Business type: Full-service music store
Revenue: $700k and growing; 14% sales growth in the past 12 months
Years in business: 16 years
Price: $249,000 plus inventory
This established Alberta-based music store offers instrument sales, rentals, repairs, and restorations. Inventory includes a wide range of musical instruments and accessories for these instruments. This store is renowned for high-quality products, product availability, and excellent service.
The store is 2400 square feet and the interior is designed to match the needs of the business. There is free customer parking located directly in front of the store. The current lease expires in 2019 and has an option to renew. Rent, including taxes, is $3500/month. This store is open Monday through Friday from 10am – 6pm and also on Saturday from 10am – 5pm. There are currently six skilled and capable staff members. Annual revenue is $700k and growing. Revenue increased by 14% over the past 12 months.
This business has multiple revenue streams including product sales, rentals, as well instrument restoration and repair. A large portion of product sales is generated by repeat purchases for children who have outgrown their instruments and need a larger size. There are currently over 400 rental units in circulation. There are opportunities to grow this business by expanding the rental program and working with more schools.
This business is listed at $249,000 plus inventory.
The current owner is willing to offer a transition period to help the new owner learn how to operate the business successfully. This turn-key business is ideal for entrepreneurs with an interest in music.
Qualified buyers with funding already in place can call Ken Wither at 587-215-2245 for further general details about the opportunity.
After the phone call, inquirers who are still interested will be required to sign a confidentiality agreement and complete a confidential buyer questionnaire to give us a snapshot of who you are.
A meeting will then be arranged to share specific details and financials of the business.
Business owners or staff are not to be approached directly. To protect confidentiality, the attached picture is for marketing purposes only and not an actual depiction of the business for sale.
Asking Price $187,262
Profit Available On Request
Converted From CAD
Exchange Rate $0.75
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