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Rare Vintage Record Store And Collection
Location: United States -> California -> Southern California - All Southern California -> Orange County
Industry: Retail > Other Retail




Business Summary

This rare vintage record store is for sale and includes a collection of over 110,000 vinyl albums. The collection includes approximately 37,000 LP's and 76,000 45's with rare new and pre-owned albums from The Beatles, Elvis, Frank Sinatra, Dean Martin, Led Zeppelin and a number of other big band, jazz and classic rock recorded and live performances. The business has been a community staple since the 1970's. The current owners do not operate a website and do not have any online presence or marketplace which would significantly enhance the earnings potential.

Asking price: $325,000

This 1,500 sq. ft. facility leases for $1,900 per month. A new owner would likely negotiate a new long-term lease. All of the business's furniture and fixtures will be included in the sale, as well as the inventory, name, brand and goodwill.

Competition is minimal in the direct area as record stores are rare in their own right. This business is and has been a destination location for many years as customers will travel from all over the country to visit the rare selections on hand.

The business has excellent potential for growth given that the current owners have been operating the store since inception, are not computer savvy, and have done little to evolve with the changing buying habits brought on by the internet and the online marketplace. The inventory is not catalogued or sold online, and the business does not market or advertise in any form.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $2,500
Seller Financing:  Not Disclosed

About The Business

Year Established:  1970
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  2 Weeks at 20 hrs/wk
Reason For Selling:  Personal




Print Listing Id: 700331968
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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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