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Music School – Queens

Price: $150,000

Location: Queens, New York

Industry: Education and Children

Listing ID: 00026

This music school has great potential for growth! During the weekdays (Monday-Friday), the school operates for an hour a day, while on the weekends (Saturday-Sunday), the business is open for a full nine hour day. The school is located in a busy, central location in Queens, and operates a van that picks up children from three neighboring schools, which are all in a 15 minute vicinity. Currently, the business is registered as a music school but a motivated buyer can obtain an after school license which would exponentially expand the potential of the school.

Listing Details

Gross Revenue: $230,000

Cash Flow: $70,000

Inventory: $7,000

Training & Support:

Will provide as necessary.

Operation

Year Established: 2009

Employees: 3 Full Time, 10 Part Time

Location

Lease Option: 5 years + 5 year option

Monthly Rent: $ 4,500

Square Footage: 2000

Facilities Information:

The music school has two floors that are each 1,000 sq. ft. On the street level floor, there is a receptionist counter, piano, and seats for guests. The first floor also has 9 acoustic cubicles for individual lessons. The second floor contains 3 classrooms; 1st and 3rd room can hold up to 12 students and the 2nd room can hold up to 8 students. The school owns a van.