Advert Details

The Music Place For Sale

Details: Asking price:£85,000; Sales revenue:£230,000; Net profit:Undisclosed; Fixtures value:£5,000; Inventory value:£30,000

Business description: Busy independant musical instrument retail store.
LOCAL WELL KNOWN SHOP AND VERY WELL SUPPORTED BY LOCAL SCHOOLS, BANDS, RECORDING STUDIOS, TUTORS, COMMUNITY GROUPS and GOOD REGULAR CUSTOMER BASE.
PRICE DOES INCLUDE CURRENT STOCK LEVEL AND CAN BE REDUCED ACCORDINGLY

General information: Years established:15 years current position 12 years; Employees: 1 full time .. 1 part time; Trading hours: 6 days 9.30am - 5.30pm; Property:Leasehold; Lease terms:2 1/2 YEARS LEFT ON CURRENT LEASE... VERY GOOD RE-NEGOTIATION TERMS FOR LONGER LEASE AVAILABLE AS PART OF THE SALE.; Location:Prime High Street position...
Close to High Street Chain Stores ( eg wilkinsons curry's M&S Argos )
good foot fall; Expansion potential:There is future potential for internet sales... Also expansion to satisfy local demand for computer music ( Digital Audio Workstations ) Currently instrument tuition in store this is a great bolt-on business opportunity.; Competition / Market:We are an established business which has been located in Letchworth for 15 years in current position 12 years...we sell a wide range of instruments and there is no local competition within Letchworth Garden City.; Support & training:current business owner will offer training and familiarisation with current product lines. can assist with initial order quantities and advise on expantion potential; Reasons for selling:RETIREMENT TO AUSTRALIA!!!