KNOW WHAT YOU’RE GETTING INTO
The decision to sell your music studio to a group is a major one, and it’s important to understand what you’re getting into before you sign on the dotted line. There are a lot of options to choose from but not all groups are created equally.
We’ve outlined 20 of the most pressing questions to ask when considering a partner, paired along with our answers. We hope these questions clear up any misconceptions and provide valuable insight into what’s involved in joining.
About Harmony Hub Assistant
Headquartered in Salt Lake City, Utah, Harmony Hub Assistant was founded in 2024 as the first Music Studio Partnership Organization. Harmony Hub is one of the fastest-growing instructor groups with affiliated studios in 2 states and counting. Music instructors who partner with Harmony Hub Assistant:
- Broaden their financial portfolio and gain access to capital and exclusive investment opportunities
- Increase the profitability of their studio by accessing a wide array of industry-leading services and support
- Grow their brand by expanding within their studio and opening new locations
- Rest easy knowing they have a partner to manage the stress and administrative burdens that come with running a music studio
- Join a community of fellow studio owners equally committed to preserving music education (and who have a lot of fun together too)
And so much more. As the owner, you will remain the sole leader of your studio, team, and students. Harmony Hub Assistant is committed to supporting our owners and collaborating to drive the long-term success of your music studio.
The bottom line: Harmony Hub Assistant’s model offers the benefits of joining a larger group while keeping instructors in control of their studio.
Factors to consider before joining a group
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Freedom to make all business and teaching decisions
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Centralized administrative support
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Studio equity to drive long-term growth
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Expanded access to services and tools
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Mentorship and learning community
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More time to pursue personal priorities
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Shared financial responsibility
Solo Ownership
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Harmony Hub Assistant
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Corporate Buyout
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1. How long has the company existed?
Consider the history of the company. Harmony Hub Assistant has over 25-years experience, and track record of success and lessons learned. We have developed infrastructure to support your studio. We can also execute a subscription approach, which can help you experience a bit of what a long-term investment is like.
2. What type of equity am I getting?
It’s important to understand what equity you are getting in the sale of your music studio. Some Partnership Organization’s have different classes of stock, and each class of stock will have different financial outcomes and rules. Meaning some shareholders will do better than others and the private equity investors will almost always have disproportionately better outcomes than the business owners. Harmony Hub Assistant has one class of stock, so the instructors have the same financial benefit as the private equity investors. In Harmony Hub Assistant’s partnership model, your equity is retained ownership in your music studio. You receive monthly distributions directly from your studio profits, and you control your financial outcomes.
3. Where is the capital coming from to purchase my studio?
Buyers use debt or equity capital to acquire businesses. Harmony Hub Assistant uses a combination of the two. We have access to a large, recurring credit facility due to our performance and substantial equity capital from our private equity investors and our partners. Additionally, our business generates surplus cash flow that we invest in new partners.
