Sold - Contemporary Music School – North Canberra, Act

Business ID: BS153662

Turnover: $650k - No Competitors in Area - Ready for Growth

With a high demand for lessons – and running with full classes - this contemporary music school is ripe for expansion and growth.

If the current owner didn’t have a young family, she would be jumping in to expand to more locations in North Canberra and Gungahlin as demand for modern music lessons soars.

With a tight-knit team ready for more work, there is also a huge opportunity to target daytime primary schools in North Canberra.

Business Highlights:

- After-school private & group music lessons for kids & adults

- High demand for lessons with its modern music niche in the market

- The business has experienced constant growth through the pandemic

- Specializes in contemporary music skills to prepare students for the music industry

- 250 private lesson students per week + 150 group music students

- All lessons are paid monthly in advance by direct debit payments

- Well-known in the local community – excellent brand name

- No competitors in the area - charging more than average in Canberra - still room for price increase

- Premises: 150 sqm - top floor of a commercial retail building in very convenient Dickson Shops

- 7 beautiful small teaching rooms, 2 group teaching rooms, waiting room, staff room/kitchenette

- Assets - $100k - musical instruments, equipment, office furniture, fit-out and soundproofing all included

- An inspiring team of teachers - and a point of difference ethos

It’s time for the owner to focus on other priorities! So, if you want to grow a business and are passionate about music, make your move today!

Price: $200,000 Negotiable

Property Code: 3360