20 Year Old Musical Instrument Business And Prime Real Estate
Location:
United States
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West Virginia
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Martinsburg
Industry: Retail > Other Retail
Business Summary
Musical instrument retail sales, service, and lessons. Established in 1989.
In 2008 business invested $12,000 in latest industry POS hardware and software, including the latest accounting program available in the industry.
Recently renovated teaching studio's(6) boasts 150+ students per week. A family run business for the past twenty years. Little or no competition exists in the immediate surrounding Tri-State / Panhandle area.
The prime 3.1 acre, with 9650 square foot building located in a retail / commercial /industrial area is just south of the city boro, on a main artery leading into town. Last count said 35,000 cars per day. No B&O taxes apply. Property is high visibility, with room for expansion with the two acre plot elevated behind the storefront property. Recent planning commission approval of minor subdivision would allow sale of the back elevated 2.06 acre or just the front 1.06 acre with the retail storefront. Property is suitable for a convenience store, gas station, bank, restaurant, almost any business looking for a great location, in a growing community. Gas tanks have been removed, and a clean ''bill of health'' issued in 2005 by EPA.
Opportunities (both short and long term) like this, do not surface often.
While the owner's ''wish to see'' the business continue for the local market, they will entertain the thought of selling only the valuable real estate. 30-90 day possession of property, may be possible to a qualified buyer of just the property. Asking price of 1,800,000. includes business, entire property, inventory, and fixtures. Owners will consider selling the two property parcels
and business all separately. Contact Blair Hess Jr. 304-264-4463
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$600,000
Cash Flow:
$225,000
Cash Flow Type: EBITDA
Inventory: $225000 plus or minus.
Seller Financing: Not Disclosed
About The Business
Year Established: 1989
Number of Employees: 6 - 9
Relocatable: Not Disclosed
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Negotiable. Six months would be considered reasonable.
Reason For Selling: Owner's wish to retire, relocate, and pursue other interests.
Photos
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Click on the "I'm Interested" button above for more information on this Retail > Other Retail business for sale.
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Print Listing Id: 700113699
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