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Technology / Music
Location Spain
Asking Price Range < $250K
Gross Revenues $115000
Net Profit / Cash Flow $70000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2006
Number of Employees 4 - 5
Inventory 95000
Relocatable Yes
Number of Employees 4 - 5
Real Estate Leased
Training Need computer tech experience.
Reason for Sale Getting old.
Description We are a computer business for sale in Fuerteventura, Canary Islands. We sell, repair, PCs, laptops. We have an internet section with 6 PCs plus laptop access. We also sell peripherals in the shop (170sq mtrs). We have a music section which sell stringed instruments & used music units (Amps/mixers/peddles/speakers, etc).We have a guitar repair section, which brings in the buyers for strings & other bits. Our basement has a recording studio (160sq mtrs). As well as this we have a franchise for compatible printer inks for all the Canary Islands. We have also been offered a franchise for computers peripherals & branded PCs., due to the fact that we are based in a strategic area in the town, beside the hospital & bus station.
We have been running for 2.5 years, but never had enough cash to maximise our potential. We want someone to take up the baton & run with it. The business will cost you _110,00, with lots of assets & no liabilities. For an extra _50,000 we will leave the recording studio fully digitally equipped, latest Mac software. Full rental for ground floor & basement is _1,280 per month. Customer base is large. We have spent about _150,000 so far, & have a good reputation. The guitar repair guy is an added free asset, he just gets paid for his work by customers, & buys parts from us, he also speaks Spanish, German, English, & Dutch, & can make himself understood in Italian. We have started a magazine to advertise the second music stuff for sale, but too much work with not enough time is causing this to be held up, oh for '8 days a week'. More details, email or ring me, John, at 0034695893230
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