MergerPlace

Audio Equipment and Musical Instrument

New York


  • Asking Price: $675,000
  • Gross Income: $2,913,160
  • Cash Flow: $216,787
  • Real Estate: Not Disclosed
  • Inventory: $458,816
  • FF&E: $25,000
  • Listing ID: #210098
  • Established: 1970
  • Employees: 5

Business Description

Major distributor of pro audio/musical gear, headphones, home audio equipment, recording media & audio/video tapes, and air purifiers. This company has been serving the market for nearly 50 years and is both well-known and highly trusted by consumers.

The company sells through a diversified set of channels including company website, Amazon, eBay, Reverb, Walmart, and direct to customer. There is also a steady export business with customers in Japan. The product catalog includes approximately 1,200 SKUs from virtually every brand in the industry.

They have received numerous sales awards from several manufacturers including Largest Dealer, Largest Sales Growth and Lifetime Achievement awards.

Company Highlights:

•Robust Product Offering

•Multiple Sales Channels

•Excellent Relationships with Manufacturers

•Strong Staff

•Initial New Owner Training and Support from Seller

This is an excellent opportunity for a new owner to take the reins of a well-established, successful business and apply their talents & ideas to grow it even greater.

Business is Pre-Qualified for 3rd Party Financing for Qualified Buyers.

Submit NDA and you will be provided with CBR (Confidential Business Review) containing all information need to make a buying decision.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: New York

Company Information

Year Established: 1970
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5

Financial Information

Asking Price: $675,000
Gross Revenue: $2,913,160
Cash Flow: $216,787
FF&E: $25,000
Inventory: $458,816
Seller Financing Available: Yes

Property Information

Facilities:

5,700 SF facility with the warehouse built out to twice that size space by having 2nd level tier platforms, mezzanines and 18-20-foot ceilings. There’s plenty of extra space to do much more with storage.

Reason for selling:

Other Business Interests, Owner Relocation

Support & Training:

Available

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Kyle Griffith

The NYBB Group