Listing Id: 18004
Total Views: 2273
(Sold) Successful Music School With 400 Students
Central Area
Date Closed: 05/08/2020
Asking Price: > S$5M
- Overview
- Reason For Sale
- Description
- Property Information
Overview
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Premise Type
Shopping Mall
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Premise Size
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Monthly Rental
N/A
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Rental Desposit
N/A
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Revenue
S$500K-1M
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Liability
N/A
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Gross Profit
S$500K-1M
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Net Profit
S$200K - 500K
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Stock
N/A
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FFE
N/A
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Payable
N/A
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Receivable
N/A
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Owner Role
Full Time
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Staff
N/A
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Established
N/A
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Source
Broker
Reason For Sale
The owners wish to retire.
Description
About
The school recognizes that students have their own uniqueness and own preferences. This is the school’s driving force to offer one of the best teaching methods and one of the widest range of pieces that every student can find around.
Business
The core stream of income of the school would be the graded courses in the area of violin, piano, guitar, drums, keyboard, and more. The second stream of income would be arranging public performance for students in Singapore and overseas. In addition, the school also organizes concerts in renown concert halls in Singapore. A good stream of passive income would be classroom rental during off-peak hours to students to practice or take exams.
Location
The school is strategically located within a shopping mall in the Central Region of Singapore. The shopping mall is a mixed-used development situated directly above the MRT station.
The School
The school is nicely renovated and follows a constant yearly maintenance and upgrading work to ensure a conducive environment for every student.
Reason for Selling
The owners wish to retire. However, the owners will ensure proper takeover will take place and are willing to be an adviser for the new owner or whoever will take over.
Email
info@hnsbusiness.com
Call Us
Call & Text: 9753 4609
Office: 6515 7078
Singapore