Successful Music School 

About 

Founded in 2004, the school recognizes that students have their own uniqueness and own preferences. This is the school’s driving force to offer one of the best teaching methods and one of the widest range of pieces that every student can find around.

Business 

The core stream of income of the school would be the graded courses in the area of violin, piano, guitar, drums, keyboard, and more. The second stream of income would be arranging public performance for students in Singapore and overseas. In addition, the school also organizes concerts in renown concert halls in Singapore. A good stream of passive income would be classroom rental during off-peak hours to students to practice or take exams.

Number of Students 

There are currently around 350 students, with each paying an average course fee of $250/month. These students are recurring customers and stay with the school for 5 years or more.

Location 

The school is strategically located within a shopping mall in the Central Region of Singapore. The shopping mall is a mixed-used development situated directly above the MRT station. This area has a total of three primary schools, three secondary schools, and Catholic Junior College. Parents often send their kids to enrichment classes. What’s more, this is the only music school around the area.

Reason for Selling 

The owners have been dedicated in this industry for over 30 years and, now, wish to retire. However, the owners will ensure proper takeover will take place and are willing to be an adviser for the new owner or whoever will take over. 

Asking Price: View To Offer

Revenue: $1,300,000

Net Profit: $350,000

Company Type: Private Limited 

GST Registered: Yes

Years In Business: Upon Request

Owners Role: Part-Time

Location: Central

Premise Size: 1500sqft

Monthly Rental: $10,000

Rental Deposit: Upon Request 

Stock: N.A

Staff: 14

Training By Owner: Yes 

Reason For Sale: Retire