Renown Music School

Business Overview:

This is a unique opportunity to acquire one of the premier family-owned and operated private music lesson schools in Colorado. In business for over 25 years, this storied institution provides private and group music lessons in a variety of formats including in-studio, in-home, online and partner locations. Additionally, the Company generates revenues by providing seasonal camps as well as selling and renting musical instruments. Current enrollment is at an all-time high. This is a turnkey business. Personnel are carefully vetted through an extensive interview process based on numerous criteria including 1) minimum two years prior musical teaching experience; 2) proven teaching and interpersonal skills; 3) excellent technical instrument skills; 4) college degree; 5) in-depth background check; 6) ability to remain with the Company for a minimum of two years; and 7) favorable reference endorsements. The Company focuses on in-person learning techniques. Lessons are available for a variety of instruments including piano, violin, viola, acoustic guitar, electric guitar, cello, saxophone, flute, clarinet, oboe, bassoon, mandolin, drums, trumpet, and voice. Lessons are provided in different formats including private, group and seasonal camps. This is not a franchise business. The Company has provided over 200,000 music lessons since its inception. Students range in age from early childhood (ages 1-5), children (ages 6-12), teens (ages 13-19), adults (ages 20-59) and seniors (ages 60 and up). Musical styles include classical, jazz, pop, and rock. Since all lessons are paid in advance, there are no accounts receivable and collections issues. The Company has 25 skilled independent contractor teachers available for instruction. With the shift of music education from schools to the private sector and the reduction of funding for art-based programs, the Company’s future is excellent.

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Market Competition and Expansion:

The outlook for the Company is strong, stable and sustainable. With over 27 years of hard work and dedication spent in building an outstanding name and reputation, the Company is well-positioned for future success. Current business trends are on the rise with an increase of subscriptions in 2024 of 7% over the previous year.

Growth can be realized in all aspects of the business. The industry continues to be healthy, and a motivated new owner could utilize a variety of methods to grow the Company’s revenues.

Reason for Selling:

Additional Details:

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