40 Year Established Retail and Online Music Store

CA

40 Year Established Retail and Online Music Store
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Asking Price: $1,100,000

Cash Flow: $133,389

Gross Revenue: $1,535,124

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

40 Year Established Retail and Online Music Store

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Business Description

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 sqft 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 sqft 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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(from currently available funds)
 
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Jay Maresca

Business Listed By:
Giulio Maresca

LINK Business LA

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Sponsoring Broker:
LINK LA

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