Great Music Store In Connecticut For Sale

Business description

This is a highly respected sheet music store in an excellent and attractive location. Since 1975, the store has been known for its fine inventory and expert service, and has earned a well established reputation as a sheet music source for its loyal customer base. Even in an adverse economic environment and increased competition from on-line sources, the store has been financially beneficial for its owner. The store has a large and faithful customer base that stretches over its 37 years of operation, with close ties to a major music school and multiple performance groups. This is an excellent turnkey opportunity for a person interested in music who would like to be part of a collegiate and community music scene, and to manage an enjoyable traditional business in a charming store.

Property information

Real Estate:

Lease

Lease terms:

18 years remain on lease. Can be cancelled with six months notice. Transferable (with permission of landlord) with two months deposit. Half of third floor is sub-leased.

Leasehold rent:

$24,000 per annum

Location:

Located in close proximity to a leading music school and musically very active college in an area that has been rejuvenated into a pleasant area of shops, cafes, and artistic enterprises.

Premises details:

This charming store occupies the second floor of a three story brick building, with comfortable offices and storage on the third floor.

Size in square feet:

2000 sq. feet on two floors

Business Operation

Expansion potential:

Excellent e-commerce possibilities

Competition / Market:

Competition is primarily from on-line sources.

Reasons for selling:

Retiring

Trading hours:

M, Tu, W, F:10-6; Th 10-7; Sa 10-3

Employees:

4 Part time

Years established:

37

Other information

Support & training:

Seller is willing to stay on as paid consultant.

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Negotiable

Furniture / Fixtures value:

$1,000 (included in the asking price)

Inventory / Stock value:

$152,000 (included in the asking price)