Business for Sale Overview:
This CD & DVD retailer's proprietary methods of doing business are
based on the owner’s 25 years in the industry. 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.
The business is located in a northwest town famous for panoramic
views, low cost living, recreational opportunities, and slower pace
lifestyle.
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:
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. Most independent
music & movies stores have a "mom & pop" feel. Not this store! The
2,648 sq. ft. store is easily mistaken for a national chain with attractive
lighting, colorful fixtures, theme carpet, professional signs, technology,
and vast selection. The sale includes all furniture, fixtures, and
equipment - worth nearly $300,000 at current market price.
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 expand the sale of high-margin
previously owned CDs and DVDs. Other opportunities include:
duplicate the operation in another under-served community; 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.
Reason for Selling:
Owner wants to pursue other
entrepreneurial dreams.
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.