|
Well Established Music Store For Sale
Location British Columbia,Canada
Asking Price Range $250K - $500K
Gross Revenues $530000
Net Profit / Cash Flow $108000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1995
Number of Employees 1 - 3
Inventory 145000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training The seller will provide full operational training!
Reason for Sale Retirement
Description After 17 successful years in business, the owner of Duncan Music has decided it's time to retire from the selling musical instruments to travel and concentrate on his own music. The store is offered for sale at a price of $330,000. This price includes approximately $125,000 in inventory as well Furniture, Fixtures and Equipment valued at $20,000.
Duncan Music is situated in a 3,500 square foot store in an easily accessible location right in the heart of Duncan on the TransCanada Highway. There is ample parking in both the front and rear of the store. The owner of Duncan Music also owns the building; as such he has spared no expense in creating a prime venue for showcasing a large offering of new and used musical instruments while still leaving plenty of space for private lessons.
Gross and Net profit margins were solid in 2012 and the store was able to maintain profitability even through the worst of the recession. This music store does over $500,000 in yearly revenue from two main revenue streams:
- Musical Instrument Sales and Rentals account for about 70% of total revenue. There is some opportunity for growth in musical equipment sales through a renewed focus on local school bands and an expanded advertising campaign.
- Music Lessons comprise the remaining 30% of revenues; this revenue stream offers tremendous opportunity for growth. There is capacity to more than triple revenues from music lessons by concentrating on direct marketing to the Cowichan Valley's growing population of young families.
There is very little competition locally for musical instrument sales and rentals. Duncan Music is a fixture in the community and is the proud sponsor of a number of musically focused social clubs and community events.
For full information, contact Keith MacKenzie 250-710-3265.
Click Here To Contact Seller
|
|
