Established Music Retail & Record Store

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Asking Price:
$67,900

Gross Revenue:
$300,000
Cash Flow:
$40,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$50,000
included in asking price

FF&E:
$10,000
included in asking price

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Business Description

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.

About the Business

Year Established:
1980
Number of Employees:
1ft + 1 pt
Real Estate:
Leased
Building Sq. Ft.:
2,400
Lease Rate/Sq. Ft./Mo.:
$0.75
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About the Sale

Reason For Selling:
Retirement
Training/Support:
Seller will provider Support/Training during transition period (to be mutually agreed upon prior to close).

Listing Info

ID:
1323425
Ad Detail Views:
573

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$
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Business Listed by

Fouad Mohit

Sunbelt Business Brokers of Hampton Road

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Sponsoring Broker:

SUNBELT HRVA
Sunbelt Business Brokers of Hampton Road

U.S. Census Data for Virginia
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for Virginia
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Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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