Details

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.

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

Buyer Support & Terms

Support and Training

Yes

Background & Skills

Sound people and management skills along with an love an understanding for music
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