Long Island Music Store For Sale

Business description

Our client is the owner of a retail establishment specializing in the sale of new and used CD’s, DVD’s, hats, t-shirts and other music related items. The business provides the availability and selection of all genres of music tastes sold both in house and online through amazon.com, ebay.com and half.com. The business has provided a familiar storefront for many years with a reputation which has outlasted other music establishments. The business specializes in maintaining an extensive catalog, and carries multiple titles from individual bands not commonly found in music stores today. The business is one catering to the individual needs of each customer, providing quality information and assistance with that special blend of professional music knowledge and courtesy. The business services customers throughout Long Island, NY as well as the global community through the Internet. Due to their reputation, variety and assortment of products, they are a leader in the field of retail music sales throughout the area.

Property information

Real Estate:

Lease

Location:

The business is located in Long Island, NY. The business has remained in Long Island since its inception. It is situated in a standard row house configuration (connected buildings) on a traditional Main Street. This is an excellent site for such a business because it resides in a commercial district on a main street with access to consistent customer flow.

Other information

Expansion potential:

A like business would do well to acquire this business and combine it with their business. For example, a similar sized record store looking to expand its customer base or to offer additional titles would do well to add this business to their own. The store is well known throughout the industry, and especially the tri-state vicinity. It continues to draw new customers each year, while maintaining the stock of music titles customers often seek out.

Competition / Market:

The owner does no marketing for the business. The only advertising is online where customers recognize the business trade name from repeat orders.

Inventory / Stock value:

$200,000 (included in the asking price)