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Security Type
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Membership Units
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Categories
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Service Businesses
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Min Investment
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$100
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Offering Date
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August 23, 2021
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Expected Close Date
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October 27, 2021
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Target Raise
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$25.00K-$125.00K
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Security Price
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$10
Company Description
Garrett Music Academy provides high quality music lessons and specialty programs to everyone who has a passion for music and sees music as a way of life - regardless of their age, social status or ability. Located in Maryland, Garrett Music Academy is led by Krista Garrett who is more than a music connoisseur herself. Garrett Music Academy has 1,500 enrolled students, 1 major summer program, two year round programs and has won 10 community awards. The academy prides itself on putting its students first and tailoring their private lessons for the student’s abilities and goals. Garrett Music Academy has been in service for 17 years and stayed strong through multiple hurdles - surviving a fire in 2016 that destroyed half of their classroom and resources, a subsequent flood that shut down their full service recording studio, the death of a very adored teammate and thriving during the COVID pandemic with a quick shift to online virtual teaching.
Key Deal Facts
Garrett Music Academy’s studio is run by Grammy-nominated producers, and the school is currently expanding to include revamping its recording studio and implementing more programs focused on mental health to help children, teens, veterans, and everyday adults deal with anxiety and depression.
There are classes for young children, private music lessons for school band and orchestra students, and programs for mature students looking to maintain memory, mobility, and cognitive brain function.
The academy is also developing programs to help people start their own music businesses or to scale their current business models.
Some of the students of The Garrett Music Academy have gone on to professional music careers and one has even become a music therapist.
Use of Proceeds
- (40.00%) $50,000 of the proceeds will go towards developing new student programming
- (20.00%) $25,000 of the proceeds will go towards new equipment and software
- (36.50%) $45,625 of the proceeds will go towards refinancing debt
- (3.50%) $4,375 of the proceeds will go towards SMBX capital raise fee
Management Team / Advisory Board Bios
Krista Garett, CEO
Krista Garrett is author of Authenticity: Be You, Do You, Share You...Be Flawsome! She’s married to Nick Garrett, former owner of the Garrett Music Academy, and they have 3 children, two of whom are twin girls. Krista graduated from Suitland School of Performing Arts for Piano and Vocal Performance. She received a Bachelor's Degree from the University of Maryland, a Master's of Science degree with honors at Johns Hopkins University for Developmental Psychology and is a former adjunct professor at Montgomery College and the College of Southern Maryland. She is currently a Teaching Fellow at Harvard University in the Fine Arts and Sciences School as well as the Department of Continuing Education. Krista has taught private lessons at the Garrett Music Academy for over 12 years and is also the Director of the ARC of Southern Maryland therapeutic music program.