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Turn Key Music School, Near Vancouver, BC For Sale

Port Coquitlam, British Columbia, Canada
Asking Price:
$122,500 (CAD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$250,000 (CAD)
Cash Flow:
$50K - $100K (CAD)

Successful music school located 35 minutes drive outside of Vancouver, BC in a growing family community.
Amazing opportunity to be apart of a school of 16 faculty members, administrative staff, and a high volume of registered students with a variety of instruments. So much potential to grow more instrument options and a possible 2nd location, if desired, in the near future.
Only selling due to moving out of country. Had a professional assessment completed February 2020, as well as 3 years of solid incorporated financials (2019-2022) Available now.

5 spacious and bright music studios with an outdoor wrap around deck. Everything included. Truly turn key operation: Well maintained and excellent condition grand (3) & upright pianos (3), music equipment, furniture, computer, photocopiers, art, music books, and much more.

Ideal for a music teacher & administrative team (husband and wife team!)

Quick possession possible.

For more information, please contact us by using the form below.

Property Information

Real Estate:

Lease

Lease Terms:

About to sign a 3 year term.

Leasehold Rent:

$32,500 (CAD) per annum

Living Accommodation:

No, this place does not offer a living arrangement. The outdoor wrap around deck is great for summer barbecues and having family and friends over to watch the annual bike race or car show. Right in the heart of it!

Location:

On the main downtown street in Port Coquitlam

Premises Details:

Large 1500 square foot unit on 2nd floor.
Very reasonable lease and very well managed.

Size in square feet:
1500 thereabouts
Planning Consent:

This school was renovated when we first came in, adding new walls, sound insulations, 3 added music studios. It does not require any further renovations. We have our own bathroom that has been nicely updated and new flooring.

Business Operation

Expansion Potential:

This music school has so much potential. It is at the perfect stage to be taken to the next level. Please inquire.

Competition / Market:

There are no music schools in this downtown area

Reasons for selling:

Owner moving to another country with their family.

Trading hours:

Mon-fri 2pm-9pm
Sat 9am-4pm
Sun 12-6

Employees:
18
Years established:
8

Other Information

Support & training:

Could offer my piano teaching services and support in the first initial year.

Furniture / Fixtures value:
$3,000 (CAD) - included in the asking price
Inventory / Stock value:
$40,000 (CAD) - included in the asking price
Website:
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