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 $10,000-$20,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
3,300 sq. ft. building.
Reason for Selling:
Other Business Demands.
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.