Business for Sale Overview:
Full Service Musical Instrument business for sale. Established 22 years ago by the current owner, this 4,000 square feet business offers new and used musical instrument sales, rental, repair. In addition, they generate revenue from studio rental to music teachers, piano tuning, and accessory sales. This business has generated tremendous good will over the past 22 years. It is the first stop for sales and rental of musical instruments throughout Suffolk County's South Shore and beyond. A long term lease is available as well. In the past 12 months Gross Sales were approximately $609,393 with a Net Income of approximately $176,163. The sales includes approximately $500,000 in current inventory. The business is very reasonably priced at $595,000. The inventory could be liquidated for nearly that price, but the owner would like to see his employees keep their jobs. He would also like to see his life's work continue on. We are looking for a serious and financially qualified buyer. Be prepared to provide proof of funds.
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.
Reason for Selling:
owner is retiring
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.