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Business for Sale Overview:

Established for some 12 years this truly independent music retailer/wholesaler is superbly positioned in the market it serves as a retailer and wholesaler of ultra top quality Hi-Fi and music systems. The business is geared to the collector/specialist market, importing from the USA, Far East and Scandinavia. The business then sells direct to the public and distributes through a subsidiary company to over thirty Hi-Fi specialist dealers. With many years experience within the music and hi-tech arena the business has the knowledge, staff and expertise to be able to advise its clients accordingly and ensure the correct equipment and instruments are supplied to meet their exacting requirements. Because of this the business has built up a reputation as a top end supplier giving it a real edge in the market in serves so well. This expertise has led the company to provide a wide range of high quality products to its loyal and growing customer base.

Property Features and Assets:

The business operates from leasehold premises in Kent. A new lease will be made available to the successful purchaser. The premises measure circa 3,000 square feet, separated into two offices and eight fully fitted sound rooms, each displaying one Hi-Fi System. Annual rent is charged at £25,000 per annum, with rates charged additionally at £9,000.

Market Competition and Expansion:

As well as its highly informative website the business utilizes the Hi-Fi News, and glossy magazines. All other advertising that the business uses is through the strong word of mouth recommendation it receives, bearing testimony to the excellent reputation it has received throughout the region. This is backed up by the high levels of customer retention the business enjoys.