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Newly established Music and Academic Tuition business for sale

Bromley, Kent

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For Sale

£115,000 +SAV

Ref: B06406

Leasehold

Overview

Please quote reference B06406

Hilton Smythe are delighted to bring to the market on a leasehold basis a very well run and popular music and academic tuition business. 

Bromley Conservatoire has been under the careful and meticulous ownership of our clients for over a year now, and who have grown it significantly in this time. The business is reluctantly being introduced to the market for sale as our clients are relocating abroad in the not-too-distant future.

The business offers academic tuition in maths and English for children aged 4 to 11 years old along with preparing students for the 7+ school entrance tests and the popular 11+ grammar school exams. In addition, they offer a fantastic service for music tuition as well, covering guitar, oboe, clarinet, singing, violin/viola and piano for both adults and children of all abilities. The business has proved to be very popular with over 400 students using the facility, true testament to the quality of the tuition available in a relaxed and very well-presented environment.

Music equipment including 4 electric pianos and 4 upright pianos, office and classroom fixtures and fittings will be included in the sale, along with existing client list.

We feel there is scope to further increase the turnover for the business, by undertaking a robust marketing campaign via local press, radio, social media platforms along with further promotion of the dedicated business website.

Very rarely do such well-presented, popular businesses come to the open market, therefore early viewings are highly recommended.

Turnover
We are advised that the business generated a turnover in the region of £185,000. Full financials can be made available upon further request. 

Please quote reference B06406

We are advised that the business has 2 full-time and 10 part-time (zero hours) members of staff. 

The business hours are -

Monday – 12:00 – 19:00
Tuesday – 12:00 – 19:00
Wednesday – 12:00 – 19:00
Thursday – 12:00 – 19:00
Friday – Closed
Saturday – 09:00 – 17:00
Sunday - 09:00 - 13:00


The business is located in the busy and thriving East Street (BR1) within the popular southeast town of Bromley.

The London Borough of Bromley is situated approximately 9 miles south of Central London and 5 miles northeast of Croydon. Bromley is a leafy London suburb, benefitting from excellent transport links, an extensive retail and leisure offering, and green open spaces.

There are also a number of local community and recreational amenities including Bromley Park, picture house cinema and The Pavilion family centre with play zone, leisure pool and bowling.

Bromley Conservatoire is located in the newly renovated East Street in Bromley. The building is a Victorian townhouse with historic records dating back to the mid 1800’s.

The interior is comfortable and secure, with 4 music tuition rooms, 2 large academic tuition rooms, a drama studio and a waiting area.

The premises further benefit from secure entry, Wi-Fi, w/c and I facilities.

Tenure
We are advised that the business is being sold on a Leasehold basis, with 9 years remaining on the 10 year lease. The rent is £2,100 per month. 

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