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Asking Price$34,219
Revenue$511,446 Established1988
Cash Flow$59,072 Employees2 full-time
FF&EUndisclosed FranchiseNo
InventoryUndisclosed RelocatableNo
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
Premier Retailer of Musical Instruments, Guitars, Drums & Keyboards, accessories and audio equipment
Location Park Road, North London. N8

Asking Price: Offers in the region of £20,000.

Asking price includes:

Turnover circa £307,822
Gross Profit £109,197
Net Profit £35,197
Excellent Trading History over 25years
Huge Growth Potential
1st class location
Training and handover
Unrivalled reputation
Established 1988, this business is a retailer of musical instruments guitars, drums & keyboards along with accessories and audio equipment plus undertaking equipment repair work. The store is located in an affluent 1st class location and has an excellent reputation and trading history. Superb relationships with manufacturers and equipment suppliers have been formed over the trading years that secure great benefits when requesting hard to source equipment.

This is a unique business with a knowledge of equipment that is second to none, all floor staff are concientious and have a real passion for their work. Customers can be sure they receive the right advice and help to ensure they purchase the right equipment. There is no local competition to this store so customers return time and again and have built up a real rapport with the owner and staff.

The store focuses on giving all customers great value and service and as an average have in excess of 200 guitars in stock at any one time.
Facilities:The business operates form a prime location in the heart of very artistically cultural Crouch End, North London. The leasehold premises are circa 800 sq. ft. and have a very valuable rear car parking space that is so rare in this area. The annual rent is £19,000 with rates of £10,000 A new lease is being negotiated and we are assured of easy transfer, (subject to status).
Competition:Whilst the business advertises on Google, the owner and business name has been a consistent presence within the area for over 25 years and so benefits greatly for significant trade awareness. The business also has a very well designed and informative website that performs very well in all the major search engines for relevant search terms but by far the most effective form of marketing for the business is the strong word of mouth recommendation the business enjoys – testimony to its outstanding reputation.
Training/Support:The vendor could assist with handover for a negotiated period of time.
Sale Reason:This is a genuine retirement sale due to health reasons.
Ad #59288
Seller Reference #AH142
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Contact This Seller
Turner Butler
0044 1895256000
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