Business for Sale Overview:
Our client is the owner of a retail establishment specializing in the sale of new and used CD’s, DVD’s, hats, t-shirts and other music related items. The business provides the availability and selection of all genres of music tastes sold both in house and online through amazon.com, ebay.com and half.com. The business has provided a familiar storefront for many years with a reputation which has outlasted other music establishments. The business specializes in maintaining an extensive catalog, and carries multiple titles from individual bands not commonly found in music stores today. The business is one catering to the individual needs of each customer, providing quality information and assistance with that special blend of professional music knowledge and courtesy. The business services customers throughout Long Island, NY as well as the global community through the Internet. Due to their reputation, variety and assortment of products, they are a leader in the field of retail music sales throughout the area.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
The business is located in approximately 2,200 square feet of space at a rate of $1,850 per month. Utilities run approximately $400/month. Insurance for the business runs approximately $1,800 per year. The space is divided into a retail area, two bathrooms, two separate rooms and a storage area. There is a recently installed commercial-grade air conditioning unit in the space.
Market Competition and Expansion:
The owner does no marketing for the business. The only advertising is online where customers recognize the business trade name from repeat orders. The last several years has seen the introduction of large online Internet companies specializing in the sale of music and music-related items. This presence has affected the business somewhat. Downloading of music has been a major factor in the retail music stores ability to compete with this ever-emerging new trend in music sharing. There has been considerable consolidation throughout this time limiting the field retail storefronts. Many store owners are opting to maintain no storefront, and simply sell product from the comfort of their home.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: