* Included in Asking Price
Legendary Music Store for sale in Central North Carolina! This is a music lovers dream and diamond in the rough! This well-established retail store has been serving the community of musicians for several generations and now the current owner is retiring. During this time, the store has grown from a buy, sell, repair and trade business; to now carrying hundreds of top manufacturer lines, for Guitars, Banjos, Band Instruments, Drums/Percussion, Folk Instruments, and Recording/Live Sound equipment. Interested in custom designing your very own guitar? This business has the reputation, vendors, and experts to make this happen.
The store is approximately 6,400 sq ft and sits on a high traffic 4 lane main artery directly across from one of the largest schools in the county. This store is packed with every accessory you will need to enjoy your musical experience. There are over 130+ guitars, 40+ banjos, 20+ drum sets currently in inventory. There is a large market of students and amateur musicians in the area and with the right buyer this business can be expanded to include music lessons and online retail sales.
The real estate is not included with the $400,000 asking price; however, the Seller is open to selling the whole city block (6 lots) for $950,000. This is an investor's opportunity to explore expansion and strip mall options. The Seller will also entertain a very reasonable lease to purchase option! Should buyer choose to rent instead, Seller is requesting $1,200 per month for the bottom floor 3,200 sq ft and will provide additional storage space upstairs at no charge.
Owner is ready for retirement and is motivated to sell! Owner will remain in place to ensure a smooth transition takes place between buyer and all established vendors. They buy direct from over 60 Manufacturers and Distributors locally and Internationally to include Martin, Fender, and Breedlove and these relationships are the key to continued success.
If you are looking for a great business with unlimited potential this is for you! Current owner encourages potential buyers to contact them, visit the store, and make an offer.
Required Licenses: Business
|Growth Potential:||This business needs an inventory tracking system. Music Lessons that were once available are not possible due to aging owner. This is a perfect growth opportunity! The business currently does not have on-line purchase capabilities that this is a must!|
|Training/Support:||Owner is available as long as necessary to train and ensure a proper transition.|
Seller Reference #DURHANC001-N5
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