Highly Systematized Cd & Dvd Retailer
Location:
United States
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Oregon
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Portland
Industry: Retail > Other Retail
Business Summary
Imagine a large part of your daily tasks being focused on selecting what new music to carry in your award-winning CD & DVD store. This business offers strong benefits for a buyer: 1, it has been systematized better than many franchises which makes it easier to operate than most small businesses; 2, it has stable long-term employees which is in stark contrast to the 50%-80% annual turnover rate that most retailers experience; and 3, it is located in a prime high-retail-traffic area.
Why is this store different than other music stores? There are over 400,000 CDs & DVDs that American consumers can potentially purchase, but very few of the 10,000+ US businesses that sell CDs & DVDs have access to them. This business is one of the few able to do so! This business has done this so well, that it has received the local paper's Best Music Store Award each year since 1994! It has achieved its high level of service by building its entire operation around client needs. Technology captures historical consumer data to aid in the store's buying practices. Technology is also used for systems that enable staff members to find music & movies for customers that other stores can't.
Are you worried that digital downloads make this business obsolete? You shouldn't be - according to the Recording Industry Association of America, digital downloaded music sales are about 14% of music sales, and independent record stores have had a very stable market share over the past few years while big box retailers have experienced declines in customers buying music from them. The music industry is a stable environment for retailers who offer specialized services and selection. Contact for more information on this CD & DVD Retail business for sale.
Financials
Asking Price Range: $250K - $500K
Gross Revenues:
$779,866
Cash Flow:
$90,785
Cash Flow Type: Sellers Discretionary Cash
Inventory: $300,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1993
Number of Employees: 6 - 9
Relocatable: Not Disclosed
Franchise: No
Current Real Estate: Leased
Property: Property For Lease
About The Sale
Management Training and Support: There is a well-trained staff in-place that will continue with the business that can largely operate the business on their own. The seller will als...
Reason For Selling: Owner wants to pursue other entrepreneurial dreams.
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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: 70080861
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