1. Businesses
  2. Retail/Wholesale
  3. Maharashtra
  4. Mumbai
  5. SL008447
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Western Music Academy in Mumbai wants to sell Business

Listing ID: SL008447
Posted By: Owner
Last Active: 1+ year ago
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About Business

We teach Musical Instruments & Singing.,br> We teach Guitar, Key Board, Drums, Western vocals. We follow Trinity curriculum from London & make students ready for International Trinity examination.

Clientele type

All age group & gender who are interested in music and are 5+ years.

Premises

We are at Rental Property of 200 sq Feet in Mumbai.

Asking Price Includes

Goodwill of 5 years of Jazzbay + Database of 1000+ inquiries, Database of all students till date, approx 150, + Musical Instruments worth Rs. 1,50,000/- + Jazzbay Faculty database, + Website worth Rs.1,00,000/ + Rental premises which will keep constant rent for next 2 years.

Reason

As we have jumped into new venture in Real Estate & Co-Working space with our existing Technology business, we are not getting enough time

More Details

We are 4 people team. We have not expanded this business as this is not our main Business. We are not getting enough time to expand this. Right now we have 45 students learning different instruments from professional faculties. The buyer can easily make students number to 100+ in my academy with proper marketing. Buyer can go for music education in schools, societies, lifestyle residence other locations in Mumbai. Also, he can start a franchise model across the country. Right now as we have International boards & national Boards in school who are teaching western music, all kids & parents are interested in learning western music & having Intl certification. We are affiliated with Furtados School Of Music where our students give exams for Trinity.

Keywords

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Business Tags

can be started immediately Good customer base Good Location Low Investment Strong goodwill training academy Website

₹10 to ₹200 Cr

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To connect with the owner of this Well established Western Music Academy in prime location in Mumbai wants to sell business with all instruments and other tools:
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Before buying a Well established Western Music Academy in prime location in Mumbai wants to sell business with all instruments and other tools, check:
  • Growth prospects of the industry and business
  • Sales, profitability, and cash flow of the business should be considered
  • Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
  • Source of financing the purchase
  • Amount of additional investment that will be required to grow business
  • Does the business have a second-line of management?
  • Are you going to run the business on a day-to-day basis or appoint some professional for the same?
  • What decisions are to be taken to improve the profitability of the business?
  • Time period of payback or return is envisaged from the business?
  • Any long-term strategic benefit or synergy with your existing business?
    • Will the clients continue with the business after the acquisition?

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  • Support during handover
  • Final consideration based on due diligence

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