Listing #: 106-15040
Category: Miscellaneous
  • Listed Price $ 489,000
  • Down Payment $ 489,000
  • Gross Sales $ 373,461
  • Total Income $ 104,844
  • Equipment/Fixtures$ 70,000
  • General Location Central San Diego
For more information contact:
Todd Bell
Office: (858) 578-4111
Cell: (415) 846-7267
Office Website

Absentee - 80% Recurring Revenue - Music Studio & Instrument Rental Business

This amazing absentee owner opportunity has 80% recurring revenue!  Perfectly located in an affluent coastal community in San Diego, this thriving music studio and instrument rental complex provides premier tutoring and instruction services to the youth and adults of the Greater San Diego area. Well-established with 50+ years in business, this self-running business is turnkey and delivers a high profit margin. It has a loyal, growing customer base and partners with the Music Departments of over 12 local area schools.

Financial Information

  • Gross Sales:$373,461
  • Total Income: $104,844
  • Listed Price:$489,000
  • Down Payment $489,000

Financing:

Assets & Lease Information

  • Inventory: $100,000
  • Leasehold Improvements: $200,000
  • Equipment/ Fixtures: $70,000
  • Base Rent: $0
  • Total Rent: $10,500
  • Rent Deposit: $10,000
  • Year Established:
  • Square Feet: 5,200
  • Lease Ends: 7/2021
  • Lease Options:
  • Categories: Miscellaneous
  • Other Assets:

Additional Information

  • Full-Time Employees:0
  • Part-Time Employees: 4
  • Contract Staff: 0
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  • Training Period: 30 days
  • Special License Required:
  • Reason for Selling: Personal, family member health issue

First Choice Business Brokers

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.