Award winning Music School provides music lessons for all instruments including piano, guitar, vocal, bass, ukulele, violin and drums. The Centre also offers the only Orff program (a child-centred way of learning) in the area called Mini Musicians, which is an age-appropriate music lesson program for 3 to 8 year olds. The Centre's teacher for the Orff program is one of the top Orff Educators in Canada, also teaching downtown at Toronto’s Royal Conservatory Orff programs.
- Asking Price:
- $425,000 (CAD) Furniture / Fixtures included
- Sales Revenue:
- $450,500 (CAD)
- Cash Flow:
- $181,400 (CAD)
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Present lease expires in 2026, and provides renewable period of further 5 years. Present monthly rent is $2,100.
- Location:
-
The Learning Centre enjoys a strategic location in the area which is home to several prominent child-focused businesses, including a Parent Child Centre, Sylvan Learning Centre, Dance District, GA Educational Books and Toys, Easy on Fourth, and Planet Laser, amongst others.
- Premises Details:
-
The Centre spans three units within the building, offering plenty of space for expansion and growth for an enthusiastic new owner.
- Size in square feet:
- 2,345
Business Operation
- Expansion Potential:
-
The current owner, who is preparing for retirement, has reduced business operations significantly, making this an excellent opportunity for a new owner to capitalize on. Summer camps were discontinued in 2020, but a new owner will likely want to reinstate them due to their potential for significant income. Currently, the Centre offers summer lessons and is open only two days a week. Reinstatement of the entire program schedule could lead to significant expansion.
- Competition / Market:
-
Owner began her Music Learning Centre in 1995 with three teachers and 30 students and the Centre now boasts hundreds of students every year and the number of teachers ranges from 18 to 25.
The front entranceway of the Centre displays the year after year awards for BEST OF as won by the Centre every year in the Reader’s Choice Awards. It also won the #1 Music School in 2019 & 2020 and has continuously won Best Of since the Reader's Choice Awards began in
2007. This establishment has proved itself as the place to go for the finest and most inexpensive music lessons for the entire family in all of the immediate area.
- Reasons for selling:
-
Owner is retiring.
- Trading hours:
-
Mon-Thurs 3pm-9pm, Fri 3pm-8pm, Sat 10am-2pm
- Employees:
- 2
- Years established:
- 29
Other Information
- Support & training:
-
Owner is willing to train a new owner - can be discussed.
- Relocatable:
- This business can be relocated.
