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Music Store For Sale

Wake County, North Carolina, United States
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Asking Price$350,000
Revenue$479,098 Established2011
Cash Flow$108,739 Employees2 full, 2 part
FF&EUndisclosed* FranchiseNo
InventoryUndisclosed* RelocatableYes
Real EstateUndisclosed Home-basedNo
* Included in Asking Price
This music store carries a full-line of musical instruments. Including Guitars (Paul Reed Smith, Alvarez, Godin, Norman and Peavey), Keyboards (Casio), Brass, Woodwinds, Percussion, Strings (Violins, Viola and Cello) and Ukelele's! Be the "go-to" place for musicians in the Triangle Area of North Carolina.
We offer a huge and diverse inventory of musical instruments, instrument accessories, fretted instruments, brass, woodwinds, band and orchestra, strings, drums and percussion, print and sheet music, keyboards, pro-audio and home-recording gear. We have string instrument rental, woodwind rental, brass rental, band and orchestra rentals. We sell and rent violin and violin accessories including rosin, bows and strings. We also have cellos and cello accessories.

They offer the following instruction: guitar lessons, violin lessons, piano lessons, drum lessons, cello lessons, banjo lessons, trumpet lessons, clarinet lessons and saxophone lessons.

The print and sheet music consists of method books, music books, band and orchestra music and song books. We also have the largest selection of sheet music in the area that is alphabetized by composer!

Required Licenses: Business

Real Estate Number: 230125
Competition:Purchased a local competitor in 2010
Growth Potential:Current lease expired and is currently month to month basis. Suggest new buyer relocate to a location where rent is more reasonable. In doing so, could realize a positive gain of approx $30k per year in rent savings. Broker could assist in transaction if needed. Inventory currently valued at $540,000 and has been recently restocked. This includes inventory, all the store display fixtures, computers, repair tools and other advantages too, like the 200 students that take lessons each week and our instrument rental pool.
Training/Support:Current owner is willing to stay on for a transition period to be determined by buyer.
Seller Financing:Awaiting 2016 tax returns. Financials above reflect 2016 P&L statement. Zero time remaining on
Sale Reason:Seller has other interests. Possible Seller Financing.
Ad #90305
Seller Reference #DURHANC001-N19
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Rex LaSasso
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