Owner Financing is Available!
Business Overview:
A large investment was made in designing and implementing a new e-commerce website with integrated social media in 2010. A new level of spending on marketing began at the same time. This brought a rise in sales of 36.7% in the first quarter over 2010, tapering off a bit in the second quarter, resulting 31.7% above 2010. Projected (not guaranteed) sales for 2011 are $1,365,000 and are currently on pace to exceed this goal. Perhaps the most surprising 2011 sales statistic is how monthly sales are much more consistent at this higher level the wide monthly sales swings of prior years have been replaced by consistency at a much higher level. Typically between 88% and 95% of monthly sales come from e-commerce and telephone sales.
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.
Property Features and Assets:
The commercial property is for sale. The asking price is $345,000 based upon current local cost per square foot comparable. The commercial property is not included in the asking price of the business.
This business is located in an upscale strip shopping center featuring ample parking. The 1,512 square feet is adequate for current and future operations leveraging an off-site storage/warehouse facility.
The space is currently configured with access to a complimentary business. Seller intends (at sellers expense) to make required up fit modifications to separate the spaces upon closing. This is an anticipated contingency.
Market Competition and Expansion:
Competition: Perhaps one of the most intriguing attributes of this business opportunity is that competition is relatively limited. Essentially a niche within a niche. There are several national and international players in the market, but the owner feels that they are able to successfully differentiate themselves by providing a high level of experienced and personal customer service.
In a recent peak season there was not one single return - including all sales made online and via phone.
Potential Growth: The electric stringed instrument market continues to grow. This business has maintained modest growth in spite of the great recession.
The companies list of clients includes many professional musicians that sell millions of albums annually. Several bands and players on the client list will likely be familiar.
The company has and continues to invest heavily in online marketing. A measurable Return on Investment(ROI) is being generated and additional focus and investment in this areas should prove to continue to provide strong results.
Reason for Selling:
Seller is interested in pursuing other opportunity
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 not a franchise resale opportunity.
Resources: