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Finance And Services:

Sold. Bespoke Music Tuition Centre With Luxury Cafe Bistro

LISTING DETAILS
Firms For Sale ID:
35068
Vendor reference:
CE230
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Secondary sector:
Asking price:
£99,999  
Turnover / revenue:
£167,000
Net profit / cashflow:
£43,000
Years established:
37
Number of employees:
2
Employees / staffing:
The vendor runs the business with the help of 2 bistro staff.

OTHER DETAILS
Reason for selling:
The vendor purchased the business as a going concern 9 years ago. His other business interests require more time.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Lease terms:
A new five year lease was signed on 1st April 2017.
 
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BUSINESS DESCRIPTION
Bespoke Music Tuition Centre with Luxury Cafe Bistro
Ref. CE230
Location : North London
Asking Price : 99,999
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:
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.
Key Strengths:
Prominent position and very long time established.

Expansion Potential
Significant revenue growth could be achieved by offering room hire, arranging evening events and presenting to local schools.

Market / Competition / Non-Competition Agreements
The business`s long standing reputation removes the need for advertising spend.