Music School & Retail Store

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Background

BizEx ID:BizEx594-RD
General Location:Santa Monica, CA
Category: Miscellaneous Retail
Educational Services
Years in Business:40
Under Present Owner:40
Hours of Operation:Mon - Sat.
Owner Hours:Part-time
Training:2 weeks @ 20 hours
Organization Type:
Lease Expiration:
Lease Options:
Building Size:5,000
Employees:11
Reason for Sale:Retiring

Financials

Asking Price:$210,000
Down Payment:Negotiable
Gross Sales:$1,163,218
Discretionary Cash Flow:$102,774
FF&E:
Inventory Included?
Inventory:$200,000
Min. Operating Capital:
Real Estate Available?No
Rent:$15,000
Financing:Call

*July 2012- April 2013 2011-2012 2010-2011
Gross Sales $ 979,035 $ 1,163,218 $ 1,117,726
Gross Profit $ 420,596 $ 606,268 $ 594,082
Disc. Earnings $ 94,908 $ 102,774 $ 76,618




Robert Dean
Business Broker
4551 Glencoe Ave., suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 122
Direct: (310) 793-6757
Lic#: 01720308




Stuart Gross
Business Broker / M&A Advisor
4551 Glencoe Ave., Suite 210
Marina Del Rey, CA 90292
Office: (310) 882-2200 ext 118
Direct: (310) 924-5384
Lic#: 01860825

Logos Member of the California Association of Business Brokers Member of the International Business Brokers Association Member of the M&A Source Holder of the Merger & Acquisition Master Intermediary designation, M&A Source's highest qualification Holder of the Certified Business Intermediary designation, IBBA's highest qualification Holder of the Certified M&A Professional designation from Coles College Trained by the National Association of Certified Valuators and Analysts to conduct business valuations