Business for Sale Overview:
This is a Full Service Music Store where they buy, sell and trade used and new music gear. The store deals in guitars, bass guitars, drums, keyboards, amplifiers, band instruments and pro-sound equipment. The store also rents school band instruments. The store sells 60% used gear and 40% new accessories, and produces a gross margin over 50%.
The store is supported by a franchise group of 40+ stores providing buying power, professional advertising materials, a national recognized web site and computer system services. For the last ten years the business has been located in a strip shopping center at a high-volume intersection and two blocks from a major shopping mall.
The seller is absentee and the revenue and profitability will certainly increase with an on-site owner. The asking price includes $90,000 of inventory at cost and the final price will be adjusted to reflect actual inventory at the time of closing. Inventory can fluctuate by $10-20,000.
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 absentee and has a job which requires extensive travel
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.