MergerPlace

Music Store with $250K Inventory!

New Jersey (Morris)


  • Asking Price: $375,000
  • Gross Income: $795,296
  • Cash Flow: $44,780
  • Real Estate: Not Disclosed
  • Inventory: $225,000
  • FF&E: $20,000
  • Listing ID: #212116
  • Established: 1983
  • Employees: 3 FT / 10 PT

Business Description

Classic Retail Music Center with full line of music equipment. Over $250K of name brand inventory is included in the sale price!

The business specializes as a top dealer in offering all the big name product lines for instruments. Multiple Revenue Streams... the business provides repairs, music lessons and installations for full PA systems.

The reputation and name recognition are strong and the business has remained profitable even with the owner absentee. Great opportunity for a new owner who has a passion for music and good operational skills.


Business Details

Primary Business Category: Retailers - Miscellaneous
Location: New Jersey
County: Morris

Company Information

Year Established: 1983
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 3 FT / 10 PT

Financial Information

Asking Price: $375,000
Gross Revenue: $795,296
Cash Flow: $44,780
FF&E: $20,000
Inventory: $225,000
Seller Financing Available: No

Property Information

Facilities:

The store is well maintained with a large retail area. An additional floor includes a lesson center and rental space. Reasonable rent with an option for a long term lease. Very flexible.

Growth & expansion opportunities:

The business has strong growth potential with a new owner operator who expands the sales/marketing online. Everything else in place and retail sales remain strong.

Competition:

The business is well established and has only one retail competitor after outlasting all the others over 37 years in business. Online stores have popped up but the business has started selling products online as well.

Reason for selling:

The business has maintained it's sales and operations while the owner has been dealing with serious health issues that have progressed over the last few years. A new owner is now required to take the business forward. A tremendous opportunity for a music enthusiast or experienced operator. Act Now!

Support & Training:

Will train for 2 weeks @ $0 cost. A dealer for all the major brands with long term relationships and preferred pricing in place. The business is a leader in the local market and room for growth.

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Business Listed By:

Daz Connell

Murphy Business Brokers