- Advert ID: 659600
The Music Place For Sale
- Location:
-
- United Kingdom
- > England
- > South East
- > Hertfordshire
- > Letchworth
- > LETCHWORTH GARDEN CITY
- Category:
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Summary
- Asking price:
- £85,000
- Sales revenue:
- £230,000
- Net profit:
- Available on request
- Years established:
- 15 years current position 12 years
- Employees:
- 1 full time .. 1 part time
Business description
Busy independant musical instrument retail store.
LOCAL WELL KNOWN SHOP AND VERY WELL SUPPORTED BY LOCAL SCHOOLS, BANDS, RECORDING STUDIOS, TUTORS, COMMUNITY GROUPS and GOOD REGULAR CUSTOMER BASE.
PRICE DOES INCLUDE CURRENT STOCK LEVEL AND CAN BE REDUCED ACCORDINGLY
Property information
- Property:
- Leasehold
- Lease terms:
- 2 1/2 YEARS LEFT ON CURRENT LEASE...
VERY GOOD RE-NEGOTIATION TERMS FOR LONGER LEASE AVAILABLE AS PART OF THE SALE.
- Location:
- Prime High Street position...
Close to High Street Chain Stores ( eg wilkinsons curry's M&S Argos )
good foot fall
Other information
- Expansion potential:
- There is future potential for internet sales...
Also expansion to satisfy local demand for computer music ( Digital Audio Workstations )
Currently instrument tuition in store this is a great bolt-on business opportunity.
- Competition / Market:
- We are an established business which has been located in Letchworth for 15 years in current position 12 years...we sell a wide range of instruments and there is no local competition within Letchworth Garden City.
- Support & training:
- current business owner will offer training and familiarisation with current product lines. can assist with initial order quantities and advise on expantion potential
- Reasons for selling:
- RETIREMENT TO AUSTRALIA!!!
- Trading hours:
- 6 days 9.30am - 5.30pm
- Furniture / Fixtures value:
- £5,000
- Inventory / Stock value:
- £30,000
Contact the seller
need to search again?
- United Kingdom
- > England
- > South East
- > Hertfordshire
- > Letchworth
- > LETCHWORTH GARDEN CITY
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