Oldies Music For Sale

Business description

This fun company has a very large inventory of approximately 10,000 old recordings just about all vinyl. Records are at least 10 plus years old while most go back to the 50’s, 60’s, and 70’s. Many of the records are rare out of circulation collector items. Company currently is selling records over the internet through their own website and through 3 other websites that post and sell old records. Seller estimates the retail value of the inventory to be approximately $140,000. Company also makes money on the shipping and handling charges ($6.95 US, $12.95+ international) that have a pure cost of about $2.00.
Seller has a spread sheet database of the entire collection along with the storage location in inventory. All records are sorted and stored on racks. Seller represents that it is very easy and inexpensive to replenish inventory sold.
Business is currently homebased and it can be relocated anywhere. About 400/500 sf of space is needed to store the inventory. Adding this business to a congruent, existing retail store has great possibilities. This business will bring the opportunity to meet some very interesting and notable personalities nationwide and worldwide.
Seller is ready to retire, motivated to sell, and open to substantive offers to which he will seriously consider and promptly respond. This really fun business would be ideal for the semi-retired or the stay at home mom/spouse. Seller will thoroughly train new owner on this easy to own and operate business. Come see this great business, meet the owner, make offer.

Property information

Real Estate:

Lease

Premises details:

$N/A

Business Operation

Reasons for selling:

Retirement

Years established:

6

Other information

Financing available:

Downpayment Required: $0

Inventory / Stock value:

$140,000 (included in the asking price)