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Established Franchised Music Education School
Norh CarolinaListing DetailsOffice ID: MUSIC1
Status: Active
Listing Broker: Joe Vagnone
Listing Price: $385,000
Gross Revenue: $228,311
FF&E: $313,619
FF&E Included: Yes
Sales Structure: Asset Sale
Seller Financing: Yes
Financing/Terms:
The seller will consider some financing to the right, qualified buyer.
Absentee Owner: Yes
Reason for Sale:
Owner has health concerns.
Training:
Training and support can be provided by the on-site director.
OperationsYear Established: 2017
Form of Ownership: LLC
Employees (full-time): 1
Employees (part-time): 11
Managers: 1
Business Hours: Mon – Wed 11-8, Thu 11-9, Fri 12-7, Sat 9:30-4, Sun by Appt.
Summary
Business Description:
Named the number one franchise for Children's Enrichment Programs for 2019 by Entrepreneur Magazine, this is a fantastic opportunity to own and operate a premium, top- rated national brand in one of the fastest growing areas in the country! Located in the heart of Lake Norman, this school’s beautiful facility and prime location will save a new owner significant time, expense, and risks involved in setting up and operating a new school from scratch. Offering people of all ages exposure to music across many genres, this business provides a unique experience, offering not only individual lessons, group classes, band/ensemble participation, studio recording, seasonal camps, and parties, but creating frequent opportunities for public performance, giving students a platform to take their skills to the next level. With a gorgeous built-out, ready-to-rock-n-roll facility and transferable lease in a prime location, this turn-key business is ready for a new owner. This opportunity will not last long! Inquire today!

Historical Summary:
Current owner began in 2017, and has owned this business for over 4 years.
Owner Qualifications:
People Leadership, Budgeting and Planning, Human Resources, Strategic Marketing.

Competition:
With many competitors in the market area, this business competes on the basis of service, experience and quality.
Potential Growth:
There is huge potential growth with this business.
LocationType of Location: Strip Center
Lease Expires: Jan 31, 2028
Monthly Rent: $7,020
Square Footage: 3181
Facilities:

This business is located in the heart of the Lake Norman area, one of the fastest-growing areas of the country. The facility is a fully built-out leased space with 3,181 square feet.


Franchise Renewal Date: Nov 27, 2026
Royalty %: 7%
Franchise Transfer Fee: $8,000
--Paid By: Buyer
Last Updated: Jan 7, 2022 / 12:40 PM
Financial Information Current As Of: Dec 1, 2021 / 7:05 AM