Long Established Music Business

$125,000

Business description

This established music business has been servicing the area for 30 years. The business is driven by a high number of repeat customers and enjoys a great reputation that comes with years of success and excellence in customer service. In addition to retail, the business offers music lessons, rentals, repairs, and more. The large building features an expansive open retail space in addition to private rooms for lessons. With a little planning, indoor and outdoor events could also be an option. The store has a movable sound stage for performance. With little local competition and plenty of room to grow, this business is a great investment.
Craig Church Listing Agent

Craig Church

office: (207) 774-7715
cell: (207) 318-6498

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  • Asking price $125,000
  • Gross Revenue $236,261
  • EBITDA N/A
  • FF&E $26,500 (included in asking price)
  • Inventory $100,000 (included in asking price)
  • Real Estate $419,000 (owned, not included in asking price)
  • Established 1987
  • Building SF 4,459
  • Employees 1 FT, 3 PT
  • Facilities The business is currently run out of a 4,459 square foot building.
  • Competition This is the only full service music equipment store in the area. Only marketing as been word of mouth at this point.
  • Growth & Expansion This business could see growth with additional hours and a strong marketing campaign. Online sales would also benefit the business.
  • Support & Training TBD
  • Reason for Selling Relocating