Retail Music Store For Sale - Ukiah, California
Ad/Listing Information
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| Status: |
Off The Market |
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| Location: |
Ukiah |
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| County: |
Mendocino |
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| City: |
Ukiah |
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| Financial Information |
Detailed Information |
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| Price: |
$390,000 |
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| Down: |
Negotiable |
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| Revenue: |
$725,000 |
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| Adj. Net: |
$70,000 |
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| Relocatable: |
Yes |
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| Home Based: |
No |
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| Real Estate Included: |
No |
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| Bkr To Bkr Coop: |
Call |
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| Franchise: |
No |
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| For Sale By Owner: |
No |
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| Asset Sale: |
No |
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| Lifestyle: |
Yes |
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Description Of This Ukiah Retail Music Store Business For Sale:
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This Music Store Has Been In Business For 5 Years In The #6 Best Rated Small Town In America, Ukiah. It Is Located Where The Northern Most County For Vineyards Meet The Redwood Country In The Northern Ca Mountains. It Has Enjoyed A Minimum Of 18-28% Growth A Year Since We Opened. It Is The Largest Music Store In 2 Counties And Has Taken On Between 5 To 10 New Lines A Year, Each Year Including Fender, Yamaha, Roland, Schecter, Ibanez, Digidesign, Takamine And Many More.
We Are Known As The Community Building Music Store With A Solid Dependable Staff, A Family Of Employees Who Are Trusted And Respected In Our Area. We Not Only Sell And Rent About Any Music Instrument Including Pianos, We Also Have A New Music School "Treblemakers", A Summer Outdoor Concert Series "Acoustic Cafe", A Summer Rock Camp For Kids And Are The Largest Supplier Of Instruments, Music And Accessories To All The Regional Schools. We Just Remodeled And It Looks Great. There Is A Large Repair Shop & Spray Booth, Three Storage Rooms, A 2000 Sq Ft Warehouse, About 2200 Sq Ft Of Floor Retail Space Not Including The 1000 Sq Ft Of Wall Retail Space Which Are Covered With Gear. The Business Operates Within Quickbooks Pos 7.0 With A Linked Four Computer Network.
There Are Two Buildings Now Being Leased. The Main Retail Location On The Main Street Of Town, With Storage, Shops And Back Concert Area Is About 7500 Sq Ft Total. We Are On A 6 Year Lease At 1500 A Month With The Lease Going Up 50 A Month A Year. The Warehouse Space That Holds Storage For Pianos And The School And A Performance Space Is 2000 Sq Ft And Is 1100 A Month On A Rotating Two Year Lease. The Two Spaces Are Three Blocks Apart.
We Are On The "Main Drag" of The City In The County Seat Of Mendocino County. Mendocino County Is The Size Of Scotland In Land Mass With 90,000 Residents Total. We Sell To Mendocino And Lake Counties Respectively.
There Are Three Other Stores In The County. The Oldest Only Has One Employee, The Owner And Will Likely Close In The Near Future As He Will Retire Probably Retire. He Only Offers Some Small Core Lines And Is In Scaling Down Mode, Not Expansion. No Threat. The Second Store Is A Guitar And Amp Only Store Of About 600 Sq Ft That Is Very Small. No Threat. The Only Other Store Is On The Coast At 200 Sq Ft And Only Sells Strings, Minor Accesories, A Dozen Guitars And Thats It. Zero Threat. We Bought Out Three Stores In The Last Four Years With One Being The Largest In Lake County.
The Big Opportunity Right Now Is The Just Being Built School And Recital Space. The Numbers Are Very Encouraging And The Space Will Be Great For The Area As Several Teachers Want To Be A Part Of It. There Is A Great Space Right Downtown That Would Work Great If A New Owner Wanted To Expand And Get 100% More Foot Traffic. It Is The Old Sears Store With 12,000 Sq Ft.
It Is Time For Me To Move On And Do Something Else Now That It Is Purring Along. This Store Not Only Offers Revenue, It Also Offers A Quality Way Of Life In One Of The Most Beautiful Areas In The Country. Few Stores Anywhere Will Have This Vibe.
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Retail Music Store Business For Sale Photos
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Retail Music Store For Sale And Ukiah Region Related Links:
Ukiah Regional News & Tips For Buying And Selling Businesses
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Bob Klein Discusses - Valuing A Small Business - Searching For Market Value
There are a number of standard appraisal methods used to value a business that include, Asset approach, Income approach, Market approach (Comps), Capitalization of Earnings and Discounted Future Earnings. Each one of these methods individually does not always represent the true value of a business. In this article, Bob Klein, a Southern California business valuation professional shares his view on searching for market value. Bob can be reached at 949-254-4062 for business appraisal assistance. |
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Business Acquisition Financing Request Needs Accurate Cash Flow Earnings Explanation
What are the actual "provable" adjusted net earnings (cash flow) of a company being purchased and considered for business acquisition financing? Buyers will need to look carefully at tax returns and financial statements to determine the "real" adjusted net income or cash flow of the business being purchased - banks and financial institutions review these numbers carefully (and in many instances discount items that may be considered addbacks). If you are thinking of financing a business purchase you need to read this BizBen blog posting. |
Ukiah Regional Businesses Wanted To Buy
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Buyer Seeks California Food Or Beverage Manufacturer Generating Less Than $10MM In Sales
Buyer looking to purchase food or beverage manufacturer in California. Prefer a company that is in need of improved sales, marketing, and build out of distribution channels into additional markets and is generating less than $10MM in gross sales. Turnaround and distressed considered. Log into your BizBen Account for buyer's contact information and details. |
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Buyer Seeks Northern California Materials Testing Laboratory
We are looking to start a materials testing lab in Northern California to increase our market share. Before purchasing new equipment, we are curious to know if there are any existing labs that may be in financial trouble and are willing to sell. The lab should be located in Northern California and be certified by both Caltrans and the Corps Of Engineers. For more info and contact details regarding this business buyer please log into your BizBen Account. |
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Motivated Business Buyer Seeks Home Health Care Agency Or Health Care Service
Buyer seeks home health care agency with an annual adjusted net income of $180K+. Ideally the business should be located in Southern California, but will purchase outside of Southern California if the right deal presents itself. Buyer has high credit score and is looking to purchase a business immediately, and has been pre-qualified for SBA financing. Contact buyer direct. For buyer contact info and details, log into your BizBen Account. |
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Business Buyer Seeks Financial Advisory Company In LA County (Or Can Be Relocated)
Buyer looking to buy a financial advisory businesss in the Los Angeles County Area or one that can be relocated to his area. Buyer has $150K for a down payment (cash), has approximately $150 in available home equity, and is looking for a financial advisory business priced between $500K and $700K. Has direct work experience in this industry and has been SBA Pre-Qualified for financing. Buyer seeks to acquire this type of business immediately. Please log into your BizBen Account to see more info about this buyer and their contact information. |
More Mendocino County Information For Buying & Selling Mendocino County Businesses
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Retail Music Store Business Opportunity For Sale, Ukiah, California, CA | BizBen
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