Long Established Music Business

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Asking Price:
$85,000

Gross Revenue:
$232,218
Cash Flow:
$34,405
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
$100,000
included in asking price

FF&E:
$26,500
included in asking price

Real Estate:
 Not Disclosed

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Business Description

This established music business has been servicing the area for 30 years. The business is driven by a high number of repeat customers and enjoys a great reputation that comes with years of success and excellence in customer service. In addition to retail, the business offers music lessons, rentals, repairs, and more. With little local competition and plenty of room to grow, this business is a great investment.

About the Business

Location:
Maine
Year Established:
1987
Number of Employees:
1 FT, 3 PT
Relocatable:
Yes
Facilities:
The business is currently run out of a 4,459 SF building, but needs to be relocated upon purchase.
Market Outlook/
Competition:
This is the only full service music equipment store in the area. Only marketing has been word of mouth at this point.
Growth & Expansion:
This business could see growth with additional hours and a strong marketing campaign. Online sales would also benefit the business.
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About the Sale

Reason For Selling:
Relocating
Training/Support:
TBD

Listing Info

ID:
1422744
Ad Detail Views:
738

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Business Listed by

Craig Church

Keller Williams Realty

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Sponsoring Broker:

Scott Balfour
Keller Williams Realty


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