Music Lessons / Instruction; World Class Instructors
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This listing is: Off Market
Background
| BizEx ID: | BizEx1132-EM |
|---|---|
| General Location: | LA Beach Community, CA |
| Category: |
Other Personal Services Entertainment |
| Years in Business: | 13 |
| Under Present Owner: | 13 |
| Hours of Operation: | Varies |
| Owner Hours: | Varies |
| Training: | 2 weeks @ 30 hours |
| Organization Type: | C-Corp |
| Lease Expiration: | Month to Month |
| Lease Options: | Buyer to negotiate a new Lease |
| Building Size: | 1,500 |
| Employees: | 3 |
| Reason for Sale: | Other Interests |
Financials
| Asking Price: | $700,000 |
|---|---|
| Down Payment: | Negotiable |
| Gross Sales: | $300,000 |
| Discretionary Cash Flow: | $125,000 |
| FF&E: | $40,000 |
| Inventory Included? | Yes |
| Inventory: | $5,000 |
| Min. Operating Capital: | $25,000 |
| Real Estate Available? | No |
| Rent: | $6,238 |
| Payroll: | $605 |
| Financing: | Buyer |
| 2017 YTD (Oct 31) | 2016 | 2015 | |
|---|---|---|---|
| Gross Sales | $ 241,288 | $ 263,120 | $ 282,877 |
| Gross Profit | $ 225,948 | $ 245,487 | $ 246,573 |
| Disc. Earnings | $ 106,000 | $ 100,000 | $ 95,000 |
