Retail Music Store / Academy / Repair

Pierce County, WA

Retail Music Store / Academy / Repair
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Asking Price: $350,000

Cash Flow: $105,000

Gross Revenue: $430,000

EBITDA: N/A

FF&E: N/A

Inventory: $125,000*

Established: 1993

*not included in asking price.

Retail Music Store / Academy / Repair

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Business Description

Music Retail, Full Music Academy, Full Instrument Repair Service

Exceptional business purchase opportunity provides 20% net profit history on gross sales of $400K to 450K/ year. Turn key purchase of business with 25 year reputation in the area for excellent instruction, sales and service of all types of music equipment and sales of related accessories. Husband and wife owner/operators have seen space and sales growth of up to 10% annually. Established customer list, procedures and processes for a turnkey operation. The business is comprised of 3 distinct departments Sales/Academy/Repair & Service. Owners willing to discuss the possibilities in dividing up the sale along these lines. Value of each to be determined and agreed upon.

Detailed Information

Location:
Pierce County, WA
Inventory:
Not included in asking price
Employees:
2
Facilities:
Asset sale to include all furniture and fixtures, 10 teaching rooms ,personnel and student scheduling and operational systems, sales and management systems, office and accounting systems. Sale includes trade name, customer lists and supplier account information. Business operates in 4000 SF prime space, in 1 st year of 5 yr. assumable lease with no annual increase. Five year option. Systems in place to schedule students and subcontractors, provide lessons, sell retail and offer other services.
Competition:
Present owners started business in 1993 with one instruction room and small repair service. Business growth necessitated two moves to larger spaces. Current space is ideal for instruction and retail sales. Competition has faded over the past years, leaving us as the premier provider in the region in an attractive, desirable area of Puget Sound.
Growth & Expansion:
Long term steady supply of customers (students) and retail purchasers . Puget sounds already large and getting larger music community requires a variety of repair services. Growing demographics, location and reputation provide increase in customers and annual sales. Music as a pastime , recreational and educational, is increasing in popularity.
Support & Training:
Husband and wife owners/operators of LLC are retiring. Will sign non-compete and continue to provide assistance during transition. Seller retains highly technical equipment repair service to meet customer needs and will pay commission to new owner, seller will retain authorized service center designations unless otherwise negotiated.
Reason for Selling:
Nothing more than it is time to retire.
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Business Listed By:
Dan

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