Asking Price: $67,900 Gross Revenue: $300,000Cash Flow: $40,000 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $50,000 included in asking priceFF&E: $10,000 included in asking priceShare this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
Purchase this established music store with over 3 decades of service and $50K work of inventory INCLUDED!
This music store has been in the music business for over 35 years. Originally established in 1977 under a different name, the business has been operating under the current brand since the early '80s.
With a wide range of music in a variety of categories that include: vintage rock, r&b, jazz, blues, country, folk, etc., their products appeal to a wide section of a resurging niche market.
Even without a website, which is a potential area for growth at a low price-point, this music store has built a positive online presence through positive reviews and word of mouth.
This is an ideal opportunity for an enthusiast looking to turn a hobby into a business into with a pre-existing customer base and established concept.
Contact FOUAD MOHIT at (757) 237-2301 or FOUAD@SUNBELTNETWORK.COM for more information today.
The information on this listing has been provided by either
the seller or a business broker representing the seller. BizQuest has no interest
or stake in the sale of this business and has not verified any of the information
and assumes no responsibility for its accuracy, veracity, or completeness. See our
full Terms & Conditions.