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Business For Sale
MUSIC BIZ WITH SMALL TOWN LIFE, BIG CITY EARNINGS
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Asking Price: |
$365,000
USD USA Dollars
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Business for Sale Industry: |
Retail: Non-classifiable
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Reason for Selling:
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Owner wants to pursue other
entrepreneurial dreams. |
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Year Established:
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1993 |
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# of Employees:
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6 |
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Yearly Revenues:
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$365,000 |
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Yearly Cash Flow:
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$116,781 |
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Yearly EBITDA:
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$86,625 |
Business for Sale Overview:
Imagine a large part of your daily tasks being focused on selecting
what new music to carry in your award-winning CD & DVD store. This
business offers strong benefits for a buyer: 1, it has been
systematized better than many franchises which makes it easier to
operate than most small businesses; 2, it has stable long-term
employees which is in stark contrast to the 50%-80% annual turnover
rate that most retailers experience; and 3, it is located in a prime high-
retail-traffic area. Why is this store different than other music stores?
There are over 400,000 CDs & DVDs that American consumers can
potentially purchase, but very few of the 10,000+ US businesses that
sell CDs & DVDs have access to them. This business is one of the few
able to do so! This business has done this so well, that it has received
the local paper s Best Music Store Award each year since 1994! It has
achieved its high level of service by building its entire operation around
client needs. Technology captures historical consumer data to aid in
the store's buying practices. Technology is also used for systems that
enable staff members to find music & movies for customers that other
stores can't.
Property Features and Assets:
This store is located in a newly renovated shopping center that houses
large retailers such as Bed Bath & Beyond, Starbucks, Michaels, Rite Aid,
Ross, Sleep Country USA, Petco, and Lane Bryant. This 2,648 sq. ft. store
is easily mistaken for a national chain, itself due to its attractive lighting,
colorful fixtures, theme carpet, professional signs, technology, and vast
selection. The sale includes all furniture, fixtures, and equipment - worth
nearly $300k at current market price making the business a bargain when
priced at only $365k plus inventory.
Market Competition and Expansion:
Many people believe independent CD retailers are becoming obsolete
due to digital music downloads. But according to the Recording
Industry Association of America, digital downloaded music sales are
less than 10% of physical music sales, and independent record stores
have had a very stable market share over the past few years while big
box retailers have experienced declines in customers buying music
from them. The music industry is a stable environment for retailers
who offer specialized services and selection. There are a variety of
opportunities for a buyer to expand this business. The most logical is
to use this business' strong proprietary systems & branding and
duplicate it in currently underserved nearby markets to create a chain
with greater economies of scale. Other opportunities include: create a
franchise; develop a web-based E-commerce sales division; offer
digital content sales and/or web-hosting for peer-to-peer trading;
offer on-line movie rentals for local customers; and provide delivery
service for rentals and sales.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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