Musical Instrument Rental And Retail Store

Business Overview:

Well established music rental and retail store that has been providing instruments and accessories to Central Florida since 1981.
They service 35 schools mainly in Orange and Seminole county. Their instrument rental program has competitive prices. Their inventory is comprised of approximately 1200 instruments valued at over $600,000 of which the majority is rented out but includes at least $170,000 of instruments in stock. Revenues over the past few years have been over $300K.
Their instrument stock includes the entire gamut of instruments in a band: from cellos, clarinets, trumpets, French horns, Oboes, saxophone, violins, violas flutes to Drums.
Beautifully laid out store of 2000 square feet, in addition to instrument rentals and sales, the store provides music books and accessories required for the maintenance and storage of instruments. They also have a room where they sanitize the instruments.
Priced as an asset sale. The Seller will consider carrying a note on a case by case basis at Seller's option.

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Property Features and Assets:

Located in a strip mall in Casselberry. Comprised of 2,000 square feet, this store is beautifully laid out with a show room, sanitation room and storage of inventory. They pay $3,937 a month in rent and their lease (triple net) expires July 31, 2024.

Reason for Selling:

Retirement

Additional Details:

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