MUSIC LEARNING CENTRE
MUSIC LEARNING CENTRE
Price: $425,000
Location: GTA
Listing ID: 20240731
Listing Status: Sold
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 all of the immediate 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.
Total Sales: $450,538
Cash Flow: $181,401
FFE Included: Yes
Reason For Sale:
Owner is retiring.
Training & Support:
Owner is willing to train a new owner - can be discussed.
Year Established: 1995
Owner Hours Per Week: Mon-Thurs 3pm-9pm, Fri 3pm-8pm, Sat 10am-2pm
Employees: 2
Monthly Rent: $2,101
Type of 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.
Square Footage: 2345
Facilities Information:
The Centre spans three units within the building, offering plenty of space for expansion and growth for an enthusiastic new owner.
Historical Summary:
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 the area 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.
Potential Growth:
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.