Business for Sale

Music Lessons / Instruction; World Class Instructors

BizEx1132-EM

Background

General Location:LA Beach Community, CA
Category: Other Personal Services
Entertainment
Years in Business:13
Under Present Owner:13
Hours of Operation:Varies
Owner Hours:Varies
Training:2 weeks @ 30 hours
Organization Type:C-Corp
Lease Expiration:Month to Month
Lease Options:Buyer to negotiate a new Lease
Building Size:1,500
Employees:3
Reason for Sale:Other Interests

Financials

Asking Price:$700,000
Down Payment:Negotiable
Gross Sales:$300,000
Discretionary Cash Flow:$125,000
FF&E:$40,000
Inventory Included?Yes
Inventory:$5,000
Min. Operating Capital:$25,000
Real Estate Available?No
Rent:$6,238
Payroll:$605
Financing:Buyer

2017 YTD (Oct 31) 2016 2015
Gross Sales $ 241,288 $ 263,120 $ 282,877
Gross Profit $ 225,948 $ 245,487 $ 246,573
Disc. Earnings $ 106,000 $ 100,000 $ 95,000

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Eric Mellem
Business Broker/ M&A Advisor
4551 Glencoe Ave. #210
Marina del Rey, CA 90292
Office: (310) 882-2200 ext 146
Direct: (310) 293-6414
Lic#: 01220802