37553-Retail Instrument, Accessory Store an Music School

Dallas County, TX

Seller Financing Available
37553-Retail Instrument, Accessory Store an Music School
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Asking Price: $650,000

Cash Flow: $183,000

Gross Revenue: $695,000

EBITDA: N/A

FF&E: $50,000

Inventory: $165,000

Established: 1980

37553-Retail Instrument, Accessory Store an Music School

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Business Description

Located in the greater Dallas area, this Award winning Music Store and Music School has been voted the best for music 10 years in a row by the local newspaper and has an excellent reputation in the community. The retail music store offers a large selection of musical instruments, sound systems, and performance light installations. In addition to their diverse selection of acoustic, bass and electric guitars, keyboards, wind instruments and drum sets, rental of school band instruments is also provided. They carry most major brands sought after including but not limited to Fender, Peavey, Roland, Yamaha, Pearl, Shure and Korg. The Music School has 11 Private lesson rooms with over 20 teachers that offer instruction for Guitar, Bass, Drums, Voice, Piano, Ukulele, Mandolin, Violin, Viola, Cello, woodwind and Brass. The school has 350 students and the number of students has been consistently increasing each year. The leased facility includes a large storefront, warehouse and office space and the school has multiple individual classrooms. It is located on a major road with high traffic restaurants and retail shopping. Operating this business requires musical expertise and personnel with industry experience as well. They have a proven track record, supported by 38 years of ongoing business, a strong community reputation and excellent online reviews. With an online retail store, the marketing efforts focus on targeting the local community, churches and schools in this DFW region of Texas. Revenues have also been consistently growing over the past five years due to a longstanding reputation and population growth in the area. Last year, the total retail revenue was approximately $900,000 with SDE’s over $150,000. With a large customer base and solid reputation, the company is in a great position for further company growth.

Detailed Information

Location:
Dallas County, TX
Inventory:
Included in asking price
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for the right buyer
Reason for Selling:
Other interests
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