Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Music Instrument Shop And Online Business For Sale

East Riding of Yorkshire
Asking Price:
Under £50K Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
£85,000
Cash Flow:
Under £50K

Music Instrument Shop and Online Business For Sale:

Located in a desirable East Yorkshire Market town, enjoying prime town centre trading position. A destination business with an excellent reputation having been established and trading for nearly 20 years.

Currently run by a husband and wife team (without the need for extra staff). The business has a strong bricks and mortar shop and comes with excellent e-commerce website that exports musical instruments worldwide.

The business is currently main dealers for Korg, Yamaha and Casio keyboards and Tanglewood, Guild, Ibanez and Aria guitars. The business has a large stock of music books and accessories which is popular with local residents and visitors to the town.

The business also runs a music school from the four rooms above the shop with a team of self employed tutors providing over 80 music lessons per week and there is still scope to extend this part of the business.

The business benefits from a low rent of £145 per week including a useful private car parking space behind the shop.

Sales for 2017 exceeded £85,000 with a Gross Profit of over £56.000 and a gross profit margin (GPM) that exceeded 55%
Sales for the first 6 month of 2018 have seen an increase of £10,000 on the first 6 months of 2017 with a GPM exceeding 60%.

The business has minimal overheads and this is a reliable profitable business with a genuine reason for sale as the current owners wish to retire.

Leasehold £20,000 plus stock at value

Property information

Property:

Leasehold

Lease Terms:

A new 3 year lease

Leasehold Rent:

£7,000 per annum

Location:

High Street Location

Premises Details:

Brick built Shop with two retail sales area and four teaching rooms

Business Operation

Expansion Potential:

The music school could be expanded

Competition / Market:

No local competition

Reasons for selling:

Retirement

Trading hours:

Mon- Sat 10am until 5pm

Employees:
2
Years established:
20

Other Information

Support & training:

two weeks full time training if required

Furniture / Fixtures value:
£3,000 - included in the asking price
Inventory / Stock value:
£35,000 - included in the asking price
Relocatable:
This business can be relocated.

Contact Information

    1. Your Address

    2. Optional
  1. Optional
  1. What will happen?

    We will pass a copy of your enquiry information, along with the name of the business you enquired on to finance specialists Rangewell. They will contact you in due course about financing your business purchase.

  2. What will I receive?

    BusinessesForSale.com is committed to protecting your privacy. Ticking this box means you are consenting to us sending you marketing emails.

    You will receive newsletters, updates and offers about business and franchise opportunities. We will also send you information about related business and franchise events.

    You can change your mind at any time by clicking unsubscribe in the footer of our emails.

    Find out more about what we do with your information in our privacy policy.

By submitting this form, you confirm that you agree to our Terms and Conditions. Please note that BusinessesForSale.com will send the above details to the seller of this business. Find out more about what we do with your information in our privacy policy.

Selling your business?

If you own a business and are considering selling, visit our Sell a Business section. Limited Free Trial available.

Sell Your Business

Are you a Business Owner?

Set up your Private Seller Account and create your listing today

Get Started Here

Are you a Business Broker?

Set up your BrokerWeb Account and list multiple businesses

Get Started Here