Violin and stringed instrument sales and repairs

Richmond, VA
Richmond County


Asking Price: Annual Revenue:
$125,000 $100,000

Retail: Non-classifiable


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RE: Violin and stringed instrument sales and repairs Broker: Douglas Brown
Owner Financing is Available!
50000.00

Quick Facts

Asking Price: $125,000
Annual Revenue: $100,000
Net Profit: Not Disclosed
Cash Flow: $50,000
Total Debt: Not Disclosed
FF&E: $36,000
Real Estate: Not Disclosed
Year Established: 1978
Employees: 2
BBN Listing #: 258043891
Broker Reference #: 9525-750742

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Business Overview:

A unique resource for stringed-instrument music professionals in a major metro area. This is a full-service instrument shop, not a general "music store"; it offers sales and restoration of stringed instruments (violins, violas, cellos and basses), both hand-made and commercial, including antique and contemporary, in addition to rental instruments. Price includes $110,000 of physical inventory (rental instruments etc.). Seller also has $200,000+ in high-end instruments that can be included in the total sale if desired. In addition to instrument sales, the ongoing business has repair, rental, accessories, and sheet music. A loyal clientele built over 40 years of operation comes from an 80-mile radius. Profitable through the COVID period. despite the closing of schools that form the rental base, this business has existed on referrals and repeat business for many years. Key staff are aware of owner desire to retire and would consider remaining. A new owner will find substantial growth opportunities in marketing to re-opening schools and teacher programs, as well as finding new channels to promote sales of the high-end instruments. The current space offers easy customer access and is divided into several convenient work-spaces, but the business is not dependent on that location; it requires no special conditioning and is easily relocatable.

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Reason for Selling:

Retirement

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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