Active
Well-Established Musical Instrument Store with Loyal Clientele! (17901)
Accepting Offers! Located in a Charming Foothill Community within the Greater Sacramento area of California, the business offers the sale and rental of quality musical instruments, live sound and recording equipment, accessories, and more. The store has a great reputation for their range of specialized products, from acoustic and electric guitars, to amplifiers, effects pedals and keyboards. Bass, drums, electronic pianos, stringed and brass instruments are also available. For added income streams, expand product expansive lines to include Fender & Gibson or start adverts online to maximize local outreach. Music grants are coming in for school programs showing a promising future. Thanks to its convenient whereabouts in a desirable area, more opportunities exist in taking business to the next level through e-commerce, strategic expansions & possible streamlining optimizations. The workplace is a prime retail space that totals 7,000 square feet found inside a shopping center, is surrounded by parking lot, and holds a long-term tenancy; property is well-conditioned. Having 75% of their inventory owned, the Revenues from 2022 totaled $499,895 with Gross Sales Projections at $532,388 into 2023! The seller is part of the skilled pairing of two employees. Beyond the standard transitioning, the Seller agrees to stay post purchase for the new owner to focus on business growth and aggressive marketing as the seller wants to see the business flourish. Besides a maintained website and some engagement on social media, store promotion relies mostly on community support and customer-orientated business, backed by ongoing referrals.
Listed By: Tatiana Del Pilar
Background information
Seller Number:
17901
Year established:
1988
Reason selling:
Of age to retire.
Finance
Sales:
$499,895
Profits:
$29,117
Profit type:
Discretionary Earnings
Operations
Employees:
2 employees, including Owner.
Equipment:
$46,960
Inventory:
$65,665 (75% is Owned).
Premises
Facility:
Leased.
Square footage:
7,000+/-
Opportunities
Market:
Website, Social Media, Community Support and Client-Orientated Business, and Referral Sources.
Price and terms
Financing:
Negotiable up to 20% for the right buyer.
Owner Transition:
Seller agrees to stay after a standard acclimation period for a Buyer-focused business growth.