Bespoke Music Tuition Centre with Luxury Cafe Bistro
Location : North London
Asking Price : £99,999
Turnover : £167,000
Net Profit : £43,000
Gross Profit : Undeclared
EBITDA : Undeclared
Net Asset : Undeclared
Premises : Leasehold
Confidentially offered for sale
Net Profit: £43,000
Gross Profit: Undeclared
Net Assets: Undeclared
37 years established
Beautifully refurbished shop front and bistro
Turner Butler has been appointed to invite offers of purchase for the assets and goodwill of this long time established music tuition centre and luxury cafe bistro.Business Profile
This busy music centre offers tuition, piano sales, a fully equipped recording studio, music tuition rooms and a newly refurbished cafe bistro. The shop front is in an award-winning High Street position.
Customer service is paramount. This is borne out by the level of continued repeat business. Customers are afforded flexible booking options. The centre is open for eighty two hours each week.
Prominent position and very long time established.
Turnover c. £167,500
Net Profit: c £43,000
The goodwill and assets of the business are being offered for sale on a going concern basis. All financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The asking price of £99,999 is for the assets and goodwill of this sole trader. The current owner has recently spent £56,000 on the refurbishment of the bistro.
The business`s long standing reputation removes the need for advertising spend.
Significant revenue growth could be achieved by offering room hire, arranging evening events and presenting to local schools.
A new five year lease was signed on 1st April 2017.
The vendor runs the business with the help of 2 bistro staff.
The vendor purchased the business as a going concern 9 years ago. His other business interests require more time.
If you are interested in receiving further information, please sign and return the attached Confidentiality Agreement. In returning the Agreement we would be grateful if you could provide us with details of your interest in this opportunity along with your funding position.
If you are looking for finance to fund your business purchase then we recommend that you talk with our independent finance broker. Because of his many years working at a senior level for a major high street bank he has had more success with finance applications than anyone else we know. He has helped numerous purchasers of businesses that we are selling, including buyers who have been turned down by their own bank! Call us today on 0800 046 1652 or email us at firstname.lastname@example.orgTurner Butler Disclosure Statement
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