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8911SG HERTFORDSHIRE LEASEHOLD: £85,000 MUSICAL INSTRUMENTS RETAIL STORE

Asking Price: GBP 85000
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Business Location: United Kingdom » Hertfordshire » HERTFORDSHIRE 
Category: Retail » Miscellaneous Retail
Description:
Advent Business Sales is pleased to have
been instructed to offer to the market this
very popular and well established music
store with excellent future potential.
Founded over 14 years ago and in the hands
of the current owner for the last 7 years, it is
only now being reluctantly offered for sale
due to the vendors plans to retire.
The shop offers an extensive range of goods
including:
• Keyboards
• Brass and woodwind instruments
• Music books
• Many accessories
They also offer a repair service for brass,
woodwind, strung and electric instruments
and will accept orders for any item which is
not currently in stock.
The business has a loyal local customer base
made up of semi professionals, families and
nearby schools, it also has an excellent fully
operational web site with links to many of
its world wide famous suppliers.
The vendor staffs the business, which that
achieves annually sales to the value of
£200,255 with a gross profit of £76,295.
We are advised that stock at cost is
approximately £30,000.
REF: 8911SG
 
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Financial Information:  
Annual gross sales: (GBP) 200000
Yearly Revenue: (GBP)
Total yearly sales revenue
N/A
Net Profit: (GBP)
Total profit before taxes
N/A
General Information:  
Business Area:
Year Established: 2001
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: No
No of trading hours: Thurs-Fri: 9.30am – 6.30pm Sat: 9.30am – 5.30pm Sun: 9.30am – 4.00pm
Reasons for selling:
Mon-Wed: 9.30am – 5.30pm Founded over 14 years ago and in the hands of the current owner for the last 7 years, it is only now being reluctantly offered for sale due to the vendors plans to retire.
Market competition and expansion:
There is excellent potential to increase sales and profits further by having internet sales, advertising, private tuition lessons, closer ties with nearby schools, arranging finance and by pushing drum and electronic sales, for which there is little local competition.
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