Unique Musical Instrument Retailer - Worldwide Clientele
Listing DetailsStatus: Expired
Listing Price: $300,000
Cash Flow: $121,223
Inventory Included: No
FF&E Included: No
Real Estate: $345,000
Financing/Terms:Seller will provide financing as required by the SBA. Inventory price will be actual at cost at time of sale.
Reason for Sale:Seller is interested in pursuing other opportunities.
Training:Seller will provide adequate transition assistance.
OperationsYear Established: 0
Last Acquired: 2002
Business Hours: M-F 10-6pm EST
Business Description:A large investment was made in designing and implementing a new e-commerce website with integrated social media in 2010. A new level of spending on marketing began at the same time. This brought a rise in sales of 36.7% in the first quarter over 2010, tapering off a bit in the second quarter, resulting 31.7% above 2010. Projected (not guaranteed) sales for 2011 are $1,365,000, and are currently on pace to exceed this goal. Perhaps the most surprising 2011 sales statistic is how monthly sales are much more consistent at this higher level – the wide monthly sales swings of prior years have been replaced by consistency at a much higher level.
Historical Summary:This business has recession-proof characteristics having maintained sales above one million for all of the last three years. As most businesses in the industry were content to have “only” 10% to 20% declines in revenue, this business maintained sales. Why? In addition to a wide selection and devoted customer service, this businesses niche is still new enough that those players who need to add amplification to their existing equipment will find the funds to do so. The recession was used to improve all aspects of the business. Also, ordering for non-US shoppers has been made easier and sales to foreign buyers reliable and rising.
Owner Qualifications:Buyer should have general business and retailing experience. Musical expertise - especially in stringed instruments a plus. This is NOT a business that doesn't require any product expertise. It is not another operation only built upon SEO or PPC.
Competition:Perhaps one of the most intriguing attributes of this business opportunity is that competition is relatively limited. Essentially a niche within a niche. There are several national and international players in the market, but the owner feels that they are able to successfully differentiate themselves by providing a high level of experienced and personal customer service.
Potential Growth:The electric stringed instrument market continues to grow. This business has maintained modest growth in spite of the great recession.
LocationReal Estate for Sale: Yes
Real Estate: $345,000
Monthly Rent: $2,600
Square Footage: 1512
The commercial property is for sale. The asking price is $345,000 based upon current local cost per square foot comparables. The commercial property is NOT included in the asking price of the business.
Last Updated: Dec 18, 2017 / 11:53 AM
Financial Information Current As Of: Nov 30, -0001 / 12:00 AM