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Music Store - Live And Work In Paradise
Location Florida,United States
Asking Price Range $250K - $500K
Gross Revenues $350000
Net Profit / Cash Flow $50000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1996
Number of Employees 1 - 3
Inventory 200000
Relocatable Yes
Number of Employees 1 - 3
Real Estate Leased
Training Yes.
Reason for Sale Other interest.
Description Founded in January 1996, The Music Store Inc. will be celebrating its 10th anniversary this coming January. In this time the store has grown from a buy, sell, and trade business; to now carrying hundreds of top manufacturer lines, rentals, repairs, and music lessons. "The Music Store Inc." has found it's niche as a musical convenience store, offering items such as guitar strings, tuners, drum sticks, drum heads, and drum maintenance parts, percussion instruments, reeds, mouthpieces, cables, replacement light bulbs for par cans, and disco lights, replacement speakers, karaoke disks, and equipment, and much, much more. These items are in constant need by musicians, and are a steady business for the store. With two colleges nearby, there is also a large market of student, and amateur musicians in Boca Raton. Business caters to this market by offering very good quality products, at reasonable prices. For the professional, the consignment business offers used gear at bargain prices. The store makes 20% commission on all consignments, and this requires no money tied up in inventory.
The store location consists of 2,000 square feet which rents for $2,000 per month, with another 1,200 square feet available on request. There is a full kitchen, two bathrooms, a hot, and cold shower, a garage area that can be used for stock, and rental equipment. Music teachers have a small private room for their lessons. Out back there is a patio area.
The music store staff is made up of collage students, and local musicians. The Florida Atlantic University and Lynn University are only a few miles away. Both of these schools have first rate music programs, and offer a ready supply of qualified workers willing to work at reasonable rates.
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