Unique Music Store with Strong Cash Flow

Not Disclosed, WA
King County


Asking Price: Annual Revenue:
$449,000 $629,921

Retail: Non-classifiable


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RE: Unique Music Store with Strong Cash Flow Broker: Mahn Nguyen

Quick Facts

Asking Price: $449,000
Annual Revenue: $629,921
Net Profit: Not Disclosed
Cash Flow: $80,000
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 1991
Employees: 3
BBN Listing #: 168652112
Broker Reference #: 31861-254797

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Business Overview:

On the market for the first time! New owner can earn $80,000+ and be as involved as they desire. Business is established with team in place that can run itself.

Do you have passion for music? How about owning your own music store, who says you can't have a hobby as a job...

This music store has been around for 28 years, thrived through times of boom and bust economies and is resilient to online competition. It sports a loyal customer base that still has appreciation for seeing and feeling musical instruments in person and being able to consult a personable local retailer and bond through the love of music.

There are two sides to this business that works hand in hand to create a perfect harmony. Store currently rents out facility to music instructors for passive income but also serves as an excellent marketing tool resulting in instruments purchased by students.

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Property Features and Assets:

Established in 1991 and has been same location for 28 years.

Market Competition and Expansion:

There are competition in the area from bigger chain stores; however store competes well and has strong support as a local retailer. Potential Growth * Increase online marketing to help target a bigger customer base * Update website to promote more online sales * Enhance social media presence and host events to draw in more business.

Reason for Selling:

Retiring

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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