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Successful Retail Music Store W / Little Competition
Location: United States -> Utah
Industry: Retail > Other Retail




Business Summary

This sale represents an opportunity to purchase a highly profitable music store in an excellent location in Southern Utah. The store is located on a high traffic street, has plenty of parking, room to expand, and excellent lease terms. The majority of revenues are from repeat customers developed over many years. The music store has exclusive relationships with many of the industry's premier brands, fantastic online reviews, and unique views on their Youtube page of over 200,000. The current owner can take month-long breaks from running the business due to the area's abundant workforce of music enthusiasts, making this a semi-absentee opportunity for the new owner.
- Profitable Over Many Years
- Exceptional online reviews
- Loyal customer base across Southern Utah
- Highly trafficked location
- Perfect for a first-time buyer or multiple retail site owner wishing to expand
- Limited competition
- Immaculate and organized retail store
- Branded musical instrument line with high-profit margins
- Increased revenues during COVID
This business proved to be COVID resistant in 2020 and has the potential to expand further. The current customer base comes solely from word-of-mouth referrals and online presence, but they could benefit from an updated website and traditional marketing. The company has an opportunity to grow revenue through online sales and a recently established relationship with Amazon for their branded line of musical instruments.
The current owner has also not pursued lucrative service areas, such as teaching lessons from the retail store or participating in musical instrument rental programs that local schools have requested.


Financials

Asking Price Range:  $250K - $500K
Gross Revenues:   $350,000
Cash Flow:   $145,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $45,000
Seller Financing:  Yes

About The Business

Year Established:  2020
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased

About The Sale

Reason For Selling:  other interests




Print Listing Id: 700365842
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Also See: Franchise Opportunities > Franchise Resales > Utah Businesses For Sale > Utah Franchises For Sale > Utah Business Brokers



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