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   Date    Header Price  
12/05/2006  Double unit shophouse / guesthouse8 750 000
-- Business-other -- Bangkok and Vicinities -- Bangkok -- --   GE Edit
12/05/2006

International Music Academy

 5 000 000
BKK11784YS - This three year old International Music Academy is licensed and approved to run teaching courses by the Ministry of Education. Located in one of the suburbs of Bangkok, the academy has eight class rooms and specialises in courses for the piano and violin. The directors of the business have now decided to go their separate ways, to concentrate on their various other concerns, and this means that an investor with knowledge of the music business has the opportunity to acquire the turnkey enterprise. The assets are understandably valuable, due to the cost of musical instruments, and these have been valued at 3,600,000 baht. Annual receipts of 1,335,000 baht are only producing net profits of 35,825 baht, but this is mainly due to the staffing costs, as the six full time teachers are paid 84,000 baht per month between them; there is also monthly rent of 10,000 baht to pay.


Annual revenue 1,335,000 Baht ($33,375)

Annual Owner's benefit (earnings before taxes and depreciation) 35,825 Baht ($896)

Furniture, Fixtures & Equipment included in the Investment Price 3,600,000 Baht ($90,000)

Your Total Investment to own this business 5,000,000

Your Initial Cash Investment Needed 5,000,000 Baht ($125,000)

Inventory included in the Investment Price 250,000 Baht ($6,250)

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