Gross Revenue: $1,120,000
* not included in asking price.
37370-Rapidly Growing Music Store
With two locations south of Sacramento, CA, these full-service music store merchants specialize in retailing musical instruments, related accessories, sound systems, and musical lessons to its local clientele. The company also offers musical instrument repair and rentals, clinics, and hosts special events, concerts and jam nights. The company operates from two leased facilities. Offering these products and services requires personnel skilled in delivering value with excellent customer service, and knowledgeable to educate its customers about its musical products and services. The company’s marketing efforts focus on targeting walk-in customers, educational institutions, churches, various social media, publications, and communication networks. Revenues can be broken down as follows: 35% musical instruments, 25% lessons and 40% from the sale of sound systems and reinforced acoustics, such as to educational institutions. Available products include but are not limited to: Guitars, both acoustic and electric, drum sets, amplifiers, amplifiers, Latin Percussion, band and orchestra instruments, and a large inventory of PA and recording equipment.
Established over five years ago, the company has continued growing since inception. Success is proven in many ways including placement in the Top 100 NAMM Dealers multiple times, Rookie of the Year recognition out of 96,000 music stores, and growing community presence. A new owner would do well to increase sales efforts at schools and learning centers. Both locations feature lit stages and full showrooms. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired. More info contact Bruce Tanner 209-952-1543 re: #37370.
Inventory: Not included in asking price
Furniture, Fixtures, & Equipment (FF&E): Included in asking price
Facilities: There are two locations. Each facility feature a live sound stage and a well stocked showroom. The first location is approximately 3,100 sq. ft. while the second location is 5,100 sq. ft. These leased facility are both on well trafficked streets. Contact us today for more information.
Competition: 80% repeat clientele
Support & Training: Ten sub-contracted teachers and key employees will most likely stay on after the sale. The owners will be available for a reasonable transitioning.
Reason for Selling: Approaching retirement.
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