SOLD – Contemporary Music School – North Canberra, ACT 

Description

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