Leasehold Musical Instrument Music Retailer For Sale

Business description

Bag a Business Ltd is delighted to offer to the market this desirable retailer in the heart of historic Worcester. Our clients have been the owners of this well-respected business since 1991. The business, whilst catering for a wide range of musical needs, specialises in guitars, amplifiers and printed music. The business has two websites, which have very recently been completely revamped, and they are now attracting new interest outside the local area where competition is limited. The shop has over £100,000 of sheet music to suit all tastes and more than £200,000 of instruments in store. The business also provides an invaluable repair workshop, which again
makes it an attraction. The business currently has a turnover in excess of £665,000, achieving a healthy GP of 33%. The business has a wealth of potential, both in the local area and via its websites. It supplies music worldwide. The sale of the business is due to retirement of its current owners, but they and their dedicated and knowledgeable staff are happy to advise and help for as long as is necessary for the new owners to become established. In addition, the current owners would be happy to carry on with repairs if required, and to offer other assistance to ease the transition. A new owner may also choose to introduce new product ranges to this already very successful business. Early viewing is strongly recommended to fully appreciate the opportunity this business represents.

Property information

Property:

Leasehold

Lease terms:

Leasehold
Original lease length: 6 years
Remaining length: 2 years
Rent: £15,000 per annum

Living accommodation:

Property Details Well appointed, double fronted retail unit, briefly comprising: Ground Floor Retail area with: • Counter with cash register and displays above and to the rear • Air conditioning throughout Sheet music section: • Racking and shelving to walls • Gondolas displaying sheet music • Small office • Repair workshop • WC/washroom • Stockroom for sheet music Instrument display section: • Booth style room for client demonstrations • Small store room • Staff/storage areas • Two WCs/washrooms • Mezzanine used as office/storeroom External • Security shutter on doors and windows

Location:

This thriving music retailer is situated on the edge of the city centre and near to the inner ring road. There are a number of schools, including important Public Schools, a college, university and cathedral within close proximity. The business is in a prime location and near traffic lights, which provides a captive audience and the opportunity to promote itself and the business's website. Worcester is steeped in history and has a wealth of well respected academic establishments. The area has undergone substantial redevelopment and is only minutes away from the M5 motorway. The area has excellent rail links and is well served by Birmingham International Airport.

Other information

Trading hours:

Mon - Sat: 9.30am - 5.30pm