PRIMARY MUSIC INSTITUTE – Regions Available in Western Australia

$ 350,000
Asking for offers over $350k

Description

Scalable, Defensive, Strong Cashflow – Instrumental Music Programs in Primary Schools

National brand established 1995 – highly regarded by school Principals. Current owner has owned business since 2013. Due to highly successful national expansion they are offering certain regions for sale so they can focus on local geographies.

  • NO MUSIC EXPERIENCE required. Current owner has no music experience
  • Fantastic lifestyle – you decide – no weekends, no school holidays… or ramp up services to maximise profit
  • Program typically gets exclusive opportunity to offer weekly instrumental music lessons within primary schools (limited direct competition once partnering with a school)
  • Students are taught on school campus (head office operates from home)
  • Track record of expansion into hundreds of new schools – with training provided on sales methodology
  • Structured student learning program and industry leading curriculum
  • Lessons are typically paid for by parents of participating students each term
  • Tutors are employed (typically on a casual basis), limited equipment and limited fixed costs
  • Easy business to take over – professional cloud-based software systems for all back-office processes. Operations currently run under management by former music tutors. Owner in Sydney – and program will further benefit from local Perth ownership
  • Targeted buyer is a Perth based owner operator who is keen to run their local operations, sales and provide admin oversight of their tutors
  • Sale includes all currently used instrumental music equipment and brand licence agreement (for exclusive use of brand in Perth region)
  • Established in 40 Perth schools currently – with current pro forma EBIT of $117k p.a. asking for offers over $350k.
  • New WA regions also available from as little as $15k (Vendor Finance TAP)
  • Handover training and support available

Growth potential includes new schools, offering lessons for new instruments, new age groups (high schools and preschools), new formats (e.g. incursions), weekend and holiday programs.  Also, potential to expand into other services in primary schools to leverage relationships and sales “know how” e.g. languages, chess, coding/robotics, sporting activities.

 Asking for offers over $350k

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