40 Year Established Retail and Online Music Store

Not Disclosed, CA

California


Asking Price: Annual Revenue:
$1,100,000 $1,535,124

Retail: General Merchandise - Retail


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RE: 40 Year Established Retail and Online Music Store Broker: Jay Maresca

Quick Facts

Asking Price: $1,100,000
Annual Revenue: $1,535,124
Net Profit: Not Disclosed
Cash Flow: $133,389
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 92471219
Broker Reference #: LA04650

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Business Overview:

This large music store has been operated since the seventies. The current owner purchased the business in 2009. The store has 4,200 SKUs on display in a 4,000 square feet showroom and over 4,000 SKUs on two online stores. It maintains a rating of 5 stars online, and typically earn the right to the "'Preferred Seller," "Quick Shipper," and "Quick Responder." The store has also a warehouse of 6,000 square feet in the same building. The music store is one of the last unique businesses where people hang out to socialize with their friends.  Many bands began by meeting at the store.  Great memories are made when you visit a store where you are surrounded by like-minded people that are enjoying their life through music. While the store is high energy to the extreme, it is one of the very best hangouts in Humboldt County.  The store also offers several repair departments and functions. They have a guitar workstation, band instrument table, and an accordion repair bench. The asking price includes $600,000 of musical instruments inventory at cost and $30,000 in account receivables. The rent is $3,950 per month.

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Additional Details:

  • The property is leased.
  • The owner is not 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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