Westchester Music Store For Sale

Business description

Our client is the owner of a music store specializing in retail sales, rental and repair of all types of musical instruments. Founded in 1959, the business has succeeded with its ability to be a consistent source of instruments for the local schools and Westchester customer base. The business has a tremendous assortment of new and used instruments, sheet music, books and other accessories for its customers. The store also offers music lessons for those desiring to learn how to play a specific instrument. Situated on a busy road, the store has been a mainstay in the community since it first appeared on the scene. With little competition, repeat sales, huge referral and community base, a new owner will find continued success with the store, and strong growth potential by means of initiating a company website and online sales. The asking price for the business is $150,000.

Property information

Real Estate:

Lease

Lease terms:

The lease is a 5 plus 5 at $1394 per month. All equipment, furnishings, inventory will be included in the sale of the business.

Other information

Competition / Market:

There are two other similar businesses but do not have the reputation of the subject business.

Support & training:

The owner will assist a buyer to transition the business over.

Reasons for selling:

Retirement.

Financing available:

Possibly.

Inventory / Stock value:

$50,000 (included in the asking price)