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Music Store
Location: United States -> California -> Northern California - Bay Area -> Walnut Creek
Industry: Retail > Other Retail




Business Summary

Since 2011 we have had steady growth making us the premiere fretted shop in the area!

Just next to downtown Walnut Creek
Turnkey condition with everything you need.
convenient parking

1600 sqft space with divided acoustic room, lesson studio and basement stockroom
There is a lot of potential and growth in this business, especially with Guitar Center going out of business
Great location with lots of visibility

What We Carry
Fretted Musical Instruments:
- Guitars
- Basses
- Mandolins
- Banjos
- Ukuleles
- Amps
- Effects Pedals
- Digital Pianos
Assets:
MAC based Lightspeed POS system/cash register
8 camera security system
Slatwall displays with string swing locking guitar hangers,
6 large sheet music displays
Repair station/area
Strap wall and cable wall displays as well as various pick, strap, parts and capo displays
3 Retail Counters with storage
Over 200 loyal customer e-mail list
Very high Yelp and Google ratings!
Store name and URL with designed web site we can transfer to you.


We are retiring and moving out of state but have many loyal customers who depend on us as their local music store. We want to make sure it lives on with the right passionate owners. We are willing to work with new owner for a smooth transition and to help and advise them as much as they need.
Currently we repair, buy, sell, trade and consign fretted instruments and sell digital pianos.
Our four teachers are Independent contractors and rent our studio for $6 per half hour. We use a convenient online schedule. Most of the lessons are booked with the teachers.
Repairs average about $1k a month
Consignment sales can bring on an average as $3k a month
We are a two person operation. With more staff you could increase hours of operation and there is room to expand on selection or rentals.

For sale by owner $190k plus inventory in stock at time of sale.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $280,000
Cash Flow:   $90,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $100,000
Seller Financing:  No

About The Business

Year Established:  2011
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Reason For Selling:  Semi-retirement

Photos

View Larger Photo(s) Of Business
Music Store Photo 1 Music Store Photo 2 Music Store Photo 3




Print Listing Id: 700282562
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Also See: Franchise Opportunities > Franchise Resales > California Businesses For Sale > California Franchises For Sale > California Business Brokers



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