Music Retail & Record Store

Hampton Roads, VA

Asking Price: Annual Revenue:
$67,900 $300,000

Retail: Sporting Goods, Recreation

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RE: Music Retail & Record Store Broker: Fouad Mohit

Quick Facts

Asking Price: $67,900
Annual Revenue: $300,000
Net Profit: Not Disclosed
Cash Flow: $40,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 1
BBN Listing #: 14538940
Broker Reference #: HAMPTVA001-N1594

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Business Overview:

Purchase this established music store with over 3 decades of service and $50K work of inventory INCLUDED! This music store has been in the music business for over 35 years. Originally established in 1977 under a different name, the business has been operating under the current brand since the early '80s. With a wide range of music in a variety of categories that include: vintage rock, r&b, jazz, blues, country, folk, etc., they appeal to a wide section of a resurging niche market. Even without a website, which is a potential area for growth at a low price-point, this music store has built a positive online presence through positive reviews and word of mouth. This is an ideal opportunity for an enthusiast looking to turn a hobby into a business into with a pre-existing customer base and established concept. Contact FOUAD MOHIT at (757) 237-2301 or FOUAD@SUNBELTNETWORK.COM for more information today.

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Reason for Selling:

Absentee Owner

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.

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