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CONFIDENTIAL SALE
FOR SALE
19/02/24
607012
S1679 / Rightbiz
The company trades from an impressive studio space in a demanded part of London, holding one of the best reputations in the city. Since launching in 2007, the company has grown all aspects of its trading model and now holds an impressive market share for all aspects of musical instrument tuition. The business is currently at full capacity, exceeding 400 classes per week across two premises (home visits offered separately and not included in this figure). The company works with a highly adept team of teachers across all traditional and modern instruments, where lessons are offered to all age groups and are provided on an individual and group basis. The client retention rate within the company is excellent and the accretive progression through the examination and grading process has returned high pass rates and new client referral rates over the years.
Key Highlights
The founding owner has reinvested profits whilst maintaining a positive financial model; this now presents a turnkey opportunity within an ideal trading location. The studio provides its client base instruments on a regular loan basis and also for use over specific lessons sporadically. We are advised that the instrument value alone within the company exceeds 5 figures in value. The opportunity is a credit to the owner who wishes to sell and retire from the industry.
Acquisition benefits
The school would make an excellent bolt-on to an existing training/teaching provider within the creative arts industry and retains mid-tier management. There is tangible growth potential to supplement the core offering with online course, broader teaching for complimenting practices and expanding the trading radius where there is clear organic demand in place.
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Do not share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large amount of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
Get Solicitor
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