Under Agreement "Old School" Music Shop #15506

Worcester County, MA

Seller Financing Available
Under Agreement
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Asking Price: Get Financing: $129,900

Cash Flow: N/A

Gross Revenue: $688,712


FF&E: $50,000

Inventory: $40,000*

Real Estate: N/A

Established: 1952

*not included in asking price.

Under Agreement "Old School" Music Shop #15506

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Business Description

This music store is definitely "old school" offering sales, service & lessons from beginners on up. Our client is looking to retire after decades in the business. This is not a franchise, it is a regionally known & respected shop. Long-term fair market lease is offered.

Attached Documents

Detailed Information

Not included in asking price
Real Estate:
Building SF:
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Great central location next to other high draw retail and food businesses. Totaling 6,800 sq. ft. this has retail, repair, music & voice lesson rooms, workshop, jam & recording rooms, all in one iconic music shop. The building owner will offer a long term lease.
Some competition but it's difficult to compete with the historic nature of this long established iconic music shop. No one else carries the wide assortment of products and services and extensive inventories so anyone interested in anything music knows this is the place to go.
Growth & Expansion:
The current owner is semi-retired and works at the store part-time. A new committed owner/ manager with high energy and a love of all things music will carry this legacy forward with new vitality and increased profitability.
Seller will finance a qualified buyer
Support & Training:
Transitional training to support a smooth transition. The ideal Buyer will have a passion for music and some kind of music related professional or avocational experience.
Reason for Selling:
Primary owner retiring after a lifetime career.
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Christopher George, CBOA

Business Listed By:
Christopher R. George

George & Company/CentralBrokers

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business.

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