Asking Price: $85,000 Gross Revenue: $232,218Cash Flow: $34,405 (Seller's Discretionary Earnings) EBITDA: Not DisclosedInventory: $100,000 included in asking priceFF&E: $26,500 included in asking priceReal Estate: Not Disclosed Share 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.
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
Number of Employees:
1 FT, 3 PT
The business is currently run out of a 4,459 SF building, but needs to be relocated upon purchase.
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.
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.