Fast Growing Music Store With $385K Inventory!!!
Not Disclosed, CA Los Angeles County
Santa Clarita Valley
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- RE: Fast Growing Music Store With $385K Inventory!!!
- Contact: Michael Preston
- License #: 2075182
Quick Facts
| Asking Price: | $525,000 | |
| Annual Revenue: | $853,679 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $112,147 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $83,420 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 1989 | |
| Employees: | 14 | |
| BBN Listing #: | 938251 | |
| Broker Reference #: | 130-22943 |
Business Overview:
This business was established in 1989 and is located in northern Los Angeles County. It is prominent in the community and is a combination of music store, music school, repair shop, and performance venue. It was established in 1989 and underwent a transformation in 2019. This business offers professional music lessons with a facility housing 10 lesson rooms, including those equipped with acoustic drum sets and electric pianos/keyboards. Additionally, they feature a performance venue, "The Stage Door," which includes a full grand piano, acoustic drum set, amplifiers, a PA sound system, professional stage lights, and can accommodate up to 60 seated or 80-100 standing attendees. They pride themselves on offering a comprehensive service that includes education, a variety of musical instruments, a massive e-commerce store, and professional repair services. They maintain a significant online presence and engage with customers through platforms like Reverb, Instagram, Facebook, and TikTok. An award winning business, they hold the award as one of the Top 10 Music Stores in the World voted by the NAMM Foundation in 2022 and secured a Top 100 Music Stores in the World Award voted by the NAMM Foundation.
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Property Features and Assets:
Additionally, there are a number of ground-breaking partnerships in the work that will likely set the business up for many years to come!
If you have a passion for the arts and want to be a part of the journey from getting started to stardom – this is the business for you!
This business has a leased location of 6,800 square feet with a total monthly rental of $10,927. The seller is active in business with 14 Part Time employees. Hours of operation are Monday - Thursday 10am-8pm, Friday 10am-6pm, Saturday 10am-5pm (Monday-Saturday). Included in asking price are $385,000 in inventory and $83,420 in equipment and fixtures.
Reason for Selling:
Other Business Interests
Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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