Music Business With Small Town Life Big City Earnings For Sale

Business description

Imagine a large part of your daily tasks being focused on selecting what new music to carry in your award-winning CD & DVD store. This business offers strong benefits for a buyer: 1, it has been systematized better than many franchises which makes it easier to operate than most small businesses; 2, it has stable long-term employees which is in stark contrast to the 50%-80% annual turnover rate that most retailers experience; and 3, it is located in a prime high-retail-traffic area.

Why is this store different than other music stores? There are over 400,000 CDs & DVDs that American consumers can potentially purchase, but very few of the 10,000+ US businesses that sell CDs & DVDs have access to them. This business is one of the few able to do so! This business has done this so well, that it has received the local paper s Best Music Store Award each year since 1994! It has achieved its high level of service by building its entire operation around client needs. Technology captures historical consumer data to aid in the store's buying practices. Technology is also used for systems that enable staff members to find music & movies for customers that other stores can't.

Property information

Real Estate:

Lease

Location:

This store is located in a newly renovated shopping center that houses large retailers such as Bed Bath & Beyond, Starbucks, Michaels, Rite Aid, Ross, Sleep Country USA, Petco, and Lane Bryant. This 2,648 sq. ft. store is easily mistaken for a national chain, itself due to its attractive lighting, colorful fixtures, theme carpet, professional signs, technology, and vast selection. The sale includes all furniture, fixtures, and equipment - worth nearly $300k at current market price making the business a bargain when priced at only $365k plus inventory.

Other information

Expansion potential:

There are a variety of opportunities for a buyer to expand this business. The most logical is to use this business' strong proprietary systems & branding and duplicate it in currently underserved nearby markets to create a chain with greater economies of scale. Other opportunities include: create a franchise; develop a web-based E-commerce sales division; offer digital content sales and/or web-hosting for peer-to-peer trading; offer on-line movie rentals for local customers; and provide delivery service for rentals and sales.

Competition / Market:

Many people believe independent CD retailers are becoming obsolete due to digital music downloads. But according to the Recording Industry Association of America, digital downloaded music sales are less than 10% of physical music sales, and independent record stores have had a very stable market share over the past few years while big box retailers have experienced declines in customers buying music from them. The music industry is a stable environment for retailers who offer specialized services and selection.

Support & training:

There is a well-trained staff in-place that will continue with the business that can largely operate the business on their own. The seller will also provide reasonable transition training and support.

Reasons for selling:

The principal wants to pursue other entrepreneurial dreams.

Trading hours:

9:00 am - 10:00 pm

Financing available:

N/A

Furniture / Fixtures value:

$293,600 (included in the asking price)

Inventory / Stock value:

$260,000

Related documents:

• 
• Initial Info Package & NDA 1000005179